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Tuesday, 8 April 2014

April 7, 2014: News Updates

Apologies for the tardiness of TN lately-  We have been incredibly busy here getting ready for the QEG build and setting up the community.... and struggling with internet issues. 

 Ex-ABN Banker Schmittmann, Wife, Daughter Found Dead at Home

By Martijn van der Starre Apr 6, 2014
Former ABN Amro Group NV Netherlands Chief Executive Officer Jan Peter Schmittmann, his wife and a daughter were found dead at their home yesterday after a possible “family tragedy,” Dutch police said.

 Liechtenstein Banker Shot Dead in Reported Investment Feud

By Jan-Henrik Foerster and Carolyn Bandel Apr 7, 2014 9:13 PM GMT+0100
A Liechtenstein banker was shot dead after a feud involving an investment fund, and police said they believe the alleged killer later committed suicide.

 British millionaire jeweller Andrew Bush shot dead at Spanish mansion as police hunt model ex-girlfriend- Apr 07, 2014

Police are hunting the ex-lover of a British millionaire gold dealer who was assassinated at his Spanish mansion.

 ***Banks May Reap $100 Million From Lafarge-Holcim Merger

By Manuel Baigorri and Francois de Beaupuy Apr 7, 2014 1:19 PM GMT+0100
Goldman Sachs Group Inc. (GS), Rothschild and Zaoui & Co. are among banks that may split as much as $100 million in fees for their roles advising on the merger of Holcim Ltd. (HOLN) and Lafarge SA (LG) to create the world’s biggest cement maker.

Euronext Breaks, Again

apr 7 2014

Ealier today, around the time the US market opened sharply lower despite the attempt to send it soaring with the traditional and well-expected USDJPY ramp, the Euronext exchange... broke.

Nigeria Just Doubled The Size Of Its Economy With The Stroke Of A Pen

10 business honchos about to flood Congress with money

By Rick Newman 7 hours ago The Exchange

The Supreme Court’s latest ruling on political contributions is likely to gives rich donors even more sway over national elections, intensifying the troubling influence of money in politics.

The Chinese Ponzi Continues: Property Developers Buy (Piggy) Banks

apr 7 2014
"Whatever it takes," appears to have become the new mantra across global financial systems and with Chinese shadow banks under increasing pressure (as cash-for-commodity deal financing dries up and "hedge" losses mount on 'surprise' Yuan weakness), property developers are increasingly desperate for liquidity. The solution, as The FT reports, Chinese property companies are buying stakes in banks and raising fears that the country’s already stretched developers are trying to cosy up to their lenders. 10 Chinese developers, who have been active in recent bank IPOs, have invested an 'unprecedented' $3bn in their potential lifeline lenders.

Chinese shipyards leave banks holding bag for late projects

Apr 8, 2014
Chinese shipbuilders' refusal to pay refunds on late projects creates legal problems for lenders