Phil's Feed
Apr 22, 2015

EU proposes new GM import approval rules, allowing opt-outs

BRUSSELS (Reuters) – The European Commission proposed on
Wednesday a new law allowing individual EU countries to restrict
or prohibit imported genetically modified crops even after they
have been approved for use in food and feed by the bloc as a
whole.

The proposal risks upsetting trading partners, particularly
the United States, which wants Europe to open its doors fully to
U.S. GM crops as part of a planned EU-U.S. free trade deal.

Apr 22, 2015

EU charges Russia’s Gazprom, alleging price gouging

BRUSSELS (Reuters) – The European Union launched a legal attack on Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz) on Wednesday, stoking tensions with Moscow as it accused the Russian gas giant of overcharging buyers in Eastern Europe and hindering competition.

European Commission antitrust chief Margrethe Vestager said Gazprom was barring EU clients from selling on its gas to other states — a particular concern in recent efforts to aid Ukraine — and pressuring governments to back its pipeline interests.

Apr 22, 2015

Mexico, Vietnam drive Heineken sales at start of year

BRUSSELS, April 22 (Reuters) – Heineken NV, the
world’s third largest brewer, reported stronger than expected
revenue growth in the first quarter on Wednesday, boosted by
sales of Mexican lagers and drinking over the New Year in
Vietnam.

Heineken said consolidated revenue in the Jan-March period
grew by 2.0 percent on a like-for-like basis to 4.34 billion
euros ($4.66 billion), above market expectations.

Apr 1, 2015

Belgium’s Biocartis plans IPO as European biotech interest grows

BRUSSELS, April 1 (Reuters) – Belgian molecular diagnosis
company Biocartis Group is planning a listing on Euronext
Brussels to fund expansion, it said on Wednesday, seeking to
take advantage of growing European interest in the sector.

The company could raise between 70 million euros and 100
million euros ($75 million to $107 million) in an initial public
offering (IPO) provisionally set to launch mid-April, according
to a source familiar with the company’s plans.

Mar 29, 2015

U.S. jobs to add heat to Fed lift-off debate

BRUSSELS (Reuters) – The state of the U.S. labour market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike.

Fed Chair Janet Yellen made it clear on Friday that the U.S. central bank is likely to start raising borrowing costs later this year, adding that continued improvement of the labour market would be an important factor in deciding when to move.

Mar 29, 2015

Global Economy Weekahead – U.S. jobs to add heat to Fed lift-off debate

BRUSSELS (Reuters) – The state of the U.S. labour market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike.

Fed Chair Janet Yellen made it clear on Friday that the U.S. central bank is likely to start raising borrowing costs later this year, adding that continued improvement of the labour market would be an important factor in deciding when to move.

Mar 28, 2015

Fellaini double helps Belgium crush Cyprus

BRUSSELS (Reuters) – Marouane Fellaini struck twice as Belgium moved within three points of Euro 2016 Group B qualifying leaders Wales with a 5-0 thumping of Cyprus on Saturday.

After a win and two draws from their first three matches, Belgium knew the pressure was on to produce a performance befitting a side ranked fourth in the world.

Mar 28, 2015

Soccer-Fellaini double helps Belgium crush Cyprus

BRUSSELS, March 28 (Reuters) – Marouane Fellaini struck twice as Belgium moved within three points of Euro 2016 Group B qualifying leaders Wales with a 5-0 thumping of Cyprus on Saturday.

After a win and two draws from their first three matches, Belgium knew the pressure was on to produce a performance befitting a side ranked fourth in the world.

Mar 25, 2015

EU to impose anti-dumping duties on China, Taiwan stainless steel

BRUSSELS (Reuters) – The European Union will impose punitive anti-dumping duties from Thursday on imports of stainless steel cold-rolled sheet from China and Taiwan, according to a notice on Wednesday in the EU’s Official Journal.

The EU will apply tariffs of about 24-25 percent for imports from China and of about 11-12 percent for Taiwanese product, following a complaint lodged in May 2014 by the European steel producers association, Eurofer.

Mar 6, 2015

Exclusive: EU set to impose duties on Chinese, Taiwan stainless steel

BRUSSELS (Reuters) – The European Union will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission proposal.

The Commission plans to set tariffs of about 25 percent for imports from China and of about 12 percent for Taiwanese product, following a complaint lodged in May 2014 by the European steel producers association, Eurofer.

    • 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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