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Posts on ‘June 17th, 2005’

Citigroup faces record FSA fine for bond deal

THE TIMES (UK): Citigroup faces record FSA fine for bond deal

Posted 17 June 2005

By Caroline Merrell, Banking Correspondent

CITIGROUP, the US investment bank, is expected to be fined between £20 million and £30 million by the Financial Services Authority (FSA) over a controversial bond trade that shook the European bond markets last year.

The fine, which is to be announced within the next two weeks, will be the biggest imposed by the UK regulator. The fine is also expected to include a charge of €17 million (£11.4 million), equivalent to the profits that Citigroup made from the bond trade. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell: Hostage – Takers Are Demanding Jobs

THE NEW YORK TIMES: Shell: Hostage – Takers Are Demanding Jobs

Posted 17 June 2005

By THE ASSOCIATED PRESS

LAGOS, Nigeria (AP) — Gunmen who seized two German and four Nigerian oil workers are demanding petroleum giant Royal Dutch/Shell honor promises of jobs and benefits in the oil-rich south, a company spokesman said Thursday.

The kidnappers are dissatisfied with Shell’s implementation of an agreement to provide nine communities bordering oil fields with jobs and basic social benefits, Simon Buerke, a spokesman for the Royal Dutch/Shell Group of Cos., said by telephone from London. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Nigeria Moves to Free Abducted German Oil Workers

THE NEW YORK TIMES: Nigeria Moves to Free Abducted German Oil Workers

Posted 17 June 2005:

By REUTERS

LAGOS (Reuters) – The southeastern Nigerian state of Bayelsa has ordered a militant group to release two German and four Nigerian oil workers it kidnapped in the Niger Delta, a government spokesman said on Thursday.

The six employees of oil services company Bilfinger-Berger (B&B), a local contractor for Royal Dutch Shell, were abducted on Wednesday while traveling by boat from Delta State to Bayelsa State, where the militant group is based.

“The governor has already directed that they be released immediately. The government has dispatched a high-powered team to the area with a mandate to get them out,” the spokesman said by phone from Yenegoa, the Bayelsa state capital. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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