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June 6th, 2005:

Only job-creating businesses can really make poverty history

The Guardian (UK): Only job-creating businesses can really make poverty history

By Kurt Hoffman

Monday June 6, 2005

On the face of it, making poverty history seems a straightforward task. Virtually everyone, including the poor in Africa, lives in a cash economy. With cash, you can access food, clothing, shelter, health care and education.

So creating millions of new jobs should be at the very heart of the efforts of the international community’s endeavours, because this is the only thing that offers poor people a chance to escape poverty permanently.

Hopefully Tony Blair and Gordon Brown will be successful in winning agreement from G8 countries on aid, trade and debt. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

BLOOMBERG: Korea Gas, Asian Utilities May Pay More for Gas on U.S. Demand

BLOOMBERG: Korea Gas, Asian Utilities May Pay More for Gas on U.S. Demand

6 June 2005

June 6 (Bloomberg) — Liquefied natural gas prices in Asia may rise more than 75 percent over the next five years, increasing costs for companies such as Korea Gas Corp. and China National Offshore Oil Corp., on higher U.S. demand.

Asian buyers may pay as much as $8 per million British thermal units by 2010, from the regional average of about $4.50 now, said Fereidun Fesharaki, president of Honolulu-based consultant FACTS Inc. U.S. gas futures have averaged $6.64 this year, more than covering the cost of chilling the fuel into liquid and shipping it from halfway around the world. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch/Shell’s planned restructuring should make it easier for the oil company to participate in large-scale mergers…

Interactive Investor: FRANKFURT (AFX) – Royal Dutch/Shell’s planned restructuring should make it easier for the oil company to participate in large-scale mergers…

6 June 2005

Royal Dutch/Shell’s planned restructuring should make it easier for the oil company to participate in large-scale mergers, chief financial officer Peter Voser told Handelsblatt in an interview to appear in tomorrow’s edition.

He said the restructuring will enable the company to use its shares as acquisition currency.

Under Royal Dutch/Shell’s traditional dual board structure, mergers were quite complex, Voser explained.

The planned union, which is subject to shareholder approval at the annual meeting in June, is “on track” for completion in July, Shell said in April. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Tycoons plan Shell forecourt sell-off

THE TIMES: Tycoons plan Shell forecourt sell-off

6 June 2005

By Jenny Davey

A PARTNERSHIP of millionaire brothers is poised to put 180 UK Shell petrol stations up for sale, with an expected value of more than £400 million, The Times has learnt.

Robert and Vincent Tchenguiz, the Iranian property tycoons, and Ian and Richard Livingstone, the secretive property investors, bought the service stations five years ago from Shell through Octane, a joint venture vehicle, for about £300 million.

Under the terms of the original deal, Shell agreed a sale and leaseback to carry on operating the service stations. At that time oil companies were under pressure from the City to sell retailing and property assets and reinvest the proceeds in their core business activities. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Speculation of a Shell/BP Merger?

Speculation of a Shell/BP Merger?

6 June 2005

By Alfred Donovan

According to a report today by AFX, Shell’s chief financial officer Peter Voser, is going to say in an interview tomorrow that planned restructuring should make it easier for the oil company to participate in large-scale mergers.

Mr Voser reportedly will also say that the restructuring will enable the company to use its shares as acquisition currency. Presumably the reverse applies: it would be easier for a predator to launch a takeover of Shell.

Today’s report could tie-in with a story by Clay Harris in the Financial Times (published on April 21 2005) that “Royal Dutch/Shell has put together a team in The Hague with the sole purpose of making plans about how to fight off a hostile takeover.” Shell apparently refused to comment. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Lex live: Royal Dutch/Shell

Financial Times: Lex live: Royal Dutch/Shell

6 June 2005

When crude prices are high, acquisitions are tough for an oil company to justify. But as Peter Voser, chief financial officer, reiterated on Monday, after the planned merger of Royal Dutch with Shell, at least the oil major could use its paper as currency for a deal.

Shell emphasises that the ability to issue paper does not mean a significant deal is under consideration. It is committed to organic growth and share buybacks. A transformational deal, which would undermine confidence in this strategy, is unlikely. A merger with another international major would also face significant political and regulatory hurdles. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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