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Nov 9, 2011

Price hikes spell AB InBev Q3 hit, Carlsberg miss

BRUSSELS/COPENHAGEN, Nov 9 (Reuters) – Anheuser-Busch InBev
and Carlsberg showed sharply contrasting
fortunes in the third quarter, the former persuading U.S. and
Brazilian drinkers to swallow higher prices and the latter still
suffering a tax-hike hangover in Russia.

AB InBev, the world’s biggest brewer and maker of Budweiser,
Stella Artois and Beck’s persuaded increasingly affluent
Brazilians to drink higher priced beer and U.S. drinkers to
stick with or shift to premium brands despite an economic
slowdown.

Nov 9, 2011

Brazil shine, Russia gloom in focus for brewers

BRUSSELS/COPENHAGEN, Nov 9 (Reuters) – Brewers
Anheuser-Busch InBev and Carlsberg are set
to show widely differing fortunes on Wednesday, with the former
profiting from a continuing boom in Brazil and the latter
suffering in Russia.

AB InBev, maker of Budweiser and Stella Artois, is expected
to report increased earnings for the third quarter as the
world’s largest brewer persuades Brazilians to pay more for
their beer and pushes through cost savings in the United States
and Western Europe.

Nov 3, 2011

ArcelorMittal says steel demand dip deepening

BRUSSELS (Reuters) – ArcelorMittal SA, the world’s largest steelmaker, said a summer dip in demand is deepening into a second-half slump, with even lower steel shipments and prices in the fourth quarter than the third leading it to scrap some investment plans.

ArcelorMittal, which makes between 6 and 7 percent of global steel, said on Thursday customers were increasingly cautious due to economic uncertainties, such as the risk of recession in developed markets and policy tightening in China leading to slower growth.

Nov 3, 2011

ArcelorMittal EBITDA falls 29 pct, sees slump extending

BRUSSELS (Reuters) – ArcelorMittal SA, the world’s largest steelmaker, said on Thursday a summer dip is deepening into a second-half slump, with even lower steel shipments expected in the fourth quarter than the third and some investments scrapped.

ArcelorMittal, which makes between 6 and 7 percent of global steel, said customers were increasingly cautious due to economic uncertainties, such as the risk of recession in developed markets and policy tightening, leading to slower growth, in China.

Nov 3, 2011

ArcelorMittal sees slump extending into year end

BRUSSELS, Nov 3 (Reuters) – ArcelorMittal SA , the
world’s largest steelmaker, said on Thursday a summer dip is
deepening into a second-half slump, with even lower steel
shipments expected in the fourth quarter than the third and some
investments scrapped.

ArcelorMittal, which makes between 6 and 7 percent of global
steel, said customers were increasingly cautious due to economic
uncertainties, such as the risk of recession in developed
markets and policy tightening, leading to slower growth, in
China.

Nov 1, 2011

Not so Cristal clear for Chelsea after Genk draw

GENK, Belgium (Reuters) – Chelsea threw two precious Champions League points away on Tuesday, missing a penalty and producing a lacklustre performance as they allowed Racing Genk to pull back from a goal down to draw 1-1.

Group E leaders Chelsea now have eight points from four matches, two ahead of Bayer Leverkusen who lost 3-1 at Valencia (five points). Genk are bottom with two.

Nov 1, 2011

Soccer-Not so Cristal clear for Chelsea after Genk draw

GENK, Belgium, Nov 1 (Reuters) – Chelsea threw two precious
Champions League points away on Tuesday, missing a penalty and
producing a lacklustre performance as they allowed Racing Genk
to pull back from a goal down to draw 1-1.

Group E leaders Chelsea now have eight points from four
matches, two ahead of Bayer Leverkusen who lost 3-1 at Valencia
(five points). Genk are bottom with two.

Oct 26, 2011

Heineken surprises by selling more beer in Q3

BRUSSELS, Oct 26 (Reuters) – Heineken NV , the
world’s third-largest brewer, sold more beer at higher prices in
the third quarter than a year earlier helped by stronger African
markets and a rebound in Russia to report surprise increases in
volumes and revenue.

Heineken shares rose as much as 4.1 percent to a two-month
high of 36.90 euros in early trading and were 1.3 percent higher
at 0850 GMT. The STOXX European food and beverage index
was up 0.1 percent.

Oct 24, 2011

Central bankers want clearing wind-down plans

BRUSSELS, Oct 24 (Reuters) – The world’s clearing houses
need effective regimes to wind them down when they go bust to
avoid mayhem on financial markets, two European central bankers
said on Monday.

Clearing houses, such as LCH.Clearnet, Eurex Clearing and ICE have become a focus for regulators
since the financial crisis in a bid to curb risks and improve
transparency in markets.

Oct 20, 2011

Dexia clears way for full dismantlement

BRUSSELS, Oct 20 (Reuters) – Bailed-out financial group
Dexia cleared the way for its full dismantlement on
Thursday, with final board clearance for the nationalisation of
its Belgian banking business and details of the sale of its
French public financing arm.

Dexia was rescued by France, Belgium and Luxembourg this
month, receiving 90 billion euros ($124 billion) of state
guarantees and accepting that Belgium would take over its
operations there for 4 billion euros.

    • 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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