Foreign direct investment in Central and Eastern Europe will rise to about EUR 20 billion annually in 2004 and 2005, according to a forecast by Bank Austria Creditanstalt (BA CA). "EU enlargement has enhanced the attractiveness of Central and Eastern
Atlantis Investment Management's China Fund has grown from $18 million to $98 million and has returned 72.3% against the MSCI China Free index up 48.8% over the year since it was launched in March 2003. Yang Liu, the China fund
Reuters has formed a strategic alliance with Asset Control, the Netherlands based provider of investment data integration technology. The two firms say they will integrate their products, enabling users to implement the entire range of Reuters DataScope products in Asset
Sun Microsystems has appointed David Hallett as its new UK Client Services Director. Hallett joins Sun from Littlewoods Retail Group to lead this new division, which unites previously separate groups providing professional, project delivery and technical pre sales services to
Concise Group says the next version of its Payments Practice J2EE payment solution will be deployed on the IBM WebSphere Business Integration platform. The Concise Payments Practice aims to enable banks to design, develop and deliver payment infrastructures and payment
Mitsubishi Tokyo Financial Group (MTFG), Bank of Tokyo Mitsubishi holding company, has further reduced non performing loans (NPLs) as a proportion of total assets, from 5.34 % to 2.93 % (the industry average of the seven main banking groups in
DST International (DSTi) says Ian Hunt has joined the firm as Head of Global Product Strategy. Hunt will assume responsibility for DSTi's entire range of products and will direct future plans for the products' functionality, including the R&D priorities. As
As expected, New York Attorney General Eliot Spitzer decided yesterday to sue former New York Stock Exchange (NYSE) Chief Executive Richard Grassofor the return of at least $100 million from his controversial $188.5 million pay package. Spitzer told a press
Barclays Capital has started US dollar interest rate swaps trading on BARX (Barclays Automated Real time Execution), the firm's single dealer electronic trading platform on the Bloomberg Professional service. The bank says this is the first time ever for electronic
Charles River Development has signed a strategic agreement with Cameron Systems to ship the CameronFIX Engine as a component of the Charles River Investment Management System (Charles River IMS). Charles River will embed the CameronFIX Engine within Charles River IMS.