Shell Oil Moving Money Out of Europe into The United States

Aug. 6, 2012 - PRLog -- A report in the newspaper "The Times" confirmed a spokeswoman for the group in London in the core. Total investments are worth to be tested to 15 billion dollars (12.2 billion euros). . What proportion of them will actually be deducted from Europe was still unclear , the "Times," Shell Chief Financial Officer Simon Henry was quoted as saying: "There was a change in thinking in terms of our willingness to take credit risks in Europe. The crisis has affected our willingness to assist us credit. " According to the report the money, especially from southern European countries banks are deducted. Instead of cash reserves on deposit accounts in Europe too, wanted to shell money to the U.S. forward in order to invest about U.S. government bonds or Treasury bills. Shell would not withdraw but his total liquid funds from Europe, but only the reserves. If it were common changes in the investment strategy, said a Shell spokeswoman. shell fights - like all other major private oil companies - currently with falling oil prices because of the worldwide economic growth braked. The group had a slump in the second quarter of earnings, as compared to the same period by 53 percent to 4.1 billion dollars (3.3 billion euros) to accept.
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Oil company responds to crisis €: Shell wants to shift money from Europe to the U.S. - weiter lesen auf FOCUS Online: http://www.focus.de/finanzen/news/wirtschaftsticker/oelko...