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Mar 6, 2015

EU set to impose duties on Chinese, Taiwan stainless steel

BRUSSELS, March 6 (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.

Mar 3, 2015

Taxis jam Brussels in protest over possible Uber arrival

BRUSSELS (Reuters) – Hundreds of taxis jammed central Brussels on Tuesday in a protest against the city’s planned reform of the industry that could lead to the legalization of online ride-sharing services such as Uber.

Brussels’ Transport Minister Pascal Smet outlined plans last week for taxi reform in the Belgian capital from the start of 2016, including conditions under which the fast-growing U.S. company Uber could operate.

Mar 1, 2015

ECB braces for QE as others shift rates

BRUSSELS (Reuters) – Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labor market are set to be the focus of an economic week dominated by a host of central bank meetings.

Greece may have secured an extension of its bailout last week, but it remains reliant on emergency funding.

Feb 26, 2015

AB InBev hikes dividend and plans $1 bln share buyback

BRUSSELS, Feb 26 (Reuters) – Anheuser-Busch InBev,
the world’s largest brewer, announced a sharply higher dividend
and a $1-billion share buyback on Thursday.

It also forecast improved beer sales in most of its major

The cash-rich, Belgian-based company proposed a final
dividend of 2.00 euros, bringing its total payout for 2014 to
3.00 euros, from 2.05 euros for 2013. Analysts had on average
been expecting a 2.92 euro total payout.

Feb 23, 2015

EU probes Cargill’s plan to buy ADM chocolate unit

BRUSSELS/CHICAGO, Feb 23 (Reuters) – The European Commission
said on Monday it had opened an in-depth investigation into
Cargill Inc’s planned acquisition of Archer Daniels
Midland Co’s chocolate business, citing concerns the
deal could lead to higher prices.

The EU executive said it had until July 8 to investigate
Cargill’s planned $440 million acquisition, designed to expand
the commodity trader’s production capacity in North America.

Feb 13, 2015

Euro zone economy accelerates thanks to German ‘thunderbolt’

BRUSSELS/BERLIN (Reuters) – Euro zone economic growth accelerated unexpectedly in the final quarter of 2014 as the bloc’s largest member, Germany, expanded at more than twice the expected rate.

A preliminary estimate showed the economy of the 18 countries sharing the euro expanded by 0.3 percent between October and December compared with the previous three months, the European Union’s statistics office Eurostat said on Friday.

Feb 11, 2015

Heineken sees sales, margin growth slowing in 2015

BRUSSELS, Feb 11 (Reuters) – Heineken, the world’s
third-largest brewer, forecast its beer sales and profit margins
would grow by a slower rate in 2015 after a year swelled by
emerging market expansion and the soccer World Cup.

The Dutch brewer, the top seller in Europe with brands such
also including Amstel, benefited from increased beer sales in
Africa, the Americas and Asia. Sales and profits were broadly
flat in western Europe, while eastern Europe was clearly weaker.

Feb 4, 2015

European car sales to grow 2.1 pct in 2015 – carmakers group

BRUSSELS, Feb 4 (Reuters) – European car sales are likely to
rise by 2.1 percent this year, less than half last year’s rate
of growth, the European Automobile Manufacturers Association
(ACEA) said on Wednesday.

Research conducted for ACEA by IHS Automotive envisages new
car registrations increasing most strongly in Italy and Spain,
followed by Germany, Britain and then other southern European
nations, where pent-up demand is greatest.

Feb 3, 2015

ArcelorMittal drops deeper into junk territory with S&P

BRUSSELS, Feb 3 (Reuters) – ArcelorMittal, the
world’s largest steelmaker, dropped deeper into junk territory
on Tuesday after Standard & Poor’s downgraded the company’s debt
due to weaker iron ore prices.

The rating agency said it had lowered its long-term credit
rating on ArcelorMittal to BB from BB+ after revising its
benchmark iron ore price assumptions for 2015 and 2016 to $65
from $85 per tonne, given a well-supplied market.

Feb 1, 2015

Weekahead – Fed’s “solid” growth view faces test as Greek drama unfolds

BRUSSELS (Reuters) – The Federal Reserve’s upgraded view that growth in the world’s biggest economy is “solid”, and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week.

Ructions over Greece’s new anti-austerity government will also continue to grip markets, and could overshadow economic data in the coming days.

    • 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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