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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.

May 13, 2014

Soccer-Januzaj books World Cup ticket with Belgium

BRUSSELS, May 13 (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.

May 9, 2014

ArcelorMittal lowers forecast for global steel demand

BRUSSELS, May 9 (Reuters) – ArcelorMittal, the
world’s largest steelmaker, trimmed its forecast for global
steel use on Friday due to a more pronounced slowdown in China
and a decline in Russia, though it retained optimism about its
core European and U.S. markets.

The company, which makes about 6 percent of the world’s
steel and is a broad gauge for the health of global
manufacturing, said apparent steel consumption, which includes
inventory changes, should increase by between 3.0 and 3.5
percent in 2014.

Apr 30, 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 soccer 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.

Apr 30, 2014

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

BRUSSELS, April 30 (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.

Apr 29, 2014

Belgium should avoid new world record of post-election crisis

BRUSSELS, April 29 (Reuters) – Temuraz Sadoyan has no strong
view on whether Belgium should split, but he is clear about what
he wants from a future federal government after a May 25
election.

“Tax is the number one issue for me. I’m self-employed, but
most of my time I’m effectively working for the state,” said
Sadoyan, who came to Belgium 21 years ago from Georgia and now
lives in Asse, a town in the Dutch-speaking region of Flanders.

Apr 27, 2014

Fed may offer clues on rate timing conundrum

BRUSSELS, April 27 (Reuters) – U.S. policymakers have the
chance this week to give clearer guidance on the future path of
interest rates and settle markets that are uncertain over how
and when a hike would occur.

Global financial markets are still on alert for developments
in Ukraine, with the United States and its G7 partners preparing
tougher sanctions against Russia.

    • 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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