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Jun 25, 2012

Modelo says in talks with Anheuser-Busch InBev

BRUSSELS/LONDON, June 25 (Reuters) – The combination of
Mexico’s growing beer market, big cost savings and control of
Corona beer exports have sparked Anheuser-Busch InBev’s
interest in a buyout of Grupo Modelo, but the
Mexican brewer sounded cautious on Monday.

Family-controlled Modelo confirmed Monday it was in talks
about expanding a relationship with the Belgian brewing giant,
but said in a statement it would be premature to speculate on
any outcome of the talks.

Jun 25, 2012

Corona beer draws AB InBev to Modelo deal

BRUSSELS/LONDON (Reuters) – Mexico’s growing beer market, big cost savings and control of Corona beer exports have attracted Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz) towards a $15 billion buy out of Grupo Modelo (GMODELOC.MX: Quote, Profile, Research, Stock Buzz), sources said on Monday.

The deal would give AB InBev, the world’s largest brewer access to 2-3 percent annual growth in the Mexican market, make at least $250 million of synergies and win distribution rights to Corona, the largest U.S. imported beer brand.

Jun 21, 2012

Insight: Belgium, France risk billions on penny stock Dexia

BRUSSELS (Reuters) – With tens of billions of euros lent to the public sector in Spain and Italy, bailed-out lender Dexia may be dead as an investment but as a threat to the budgets of guarantors Belgium and France, it is very much alive.

Dexia, the first bank to require a rescue during the euro zone crisis, risks becoming a prime example of contagion from the troubled countries on the region’s southern periphery to the more stable ones at its northern core.

Jun 21, 2012

Belgium, France risk billions on penny stock Dexia

BRUSSELS, June 21 (Reuters) – With tens of billions of euros
lent to the public sector in Spain and Italy, bailed-out lender
Dexia may be dead as an investment but as a threat to
the budgets of guarantors Belgium and France, it is very much
alive.

Dexia, the first bank to require a rescue during the euro
zone crisis, risks becoming a prime example of contagion from
the troubled countries on the region’s southern periphery to the
more stable ones at its northern core.

Jun 15, 2012

Rare remains of soldier found at Waterloo

WATERLOO, Belgium (Reuters) – The skeleton of a soldier, probably British and with the initials C.B., has surfaced two centuries after he was shot in the chest during the Battle of Waterloo, in a find unrivalled in more than a century.

C.B. might have remained a few hundred meters (yards) behind the British and allied front line beside a field of wheat for centuries more, were it not for plans to build a car park in time for the 200th anniversary of the battle in 2015.

Jun 8, 2012

Toxic Poland shirt should be banned: consumer group

BRUSSELS (Reuters) – Poland’s official Euro 2012 soccer shirt contains toxins and should be banned from sale while jerseys of other teams at the finals also contain harmful substances, the European Consumer’s Organisation (BEUC) said.

The organization, which groups together consumer rights bodies across Europe, said its members tested nine shirts of teams competing at Euro 2012 and found they all contained toxic elements including lead and nickel.

Jun 8, 2012

Soccer-Toxic Poland shirt should be banned-consumer group

BRUSSELS, June 8 (Reuters) – Poland’s official Euro 2012
soccer shirt contains toxins and should be banned from sale
while jerseys of other teams at the finals also contain harmful
substances, the European Consumer’s Organisation (BEUC) said.

The organisation, which groups together consumer rights
bodies across Europe, said its members tested nine shirts of
teams competing at Euro 2012 and found they all contained toxic
elements including lead and nickel.

Jun 8, 2012

Toxic Poland shirt should be banned, says consumer group

BRUSSELS (Reuters) – Poland’s official Euro 2012 soccer shirt contains toxins and should be banned from sale while jerseys of other teams at the finals also contain harmful substances, the European Consumer’s Organisation (BEUC) said.

The organisation, which groups together consumer rights bodies across Europe, said its members tested nine shirts of teams competing at Euro 2012 and found they all contained toxic elements including lead and nickel.

Jun 8, 2012

Soccer-Toxic Poland shirt should be banned, says consumer group

BRUSSELS, June 8 (Reuters) – Poland’s official Euro 2012
soccer shirt contains toxins and should be banned from sale
while jerseys of other teams at the finals also contain harmful
substances, the European Consumer’s Organisation (BEUC) said.

The organisation, which groups together consumer rights
bodies across Europe, said its members tested nine shirts of
teams competing at Euro 2012 and found they all contained toxic
elements including lead and nickel.

May 31, 2012

EU voices concern over Dexia aid and break-up plan

BRUSSELS, May 31 (Reuters) – The European Commission
expressed doubt about whether Dexia SA’s plan to
receive state guarantees at minimal cost was compatible with
state aid rules, as it prolonged its study of the bailed-out
group’s aid and break-up proposals.

France, Belgium and Luxembourg have provided guarantees of
up to 45 billion euros ($55.77 billion) to cover Dexia’s funding
since it became the first banking victim of the euro zone debt
crisis in October.

    • 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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