Private equity fund RSS Investors made a $9-million
investment round in Attensa, an RSS Reader for MS Outlook.
Also read Randy Charles Morin’s interview with Jim Moore, an RSS Investor
partner: "Within the next 18 months more than 110 million desktops will be
fully RSS-oriented, simply through the distribution of Microsoft Vista as reported by redherring
December 13, 2005
1st Investment Made By RSS
Ericsson Behind the Expansion of Investcom in Africa
The news reveal that Ericsson has received
three contracts in West Africa from the international operator Investcom LLC.,
which leads its operations in Africa, the Middle East and Europe.Ericsson will
deliver equipment and telecom services in order to lead to the expansion and
upgrading of Investcom’s networks in Ghana and Benin. The company will also
provide the infrastructure and telecom services for the new network in the
The new reported by Softpedia News tells that Investcom has around 4 million subscribers to the GSM mobile networks.
Guinea Bissau, Liberia,Yemen,Guinea and recently Afghanistan.
When it comes to the Republic of Guinea, Ericsson will be able to supply a complete turnkey GSM network that offers a
capacity for 300.000 subscribers. The network will use the latest technologies
in switching,radio transmission and
intelligent networking.
December 12, 2005
Through STS,STP insurance breakthrough
An
insurance buying and processing web-based platform has just been launched that
enables advisers
to buy insurance for their clients almost
instantaneously.
The platform has been developed by Australian company Straight Through
Solutions (STS). It can
handle income protection, serious illness and life
insurance cover.
This
platform reduces applications processing time from weeks to literally minutes.
As reported by Financial Standard.PrefSure Life is the first insurance company in Australia to trial the
‘Simple Life
Risk’ platform involving with 30 advisers from a mix of targeted advisory
groups.
The main consideration is that efficiencies should translate into reduced costs
and lower premiums for
consumers.
December 9, 2005
Developments in Investment Banking
The external factors that affect the actions and policies of investment banking are economic conditions, monetary and fiscal
policies, the liquidity of global markets, international and regional political
events, acts of war or terrorism, changes in applicable laws and regulations,
the competitive environment and investor sentiment
Recent Economic Developments
Kanishka Raja tell that research indicates that the profit centers for investment banks have
changed over the years. The new big earners are the equity and Mergers &
Acquisitions business. The most profitable sectors have been the "new economy"
sectors like technology and Telecom.
High cost-income ratios also lowers profitability and reduces competitive
edge gained through other means. The personnel costs, even for successful
firms, are close to 50%. All these factors affect the development of investment
banking
December 8, 2005
Investment Banking Functions being Outsourced
Nowdays world’s top Investment Banks-prefer outsourcing of critical research and modeling functions to outsourcing of standard financial services functions like customer relationship management. Market conditions demand nowdays that Investment Banks revisit their sourcing strategies and make a fundamental review of their operating models. The old of Investment Banking may no longer be valid. This new wave of outsourcing have internal as well as external factors impinging on Investment Banks’ independence as well as profitability. Examining some of the factors, predicts the future of the Investment Banking industry
The Investment Banking industrys structure facilitates incestuous cross selling of research to clients.
Kunal Singh tells that In integrated Investment Banks, many departments often compete with each other to sell different financial services to the same customer.
December 7, 2005
Archipelago deal approved by NYSE seatholders
To buy rival exchange operator Archipelago Holdings Inc.New York Stock Exchange seatholders voted on Tuesday , a deal heralding the Big Board’s conversion to a public company and accelerating its move away from traditional floor trading.
The news reveal that deal is meant to arm the NYSE with key weapons it had lacked in its fight to protect a tenuous position atop the global stock trading business from incursions by arch-rival
Archipelago brings new technology, a broader range of products and listing venues and, in ending the NYSE’s status as one of Wall Street’s last-standing private partnerships, publicly traded shares, which it can use as currency to buy rivals worldwide.
Thain unveiled the deal in April,but before that seatholders had seen seat values drop to nine-year lows amid eroding market share. Seat prices also suffered from criticism of a slow embrace of technology and management’s devotion to a floor-trading model .
News given by abs-cbnnews
(more…)
