Marcel's Feed
Nov 4, 2010

Five facts about depressed Dutch housing market

AMSTERDAM, Nov 4 (Reuters) – Dutch building group BAM
(BAMN.AS: Quote, Profile, Research, Stock Buzz) took a 127 million euro ($179.6 million) property
write-down citing an increasingly depressed housing market, as
the credit crisis continues to hit building projects and the
readiness of people to take on mortgages. [ID:nLDE6A30IP]

Following are some facts about the Dutch housing market.

WIDER HOME OWNERSHIP

After World War Two, the Netherlands suffered from a big
housing shortage, so the government and housing associations
started massive building projects for rental homes.

Nov 3, 2010

Dutch court rejects request for probe into Airbus A380

AMSTERDAM, Nov 3 (Reuters) – A Dutch commercial court has
rejected a request for a probe into how European planemaker
Airbus’s parent, EADS (EAD.PA: Quote, Profile, Research, Stock Buzz), communicated about the A380
superjumbo project.

The case was brought by two investment funds — Deka
Investment GmbH and Irish Life Investment Managers — who lost
money in EADS’s 26 percent one-day share price fall in June 2006
when it said wiring problems meant worse delivery delays for the
new plane. [ID:nLDE60R0TG]

Oct 29, 2010

Spyker sees further losses, cuts 2010 target

AMSTERDAM, Oct 29 (Reuters) – Spyker (SPYKR.AS: Quote, Profile, Research, Stock Buzz), the
loss-making Dutch sports car maker, which acquired much larger
Saab earlier this year, sees no escape from losses until 2012 as
it ramps up sales of the Swedish premium brand.

Saab’s production was severely disrupted, and its sales
target cut to 30,000-35,000 units, from 45,000 previously,
because it had to rebuild its supplier base after the deal.

Oct 20, 2010

Nexans started cable bid talks with Draka

PARIS, Oct 20 (Reuters) – French cable group Nexans
(NEXS.PA: Quote, Profile, Research, Stock Buzz) has started talks with its bid target Draka (DRAK.AS: Quote, Profile, Research, Stock Buzz)
of the Netherlands, which said it would study the ‘unsolicited,
indicative and non-binding offer’.

A spokesman for Draka declined to call the bid ‘hostile’,
when asked, indicating the group was forced to take the offer
seriously due to the backing of 48.5-percent stakeholder Flint
– a vehicle of the Fentener Van Vlissingen family behind the
coal-to-gas to private equity firm SHV.

Oct 13, 2010

ASML Q3 profit beats consensus, orders fall short

AMSTERDAM, Oct 13 (Reuters) – Dutch chip-equipment maker
ASML (ASML.AS: Quote, Profile, Research) reported a big rise in third-quarter profit after
riding a surge in demand for chip consumption that may soon be
easing after chipmakers ramped up production.

The world’s largest maker of semiconductor lithography
machines — used to put electronic circuits on chips — said on
Wednesday third-quarter net income jumped to 269 million euros
($373 million) compared with 20 million a year earlier.

Oct 13, 2010

ASML Q3 net rises on chip-use surge

AMSTERDAM, Oct 13 (Reuters) – Dutch chip equipment maker
ASML (ASML.AS: Quote, Profile, Research, Stock Buzz) reported a big rise in third-quarter profit after
riding a surge in demand for chip consumption that may soon be
easing after chipmakers ramped up production.

The world’s largest maker of semiconductor lithography
machines — used to put electronic circuits on chips — said on
Wednesday third-quarter net income jumped to 269 million euros
($373 million) compared with 20 million a year earlier.

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 7, 2010

Dutch queen asks Liberal leader to form cabinet

AMSTERDAM, Oct 7 (Reuters) – Dutch Liberal Party leader Mark
Rutte said on Thursday he had been asked by Queen Beatrix to
form a government, ending months of tough negotiations since an
inconclusive election in June.

Rutte will head a centre-right coalition with the Christian
Democrat party, supported in parliament by the anti-Islam
Freedom Party led by Geert Wilders.

Oct 1, 2010

Dutch seen agreeing govt backed by anti-Islam group

AMSTERDAM (Reuters) – Dutch Christian Democrats looked likely on Friday to back the formation of a coalition government that would depend on support of an anti-Islam party whose leader goes on trial next week for stirring racial hatred.

The Liberal and Christian Democrat parties have clinched a deal with the anti-Islam party of Geert Wilders to obtain his backing in parliament for a centre-right minority government, nearly four months after an inconclusive parliamentary election.

Oct 1, 2010
via FaithWorld

Dutch government pact sealed with ban on “burqas” to win Wilders support

Photo

(Photo: A Muslim woman protests against France’s ban on full face veils outside the French Embassy in London September 25, 2010/Luke MacGregor)

Two centre-right parties agreed on Thursday to ban full face veils in the Netherlands as the price for parliamentary support from the anti-Islam Freedom party for their planned minority government.

The Netherlands would become the second European Union country to ban Muslim veils — known collectively as burqas in many European countries — after France, in what many see as a shift to the right which has dented the bloc’s reputation for tolerance and may increase security risks.

    • About Marcel

      "Marcel is a graduate of the University of Amsterdam and joined Reuters in 1986. He was based in the Netherlands, Britain, Switzerland and France while also reporting from China, Japan, U.S., Portugal, Austria, Germany, Belgium, Luxemburg, Spain and Turkey. An amateur chef in the kitchen and chief at work, he keeps fit with Swedish gym (Friskis & Svettis) and relaxes by reading."
      Joined Reuters:
      June 1986
      Languages:
      English, Dutch, French, German, Italian
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