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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.

May 22, 2014

Belgium, EU near end to talks on Dexia, may avert new bailout -sources

DUBLIN/BRUSSELS, May 22 (Reuters) – Belgian officials could
soon conclude talks with EU and euro zone financial regulators
that might see France and Belgium avoid having to pour more
public money into crippled bank Dexia if it fails an EU stress
test on its balance sheet.

Sources familiar with the process told Reuters that talks on
“special treatment” in the tests for publicly owned
Franco-Belgian Dexia have intensified and are nearing their end.
One said EU negotiators had already made unspecified
concessions.

May 16, 2014

ABN AMRO hits targets to boost flotation prospects

BRUSSELS, May 16 (Reuters) – Dutch state-owned bank ABN AMRO
hit its key financial targets in the first quarter,
giving a boost to its plans for a stock market return six years
after it was bailed out in the financial crisis.

A flotation would mark a turning point in the fortunes of
the bank and of the domestic economy, as well as removing the
bank from the hands of a government with no interest in owning a
major bank in the long term.

May 15, 2014

ArcelorMittal opposes Western sanctions against Russia

BRUSSELS (Reuters) – ArcelorMittal, the world’s largest steelmaker, said on Thursday it was lobbying the European Union not to intensify sanctions against Russia over its actions in neighboring Ukraine.

The West has to date focused on individuals and a handful of companies in protest over Russia’s annexation of Ukraine’s Crimean peninsular, but has threatened to target key sectors such as mining and gas if the Kremlin disrupts Ukrainian elections later this month.

May 13, 2014

Januzaj books World Cup ticket with Belgium

BRUSSELS (Reuters) – Manchester United winger Adnan Januzaj will travel with Belgium to the World Cup after being named as one of two teenage newcomers in the squad on Tuesday.

Coach Marc Wilmots had been expected to name a preliminary group of 26 ahead of the tournament beginning in Brazil next month, but surprisingly made a final selection with the only uncertainty concerning the fitness of the third goalkeeper.

    • 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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