Phil's Feed
Mar 30, 2014

ECB wrestles with ‘danger zone’ inflation

BRUSSELS (Reuters) – The European Central Bank’s dilemma over barely rising prices seems likely to dominate a week starting with a euro zone inflation estimate and ending with U.S. jobs figures, the monetary policy driver on the other side of the Atlantic.

After more than a month of East-West tensions centered on Russia’s annexation of Crimea, U.S. President Barack Obama and Russia’s Vladimir Putin finally spoke to each other on Friday, suggesting a possible diplomatic path out of crisis.

Mar 14, 2014

EU struggles to convince U.S. to export gas under trade pact

BRUSSELS, March 14 (Reuters) – The European Union has yet to
convince Washington to commit to exporting U.S. gas under a
transatlantic trade deal despite two days of talks on the issue,
highlighting the challenges Europe faces to reduce its reliance
on Russian energy.

Tension between Russia and the West over the future of
Ukraine is spurring the European Union to renew efforts to end
decades of dependence on Russian gas. One solution would be
greater access to abundant U.S. resources.

Feb 26, 2014

AB InBev sees return to growth in Brazil with World Cup boost

BRUSSELS (Reuters) – Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz), the world’s largest brewer, forecast the Brazilian and Mexican beer markets would return to growth this year due to the soccer World Cup and stronger economies, but cautioned about higher input and marketing costs.

The maker of Budweiser, Stella Artois and Corona said the World Cup would boost beer sales by 1 to 2 percentage points in Brazil, its second-largest market which shrank last year due to a wet summer and high inflation that sapped disposable income.

Feb 23, 2014

Euro zone inflation to offer clues on ECB action

BRUSSELS, Feb 23 (Reuters) – Euro zone inflation due on
Friday will be firmly in the sights of financial markets eager
to establish whether the European Central Bank (ECB) has enough
ammunition to ease monetary policy in the following week.

Inflation in the 18-member euro zone unexpectedly slowed to
0.7 percent year-on-year in January, matching a four-year low
set last October and confounding expectations for a rise to 0.9
percent.

Feb 19, 2014

Carlsberg sees higher 2014 profit after strong year end

COPENHAGEN, Feb 19 (Reuters) – Carlsberg forecast
profit growth in the year ahead after strength in western Europe
and Asia offset sluggish sales in Russia to drive earnings
higher than expected in the fourth quarter.

The Danish brewer, the world’s fourth largest, said on
Wednesday its operating profit would grow by a high single-digit
percentage on a like-for-like basis in 2014 after an 11 percent
expansion in 2013.

Feb 16, 2014

Fed to shed light on frozen U.S. economy

BRUSSELS (Reuters) – The Federal Reserve’s stimulus taper and China’s slowdown, twin factors behind this year’s emerging market sell-off, will come firmly into view in the week ahead with minutes from the former and a leading survey on the latter.

After reassuring European growth on Friday and weak U.S. retail sales on Thursday, major data will be in short supply.

Feb 12, 2014

Heineken sees return to revenue growth from emerging markets

BRUSSELS (Reuters) – Heineken (HEIN.AS: Quote, Profile, Research, Stock Buzz), the world’s third-largest brewer, forecast a return to revenue growth this year with higher beer sales in Africa, Asia and Latin America after a slowdown in a number of emerging markets in 2013.

The maker of Dutch maker of Heineken, Europe’s top-selling lager, Sol, tequilla-flavored Desperados and Strongbow cider said on Wednesday that 2013 had been a challenging year with difficulties in eastern Europe, Latin America and Africa.

Feb 7, 2014

ArcelorMittal sees 2014 profit rise as Europe revives

BRUSSELS, Feb 7 (Reuters) – ArcelorMittal, the
world’s largest steelmaker, forecast higher profits this year,
driven by higher steel sales and margins, and an increase in
iron ore production as Europe ended two years of decline.

The company, which makes 6-7 percent of the world’s steel
and is a broad gauge for the health of global manufacturing,
said global steel consumption should increase by between 3.5 and
4 percent in 2014 from about 3.5 percent last year.

Feb 6, 2014

Exclusive – EU ready to lift duties on most U.S. goods for trade pact

BRUSSELS (Reuters) – The European Union will offer to lift tariffs on nearly all goods imported from the United States as part of negotiations towards the world’s largest free-trade deal, people familiar with the proposal have told Reuters.

The offer will be made on Monday, a week ahead of face-to-face talks between EU trade chief Karel De Gucht and his U.S. counterpart Michael Froman in Washington, they said.

Feb 6, 2014

Exclusive: EU ready to lift duties on most U.S. goods to reach trade pact

BRUSSELS (Reuters) – The European Union will offer to lift tariffs on nearly all goods imported from the United States as part of negotiations towards the world’s largest free-trade deal, people familiar with the proposal have told Reuters.

The offer will be made on Monday, a week ahead of face-to-face talks between EU trade chief Karel De Gucht and his U.S. counterpart Michael Froman in Washington.

    • 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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