Phil's Feed
Jun 26, 2014

EU to examine China, Taiwan stainless steel dumping claims

BRUSSELS, June 26 (Reuters) – The European Commission has
launched an investigation into accusations that China and Taiwan
have dumped billions of dollars of stainless steel in Europe, a
decision that could reignite trade tensions with Beijing.

The Commission said on Thursday that a complaint received in
mid-May from EU steel association EUROFER provided evidence that
stainless steel to Europe from Chinese and Taiwanese producers
had been exported at unfairly low prices.

Jun 26, 2014

Solvay confident will seal INEOS venture by year end

BRUSSELS, June 26 (Reuters) – Belgian chemicals group Solvay
SA expressed confidence on Thursday that it could
complete a PVC joint venture with INEOS by the end of the year,
with a number of parties interested in buying assets the pair
are bound to sell.

Solvay and privately held INEOS agreed in May 2013 to form a
venture from which the Belgian group would eventually exit, but
completion of the deal has been delayed by an EU investigation
into its impact on competition.

Jun 17, 2014

U.S. says science should settle farm debates in trade deal with EU

BRUSSELS (Reuters) – A planned EU/U.S. trade deal needs to sweep away “non-scientific barriers” that prevent U.S. farmers from selling many genetically modified crops and some chemically treated meats in Europe, the U.S. agriculture secretary said on Tuesday.

The two sides aim to create the world’s largest free-trade pact, whose advocates say it could boost their economies by $100 billion a year each. But after a year of talks on the Transatlantic Trade and Investment Partnership (TTIP), agriculture is emerging as one of the most difficult areas.

Jun 17, 2014

U.S. says science should settle farm debates in trade deal with EU

BRUSSELS (Reuters) – A planned EU/U.S. trade deal needs to sweep away “non-scientific barriers” that prevent U.S. farmers from selling many genetically modified crops and some chemically treated meats in Europe, the U.S. agriculture secretary said on Tuesday.

The two sides aim to create the world’s largest free-trade pact, whose advocates say it could boost their economies by $100 billion a year each. But after a year of talks on the Transatlantic Trade and Investment Partnership (TTIP), agriculture is emerging as one of the most difficult areas.

Jun 16, 2014

EU to probe China, Taiwan stainless steel imports: industry head

LONDON/BRUSSELS (Reuters) – The European Commission will launch an investigation by the end of this month into alleged dumping of stainless steel into the European Union by Chinese and Taiwanese producers, a leading executive said.

The case could be the first of a number the European steel industry brings in the coming months to counter record exports from the world’s largest steel producer, China. Manufacturers there are boosting output to new highs, despite a domestic slowdown.

Jun 12, 2014

World Cup offers Budweiser maker chance to score market share

BRUSSELS, June 12 (Reuters) – Anheuser-Busch InBev,
the world’s largest beer maker, is relying on the World Cup to
grab market share from rivals and make its top-selling Budweiser
a truly global brand.

The brewer says it has increased its marketing budget by a
“low to mid-teens percentage” this year to sell more beer -
extra spending of between $600 million and $1 billion.

Jun 7, 2014

Belgium coach Wilmots rises from fallback to favorite

BRUSSELS (Reuters) – Few warmed to the idea of inexperienced Marc Wilmots taking charge of Belgium in 2012. Two years later, the football association and fans were begging him to stay.

His status as a player is unquestioned, appearing in three World Cups in 1994, 1998 and 2002, making eight appearances and scoring five goals. He also captained the side in 2002, the last time Belgium appeared at a major championship.

Jun 7, 2014

Soccer-World-Belgium coach Wilmots rises from fallback to favourite

BRUSSELS, June 7 (Reuters) – Few warmed to the idea of inexperienced Marc Wilmots taking charge of Belgium in 2012. Two years later, the football association and fans were begging him to stay.

His status as a player is unquestioned, appearing in three World Cups in 1994, 1998 and 2002, making eight appearances and scoring five goals. He also captained the side in 2002, the last time Belgium appeared at a major championship.

May 25, 2014

Flemish separatists are big winners in Belgian election

BRUSSELS (Reuters) – A party that wants to dissolve Belgium was the chief winner of a parliamentary election on Sunday, setting the scene for months of deadlock before a new government can be formed.

With about 80 percent of votes counted, the opposition N-VA (New Flemish Alliance), had secured a third of the votes from the Dutch-speaking region of Flanders, the economic powerhouse in the north where some 60 percent of Belgians live.

May 23, 2014

Dexia exemption tests Europe’s bank health checks

BRUSSELS/PARIS, May 23 (Reuters) – Dexia’s plan to
shrink and eventually disappear marks it out as so different,
the European Central Bank (ECB) believes, that no other bank can
realistically plead for similar special treatment in upcoming
stress test of the sector.

ECB supervisors agreed on Thursday that Franco-Belgian Dexia
would not have to prove it could withstand a financial crisis in
the Europe-wide stress test, reducing the chances of it needing
further fresh capital, sources familiar with the talks told
Reuters.

    • 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."
    • Follow Phil