Aaron's Feed
May 2, 2011

At record levels, chemicals M&A fever to spread

AMSTERDAM, May xx (Reuters) – Hunger for deals after the credit crisis has lead to a record start to chemicals sector acquisitions this year and bankers say the consolidation will continue as firms seek higher margins and diversified markets.

The value of chemical sector M&A pushed above $30 billion with Solvay’s (SOLB.BR: Quote, Profile, Research, Stock Buzz) agreed buy-out of French group Rhodia (RHA.PA: Quote, Profile, Research, Stock Buzz) in April, a record start to any year, before DuPont (DD.N: Quote, Profile, Research, Stock Buzz) raised its bid for Denmark’s Danisco (DCO.CO: Quote, Profile, Research, Stock Buzz) on Friday.

Apr 27, 2011

DSM upbeat on 2011 as price hikes boost 1st quarter

AMSTERDAM, April 27 (Reuters) – Royal DSM NV (DSMN.AS: Quote, Profile, Research, Stock Buzz), the
world’s biggest vitamins maker, beat earnings forecasts on
Wednesday and was upbeat on its ability to protect margins from
rising raw material costs, sending its shares to an all-time
high.

The Dutch group posted a 27 percent jump in earnings before
interest and tax (EBIT) from continuing operations to 231
million euros ($337.8 million), exceeding even the highest
forecast of 196 million in a Reuters poll of analysts.

Apr 26, 2011

Spyker flags doubts over quick Saab cash injection

AMSTERDAM/STOCKHOLM, April 26 (Reuters) – Dutch car maker
Spyker Cars (SPYKR.AS: Quote, Profile, Research, Stock Buzz) raised doubts over whether it could
quickly agree a cash injection for its Swedish brand Saab, ahead
of talks on Tuesday with the European Investment Bank (EIB).

Production at Saab has been halted for more than two weeks
after it failed to pay suppliers’ bills, sparking questions over
the carmaker’s future if the shutdown continues for much longer.
[ID:nLDE73B0]

Apr 21, 2011

AkzoNobel Q1 core profit up 10 pct on price hikes

AMSTERDAM, April 21 (Reuters) – Dutch chemical group
AkzoNobel (AKZO.AS: Quote, Profile, Research, Stock Buzz) reported a strong start to 2011, reporting a
10 percent rise in first-quarter core profit as it raised prices
and cut costs to offset higher raw materials expenses.

The world’s biggest paint company had earnings before
interest, tax, depreciation and amortisation (EBITDA) excluding
one-offs of 437 million euros, compared with the average
forecast of 416 million from a Reuters poll of eight analysts.

Apr 14, 2011

ICC budget “under pressure” to fund Libya probe

THE HAGUE (Reuters) – The International Criminal Court’s budget has come under pressure after being given Libya’s file by the U.N. Security Council, but a contingency fund could help pay for investigations if needed, its president said.

Moving with unprecedented swiftness, the ICC prosecutor started a probe into the killing of civilian protesters in Libya after the Security Council referral in February and is expected to request the issue of arrest warrants next month.

Apr 14, 2011

Iraq close to recognizing Kuwait’s borders: U.N. envoy

THE HAGUE (Reuters) – Iraq’s government could soon recognize Kuwait’s borders and end two decades of U.N. sanctions imposed after former leader Saddam Hussein’s 1990 invasion of its smaller neighbor, a U.N. special envoy said.

Despite the toppling of Saddam in 2003, the United Nations has not fully lifted sanctions imposed after Iraq’s invasion of Kuwait, which prompted the 1991 U.S.-led Gulf War.

Apr 8, 2011

Kenyan minister, two others face Hague court

THE HAGUE (Reuters) – Kenyan Finance Minister Uhuru Kenyatta and two other top-ranking officials appeared at the International Criminal Court on Friday charged with inciting the violence that erupted after Kenya’s 2007 disputed elections.

The country’s Cabinet Secretary Francis Muthaura and former police chief Hussein Ali, currently head of Kenya’s Postal Corporation, also appeared under summons as part of the war crime court’s investigation into the violence.

Apr 7, 2011

Kenyan leaders appear at Hague court over killings

THE HAGUE (Reuters) – Three Kenyans appeared at the International Criminal Court Thursday, denying they had any connection with unrest in which 1,200 people were killed after disputed elections in 2007.

Suspended government ministers William Ruto and Henry Kosgey and radio executive Joshua Arap Sang attended the court to hear charges of crimes against humanity, including murder, forcible transfer and persecution.

Apr 5, 2011

Gaddafi pre-planned attacks on civilians – prosecutor

THE HAGUE (Reuters) – The International Criminal Court prosecutor said on Tuesday Libyan authorities had decided they were ready to kill unarmed protestors opposed to Muammar Gaddafi’s rule even before unrest spread from Tunisia and Egypt.

ICC prosecutor Luis Moreno-Ocampo said the plan, which the government of Gaddafi began developing in January, authorised the use of tear gas and, if necessary, killings.

Apr 5, 2011

Exclusive: Gaddafi pre-planned attacks on civilians: prosecutor

THE HAGUE (Reuters) – The International Criminal Court prosecutor said on Tuesday Libyan authorities had decided they were ready to kill unarmed protestors opposed to Muammar Gaddafi’s rule even before unrest spread from Tunisia and Egypt.

ICC prosecutor Luis Moreno-Ocampo said the plan, which the government of Gaddafi began developing in January, authorized the use of tear gas and, if necessary, killings.

    • 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."
    • Follow Aaron