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Oct 22, 2010

Cargo ship, Dutch passenger ferry collide in canal

AMSTERDAM (Reuters) – A small Dutch passenger ferry capsized Friday after a collision with a German cargo ship in a busy shipping canal south of Amsterdam and emergency services were searching for survivors.

The ferry was floating upside down after the accident but it was not immediately clear how many people, if any, were aboard the vessel, which is normally used by commuters, sometimes with their bicycles. The ferry’s captain was missing.

Oct 21, 2010

AkzoNobel Q3 core profit misses; keeps caution

AMSTERDAM, Oct 21 (Reuters) – Dutch chemical group AkzoNobel
(AKZO.AS: Quote, Profile, Research, Stock Buzz) said it was cautious over housing and construction in
mature markets as it pinned its hopes on emerging markets after
posting a lower-than-expected rise in quarterly core profit.

The maker of coatings for laptops, mobile phones, houses,
planes and ships said building markets, especially in developed
markets, remain soft but evidence of sustained industrial demand
beyond re-stocking gave reason for cautious optimism.

Oct 18, 2010

Philips cautious on sales as cost cuts lift Q3

AMSTERDAM, Oct 18 (Reuters) – Philips Electronics
(PHG.AS: Quote, Profile, Research, Stock Buzz)(PHG.N: Quote, Profile, Research, Stock Buzz) said on Monday it was cautious about sales
growth as consumer confidence remained fragile, after
third-quarter operating profit beat forecasts on cost cuts.

The world’s biggest lighting maker reported earnings before
interest, tax and amortisation (EBITA) of 648 million euros,
compared with the average forecast of 535 million from a Reuters
poll of 15 analysts.

Oct 15, 2010

Dutch prosecutors seek acquittal of anti-Islam MP

AMSTERDAM (Reuters) – Prosecutors asked a Dutch court on Friday to acquit anti-immigration lawmaker Geert Wilders of charges of inciting hatred and discrimination against Muslims.

The new Dutch minority government, made up of the Liberals and Christian Democrats which took office on Thursday, is reliant on support from Wilders’ anti-Islam Freedom Party.

Oct 14, 2010

Dutch government sworn in, lacks reform mandate

AMSTERDAM (Reuters) – A minority Dutch government relying on support from an anti-Islam party was sworn in on Thursday with the main task of cutting the budget deficit but without a mandate for sweeping market reforms.

Prime Minister Mark Rutte’s austerity-minded Liberals (VVD) only narrowly won June’s election, forcing him to seek support in parliament from the anti-immigration Freedom Party (PVV) to push through the budget cuts planned by the minority cabinet with the Christian Democrats CDA.

Oct 12, 2010

Dutch prosecutor seeks one Wilders’ charge dropped

AMSTERDAM (Reuters) – Dutch prosecutors Tuesday asked a court trying anti-immigration politician Geert Wilders, the kingmaker in moves to form a new coalition government, to drop a charge that he insulted Muslims as a group.

Wilders will still face charges of inciting hatred and discrimination against Muslims even if the court agrees to drop the charge that he insulted Muslims by comparing the Islamic faith to Nazism.

Oct 12, 2010

Tanker leaks jet fuel after North Sea collision

AMSTERDAM (Reuters) – A Greek tanker carrying jet fuel and a Cypriot container ship collided some 30 km off the Dutch coast at Scheveningen leaking highly flammable kerosene into the sea, the Dutch coast guard said on Tuesday.

Peter van Oorschot, a spokesman for the Dutch Coast Guard, told Reuters the tanker Mindoro had leaked jet fuel from a five-by-six meter hole just above the water line.

Oct 11, 2010

Rwandan rebel arrested for Congo rapes, killings

AMSTERDAM (Reuters) – French authorities have arrested a Rwandan accused of leading a rebel group that carried out mass rapes and killings in the Democratic Republic of Congo, the International Criminal Court prosecutor said on Monday.

Callixte Mbarushimana, 47, described as a senior leader of the group FDLR, was held after a sealed arrest warrant was issued on September 28 alleging the rebel group was involved in rapes, killings and destruction in DRC’s Kivu provinces.

Oct 7, 2010

Key shareholder urges Crucell to drop J&J offer

AMSTERDAM, Oct 7 (Reuters) – Key Crucell (CRCL.AS: Quote, Profile, Research, Stock Buzz)
shareholder Van Herk on Thursday urged the Dutch biotech to
withdraw its support for Johnson & Johnson’s (JNJ.N: Quote, Profile, Research, Stock Buzz) $2.5
billion takeover bid, adding its weight to opposition to the
deal.

Crucell said on Wednesday it would recommend the U.S.
healthcare company’s unchanged cash offer of 24.75 euros per
share, brushing aside objections from a small minority of
sharholders that the price was too low. [ID:nLDE695056]

Oct 7, 2010

Crucell rejects calls for quick EGM over J&J bid

AMSTERDAM (Reuters) – Dutch biotech Crucell on Thursday rebuffed a request from investors to quickly hold a meeting over a takeover bid by Johnson & Johnson, citing a lack of documentation and hardening its resolve against shareholder criticism of the offer price.

Crucell said on Wednesday it would recommend U.S. healthcare company Johnson & Johnson’s cash offer of 24.75 euros per share, or 1.75 billion euros ($2.5 billion) — unchanged since first revealed on September 17 — despite criticism from shareholders about the price.

    • About Aaron

      "Aaron specialises in the chemical and biotech sectors in the Netherlands alongside daily equities and general news reporting duties. He also covers the international criminal courts from The Hague. He began his career as a newspaper reporter and sub-editor in Australia in 1994. He has lived in the Netherlands since March 2000."
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