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Sep 9, 2013

KPN finance head quits with America Movil bid in limbo

BRUSSELS, Sept 9 (Reuters) – KPN’s chief financial
officer quit unexpectedly on Monday, leaving the Dutch telecoms
group without a key executive as it negotiates with Mexico’s
America Movil, which is proposing a 7.2 billion euro
($9.5 billion) takeover.

Eric Hageman, 43, was just one year into the job. KPN said
he resigned due to personal circumstances, unrelated to working
relationships or the company’s present situation, and added it
would make a further announcement regarding the CFO role “as
soon as possible.”

Sep 6, 2013

Bolt confirms supremacy in Brussels season finale

BRUSSELS (Reuters) – World and Olympic champion Usain Bolt powered away late in the race to destroy his rivals and win the 100 meters in 9.8 seconds at the season-closing Diamond League meeting in Brussels on Friday.

Bolt, who won 100, 200 and 4×100 relay golds at last month’s world championships, was one of several Moscow medalists in action.

Sep 4, 2013

Bolt targets 200 record next year, retirement after Rio

BRUSSELS (Reuters) – Usain Bolt has made breaking his 200metres world record the target for 2014 and reiterated his plan to retire after the 2016 Rio Games having achieved the unthinkable hat-trick of Olympic sprint doubles

“As long as I stay injury free next season you’ll see me attempting a few times to try to break some records,” Bolt told reporters in Brussels ahead of Friday’s season finale Diamond League event where he will race the 100m in a rematch with American Justin Gatlin who he beat into second place in last month’s world championship final.

Aug 21, 2013

Brewers look to Asia, new products to counter sagging European sales

BRUSSELS/COPENHAGEN, Aug 21 (Reuters) – Growth in emerging
markets could not rescue Dutch brewer Heineken and
rival Carlsberg on Wednesday from poor spring weather
and grinding economic recession in much of Europe.

But both forecast strong demand in Asia would ensure
full-year earnings match or go beyond last year’s levels and
Heineken said it would push new products such as Radler, a mix
of lager and lemon juice, to draw back European drinkers.

Jul 31, 2013

AB InBev reassures on Brazil and U.S. with profit jump

BRUSSELS, July 31 (Reuters) – Anheuser-Busch InBev,
the world’s largest beer maker, sold less beer but made more
money than expected in the second quarter as drinkers absorbed
price hikes and traded up to premium lagers.

The maker of Budweiser, Beck’s and Stella Artois reassured
investors on Wednesday with a surge in earnings that showed it
was turning the corner in the United States and Brazil, its two
main markets.

Jul 29, 2013

America Movil may buy KPN after shareholding cap ends

AMSTERDAM/BRUSSELS (Reuters) – Dutch telecom group KPN’s (KPN.AS: Quote, Profile, Research, Stock Buzz) biggest shareholder America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) has ended an agreement to keep its holding below 30 percent, a sign it may bid for the whole company.

Mexican billionaire Carlos Slim’s company, which owns 29.8 percent of KPN, was entitled to end the agreement after Spain’s Telefonica (TEF.MC: Quote, Profile, Research, Stock Buzz) bid 8.1 billion euros ($10.7 billion) for KPN’s German mobile arm E-Plus, KPN said on Monday.

Jul 22, 2013

Mobistar cuts 2013 forecasts, scraps dividend

BRUSSELS, July 22 (Reuters) – Belgian telecoms operator
Mobistar cut its revenue and profit forecasts for
this year and scrapped it dividend after a price war caused
earnings to tumble in the second quarter.

Shares in Mobistar, which is majority-owned by France’s
Orange, fell as much as 31.4 percent to an 11-year low
of 10.82 euros on Monday.

Jul 21, 2013

Belgium subdues divisions for a day to swear in king

BRUSSELS (Reuters) – Belgium swore in Philippe as its new king on Sunday after his father Albert II abdicated, subduing for a day questions about his ability to bring a divided country together and the power of the monarchy.

Philippe, 53, took his oath in Belgium’s three official languages – Dutch, French and German – two-and-a-half weeks after King Albert, 79, announced that he would abdicate after 20 years on the throne.

Jul 21, 2013

Belgium lays aside divisions for a day to swear in king

BRUSSELS (Reuters) – Belgium swore in Philippe as its new king on Sunday after his father Albert II abdicated, largely setting aside for one day questions about his ability to bring a divided country together.

Philippe’s investiture came two-and-a-half weeks after King Albert, 79, announced he would abdicate after 20 years on the throne to make way for the 53-year-old crown prince.

Jul 21, 2013

Divided Belgium to swear in new king

BRUSSELS (Reuters) – Belgium will swear in a new king on Sunday with festivities but also questions over the political influence of the monarch and the acceptance of Philippe as the king of all Belgians.

The 183-year-old country is split across the middle, with many Dutch speakers seeking greater independence for Flanders in the north and wary of a monarchy seen rooted in the once powerful, but now poorer French-speaking Wallonia in the south.

    • 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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