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Sep 29, 2013

Mexican telecoms invader comes up against Dutch fortress

BRUSSELS, Sept 29 (Reuters) – Dutch preference shares, once
a device to share the benefits of a family business, have become
an unbreachable barrier to hostile takeovers in the Netherlands,
most recently forcing Mexico’s America Movil to the
negotiating table.

America Movil, Latin America’s biggest telecoms group,
quickly learned that it could not simply muscle in on its
target, Dutch peer KPN, after a foundation charged with
protecting the group exercised a call option on preference
shares that gave it half the company’s voting rights.

Sep 26, 2013

Belgian museum tells tale of huddled masses steaming to America

ANTWERP, Belgium, Sept 26 (Reuters) – They were the ships
that took Albert Einstein and Irving Berlin to America, two of
the millions who set out from Europe around the turn of the 20th
century hoping to leave behind poverty or persecution.

The steam liners of the Red Star Line, commemorated in a new
museum in their Belgian home port of Antwerp, carried about 2
million migrants across the Atlantic between 1873 and 1934, a
quarter of them Jews, and all seeking a better life.

Sep 20, 2013

EU, Singapore finalise details of far-reaching trade deal

BRUSSELS/SINGAPORE Sept 20 (Reuters) – The European Union
and Singapore have finalised the details of one of the world’s
most comprehensive free trade agreements, a pact the EU sees as
a stepping stone towards a wider deal with booming economies in
Southeast Asia.

The European Union, the world’s largest trading bloc, hopes
the deal will open the door to a deal with other members of the
10-nation Association of Southeast Asian Nations (ASEAN), which
has set a goal of economic integration by 2015.

Sep 20, 2013

EU, Singapore conclude far-reaching trade deal

BRUSSELS/SINGAPORE (Reuters) – The European Union and Singapore submitted for approval on Friday one of the world’s most comprehensive free trade agreements, which the EU sees as a stepping stone towards a wider deal with Southeast Asia.

The European Union envisages it opening the door to a deal with other members of the 10-nation Association of Southeast Asian Nations (ASEAN), which has set a goal of economic integration by 2015.

Sep 12, 2013

KPN, America Movil talk about bid, say result unclear

BRUSSELS (Reuters) – Dutch telecoms company KPN (KPN.AS: Quote, Profile, Research, Stock Buzz) has entered into talks with Mexico’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) over the latter’s 7.2 billion-euro ($9.6 billion) takeover offer, the two sides said on Thursday, although both cautioned the outcome was unclear.

KPN said in a statement its management and supervisory boards were discussing with America Movil the price and conditions of the Mexican group’s bid.

Sep 9, 2013

KPN finance head quits with America Movil bid in limbo

BRUSSELS, Sept 9 (Reuters) – KPN’s chief financial
officer quit unexpectedly on Monday, leaving the Dutch telecoms
group without a key executive as it negotiates with Mexico’s
America Movil, which is proposing a 7.2 billion euro
($9.5 billion) takeover.

Eric Hageman, 43, was just one year into the job. KPN said
he resigned due to personal circumstances, unrelated to working
relationships or the company’s present situation, and added it
would make a further announcement regarding the CFO role “as
soon as possible.”

Sep 6, 2013

Bolt confirms supremacy in Brussels season finale

BRUSSELS (Reuters) – World and Olympic champion Usain Bolt powered away late in the race to destroy his rivals and win the 100 meters in 9.8 seconds at the season-closing Diamond League meeting in Brussels on Friday.

Bolt, who won 100, 200 and 4×100 relay golds at last month’s world championships, was one of several Moscow medalists in action.

Sep 4, 2013

Bolt targets 200 record next year, retirement after Rio

BRUSSELS (Reuters) – Usain Bolt has made breaking his 200metres world record the target for 2014 and reiterated his plan to retire after the 2016 Rio Games having achieved the unthinkable hat-trick of Olympic sprint doubles

“As long as I stay injury free next season you’ll see me attempting a few times to try to break some records,” Bolt told reporters in Brussels ahead of Friday’s season finale Diamond League event where he will race the 100m in a rematch with American Justin Gatlin who he beat into second place in last month’s world championship final.

Aug 21, 2013

Brewers look to Asia, new products to counter sagging European sales

BRUSSELS/COPENHAGEN, Aug 21 (Reuters) – Growth in emerging
markets could not rescue Dutch brewer Heineken and
rival Carlsberg on Wednesday from poor spring weather
and grinding economic recession in much of Europe.

But both forecast strong demand in Asia would ensure
full-year earnings match or go beyond last year’s levels and
Heineken said it would push new products such as Radler, a mix
of lager and lemon juice, to draw back European drinkers.

Jul 31, 2013

AB InBev reassures on Brazil and U.S. with profit jump

BRUSSELS, July 31 (Reuters) – Anheuser-Busch InBev,
the world’s largest beer maker, sold less beer but made more
money than expected in the second quarter as drinkers absorbed
price hikes and traded up to premium lagers.

The maker of Budweiser, Beck’s and Stella Artois reassured
investors on Wednesday with a surge in earnings that showed it
was turning the corner in the United States and Brazil, its two
main markets.

    • 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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