Aaron's Feed
Oct 24, 2011

Saab still talking to Chinese after rejecting bid

STOCKHOLM/AMSTERDAM, Oct 24 (Reuters) – The owner of
troubled Swedish carmaker Saab is still talking to would-be
Chinese buyers, hours after scrapping their planned cash
lifeline and days after spurning their total buyout bid.

Saab owner Swedish Automobile said late on Sunday
it was cancelling a planned 245 million euro ($340 million)
investment deal signed in June, under which Zhejiang Youngman
Lotus Automobile Co and Pang Da Automobile Trade Co
would have taken a majority stake in Saab, as they had failed to
confirm their commitments.

Oct 22, 2011

Dutch PM under fire over euro zone bailout

AMSTERDAM (Reuters) – Dutch opposition parties took aim at Prime Minister Mark Rutte on Saturday, demanding the minority coalition government secure a definitive and sustainable solution to Europe’s debt crisis or risk a loss of parliamentary support.

The minority coalition government of Liberals and Christian Democrats needs the support of the pro-European opposition for any measures to solve the debt crisis because its main ally, the eurosceptic Freedom Party, is firmly opposed to bailouts.

Oct 21, 2011

AMT gene therapy rejected again in EU, shares dive

LONDON/AMSTERDAM, Oct 21 (Reuters) – Amsterdam Molecular
Therapeutics’ novel gene therapy drug Glybera has
again been rejected by European regulators, underscoring the
difficulty of getting gene-based treatments to market.

Shares in the Dutch biotech company plunged 55 percent on
the news on Friday.

Glybera is designed for patients with a rare genetic
disorder called lipoprotein lipase deficiency (LPLD), whom AMT
Chief Executive Jorn Aldag said would now be left without a
viable treatment.

Oct 20, 2011

AkzoNobel to cut more costs as China demand eases

AMSTERDAM, Oct 20 (Reuters) – Dutch chemicals group
AkzoNobel NV abandoned its 2011 core profit guidance
and said it would cut 500 million euros ($690 million) of costs,
in a bid to offset higher raw material prices and as softening
demand spread to China.

The world’s largest paint maker, whose brands include Dulux,
Glidden and Flexa, cut costs by about 700 million euros during
the financial crisis, but has battled this year to offset higher
costs with product price rises and as demand stayed weak in
European and U.S. construction markets.

Oct 20, 2011

Nutreco hunts deals as it keeps 2011 outlook

AMSTERDAM, Oct 20 (Reuters) – Dutch food group Nutreco
is sticking to its full-year forecasts after
successfully passing on higher costs in the third quarter and
said it was on the lookout for acquisitions.

Nutreco, which produces animal and fish feed and is a major
poultry processor, said 11.7 percent of its 14.6 percent rise in
third-quarter sales was due to higher selling prices as it
passed on rising costs to farmers for crops such as grain, corn
and soya bean. It said it was also benefiting from strong sales
at its fish feed business.

Oct 20, 2011

Nutreco keeps 2011 outlook, Q3 sales rise

AMSTERDAM, Oct 20 (Reuters) – Dutch food group Nutreco
reported on Thursday a 15 percent rise in third
quarter sales as the group successfully passed on higher grain
prices to farmers and kept its full-year outlook.

Nutreco, which produces animal and fish feed and is a major
poultry processor, has consistently been able to pass on higher
costs for crops such as grain, corn and soya bean and is also
benefiting from strong sales at its fish feed business.

Oct 19, 2011

Second generation biofuel on cusp of breakthough: DSM

AMSTERDAM (Reuters) – Dutch life sciences group DSM said the development of second-generation biofuels is nearing a major breakthrough with commercial production just a couple of years away that could open up a market worth $5 billion a year.

Second-generation biofuels are increasingly being seen as a preferred alternative to first-generation fuels, which drew criticism after sparking food inflation because they are made from food crops such as maize, sugar cane and rapeseed.

Oct 13, 2011

Mladic to have one war crimes trials, not two

AMSTERDAM (Reuters) – The Yugoslavia war crimes court said it would hold just one trial for genocide suspect Ratko Mladic, rejecting a prosecution request for two separate trials to speed up proceedings because of his ill health.

Former Bosnian Serb military chief Mladic, arrested in May and transferred to The Hague after 16 years on the run, is accused of orchestrating the genocide of 8,000 Muslim men and boys in Srebrenica in 1995 and the 43-month siege of Sarajevo in which 10,000 people were killed.

Oct 13, 2011

China’s Youngman comes up with vital cash for Saab

STOCKHOLM/AMSTERDAM, Oct 13 (Reuters) – Chinese car maker
Zhejiang Youngman Lotus Automobile Co. gave ailing Saab a new
injection of cash, Saab said on Thursday, keeping alive the
Swedish car maker’s hopes of survival.

The money is part of a 70 million euros ($97 million) loan
planned by Youngman that is intended to see Saab through a
period of creditor protection until Chinese authorities approve
a bigger investment by Youngman and China’s Pangda .

Oct 6, 2011

Dutch approve euro rescue fund expansion

THE HAGUE (Reuters) – The Dutch parliament approved extending the powers of the euro zone’s rescue fund in a crucial vote on Thursday, leaving Slovakia and Malta as the last two euro zone members whose legislatures have yet to approve the scheme.

The vote in favor of widening the role of the European Financial Stability Facility (EFSF), as agreed by European leaders in July, is considered an essential move for stabilizing financial markets.

    • 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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