Phil's Feed
May 30, 2013

Energy efficiency drive boosts Recticel’s polyurethane insulation

BRUSSELS, May 30 (Reuters) – Recticel sees
Europe’s insulation market expanding by five to 10 percent each
year and its polyurethane sector growing even faster following
increases in heating costs and the introduction of tighter rules
on energy efficiency for new houses.

Insulation is the smallest of the Belgian foam producer’s
four divisions, but it has posted the fastest growth since 2006,
with annual sales more than doubling in six years.

May 28, 2013
via FaithWorld

Belgian city of Ghent scraps headscarf ban imposed by center-right in 2007

Photo

(Mahinur Ozdemir, the first headscarved woman in a Belgian Assembly, attends a swearing-in ceremony at the Brussels’s Region Parliament in Brussels June 23, 2009. REUTERS/Thierry Roge )

The Belgian city of Ghent has scrapped its ban on civil servants wearing headscarves after its Socialist and Green majority overturned a measure imposed in 2007 when center-right parties dominated the city council.

May 23, 2013

SABMiller sees margin growth after Latam, Africa surges

BRUSSELS, May 23 (Reuters) – SABMiller, the world’s
second-biggest brewer, forecast margin expansion in the year
ahead after profit grew in line with expectations thanks to a
surge in earnings in Latin America and Africa.

The maker of Grolsch, Peroni and Pilsner Urquell, said on
Thursday it expected trading conditions to be broadly unchanged
in the next 12 months, with strong growth in developing markets
and difficulties in Europe and the United States.

May 10, 2013

Cost cuts help ArcelorMittal defy profit warning fears

BRUSSELS (Reuters) – ArcelorMittal (ISPA.AS: Quote, Profile, Research, Stock Buzz), the world’s largest steelmaker, defied fears of a profit warning on Friday and kept its earnings forecast for this year, helped by deep cost cutting in Europe.

Shares in the firm, which makes 6-7 percent of global steel, jumped as much as 7.5 percent after it posted a smaller-than-expected fall in first-quarter core profit and said the cost savings and its mining activities would help earnings improve in the months ahead.

May 8, 2013

Weaker Europe, iron ore price weigh on ArcelorMittal – CEO

LUXEMBOURG, May 8 (Reuters) – The world’s largest steelmaker
ArcelorMittal suffered in the first quarter from “very
weak” demand in Europe and falling iron ore prices, its chief
executive said on Wednesday ahead of results due on Friday.

The company, which makes some 6-7 percent of the world’s
steel, has said it sees global steel consumption up 3 percent
this year, but European demand falling by between 0.5 and 1.5
percent after a 9 percent drop in 2012.

Apr 30, 2013

AB InBev cuts Brazil outlook after weak start to year

BRUSSELS, April 30 (Reuters) – Anheuser-Busch InBev
, the world’s largest brewer, cut its sales forecast for
Brazil, its second-biggest market, in part because rising food
prices are reducing the amount of money that consumers there
have to spend on beer.

Shares in the maker of Budweiser, Stella and Beck’s fell
around 3 percent on Tuesday after it missed first-quarter profit
forecasts and said Brazilian sales volumes were likely to be
flat or down by a low-single-digit percentage this year. It had
previously forecast low-to-mid single digit growth in Brazil.

Apr 24, 2013

Heineken tempers 2013 growth outlook

BRUSSELS, April 24 (Reuters) – Heineken, the
world’s third largest brewer, said austerity-hit Europe and
inflation in Nigeria had lowered its expectations for growth
this year, after its beer sales fell in every region except Asia
in the first three months.

The Dutch brewer, which along with rivals is looking
increasingly to Asia for growth, said on Wednesday that sales
volumes and revenues would grow this year, but probably at rates
lower than in 2012.

Apr 19, 2013

U.S. trade deal seen reaping rapid benefit

DUBLIN (Reuters) – Companies would race to profit from a free trade agreement (FTA) between the European Union and the United States, bringing a near instant boost to both economies, the head of the U.S. Chamber of Commerce said.

“If they made a deal tomorrow, U.S. and European companies are sitting on a boatload of cash and they’d be moving this thing up as fast as they can move,” Thomas Donohue, president of the U.S. Chamber of Commerce, said after a EU-U.S. trade conference in Dublin.

Apr 18, 2013

France threatens to block start of EU/U.S. free trade talks

DUBLIN (Reuters) – France said on Thursday it would block proposed negotiations on a free trade agreement between the European Union and the United States unless cultural sectors, such as television and radio, were excluded from the talks.

Trade ministers held an unprecedented informal meeting in Dublin on Thursday on the negotiations, which the Commission and most member states want to launch by the end of June. The talks are likely to last two years.

Apr 18, 2013

France threatens to block start of EU/U.S. free trade talks

DUBLIN, April 18 (Reuters) – France said on Thursday it
would block proposed negotiations on a free trade agreement
between the European Union and the United States unless cultural
sectors, such as television and radio, were excluded from the
talks.

Trade ministers held an unprecedented informal meeting in
Dublin on Thursday on the negotiations, which the Commission and
most member states want to launch by the end of June. The talks
are likely to last two years.

    • About Phil

      "I am responsible for Reuters news out of Belgium and Luxembourg, which has led to many long nights outside parliament in Brussels awaiting news of fraught coalition talks and state bailouts of Belgian banks. I have previously worked in London, Amsterdam, where my work included consumer electronics group Philips and the Lockerbie trial, and Berlin, where I covered the Hamburg trials of suspected September 11 conspirators."
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