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May 25, 2012

Giant radio telescope gets split location

LONDON/AMSTERDAM, May 25 (Reuters) – The world’s biggest and
most advanced radio telescope, capable of detecting signs of
extraterrestrial life in the far reaches of the universe, will
be located in South Africa, Australia and New Zealand.

The decision to split the location of the $2 billion “Square
Kilometre Array” followed intense lobbying by the two leading
bidders, South Africa one side and a joint bid from Australia
and New Zealand on the other.

May 18, 2012

DSM seeks boost from dietary supplements deal

AMSTERDAM (Reuters) – Dutch food and chemicals firm DSM (DSMN.AS: Quote, Profile, Research, Stock Buzz) is buying the world’s biggest producer of a fish oil extract believed to boost brain power for about 420 million euros ($534 million), as it targets parts of the food sector resistant to economic swings.

DSM, which has sold off much of its cyclical bulk chemicals business in recent years to turn itself into the world’s largest vitamins maker, said on Friday it was buying Ocean Nutrition Canada (ONC) in an all-cash deal.

May 16, 2012

Charles Taylor says West manipulating war crimes courts

THE HAGUE (Reuters) – Former Liberian President Charles Taylor said on Wednesday witnesses had been threatened and paid to testify against him in a trial that found him guilty of crimes against humanity, and described the international court system as a tool of the West.

Taylor – the first head of state to be found guilty by an international tribunal since the Nazi trials at Nuremberg – told the war crimes court in The Hague that Washington had used the case to achieve regime change rather than justice.

May 15, 2012

Taylor to reject call for 80-year sentence

AMSTERDAM (Reuters) – Former Liberian President Charles Taylor will on Wednesday tell judges he bears no responsibility for atrocities during Sierra Leone’s 11-year civil war, rejecting the prosecution’s demand for an 80-year sentence in a maximum-security British jail.

Taylor, convicted last month of aiding and abetting crimes against humanity in Sierra Leone’s conflict, is the first head of state to be found guilty by an international tribunal since the Nazi trials at Nuremberg.

May 14, 2012

Hague prosecutor seeks new warrants for Congo war crimes

AMSTERDAM (Reuters) – The Hague war crimes prosecutor announced new charges on Monday against a Democratic Republic of Congo general accused of conscripting child fighters and an arrest warrant for a militia leader.

Luis Moreno-Ocampo of the International Criminal Court said he has asked for additional charges to be filed against Bosco Ntaganda, who is wanted in The Hague for war crimes, and has requested an arrest warrant for Sylvestre Mudacumura, the leader of FDLR militia operating in the Kivu provinces in the DRC.

May 10, 2012

Morgan Stanley emerges as big KPN investor

AMSTERDAM (Reuters) – Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) has emerged as one of the biggest shareholders in KPN (KPN.AS: Quote, Profile, Research, Stock Buzz), the Dutch telecoms group that Mexican billionaire Carlos Slim has set his sights on as a stepping stone into Europe.

A filing with Dutch financial market regulator AFM shows that Morgan Stanley has the equivalent of 10.01 percent in KPN, ranking behind The Capital Group Companies.

May 8, 2012

KPN says America Movil’s $4.2 billion offer too cheap

AMSTERDAM (Reuters) – Dutch telecom KPN NV hit back at a surprise move by America Movil to raise its stake in the group, saying the Mexican company’s 3.2 billion euro ($4.2 billion) offer was substantially undervalued.

America Movil, controlled by billionaire Carlos Slim, wants to boost its stake to as much as 28 percent as part of a long-term investment strategy that would give it a foothold in Europe after running out of opportunities to expand in Latin America.

May 8, 2012

America Movil offers $4.2 billion for KPN stake

AMSTERDAM (Reuters) – America Movil, the telecoms group controlled by Mexican tycoon Carlos Slim, offered to buy a stake worth up to 3.2 billion euros ($4.2 billion) in Dutch telecoms firm KPN as a base for potential expansion in Europe.

America Movil, which is seeking up to 28 percent of KPN, said it sees the move as a long-term investment that would give it a presence in Europe at a time when the Mexican group has run out of opportunities to expand at home, its chief financial officer said on Tuesday.

May 7, 2012

CSM to focus on natural products after divestments

AMSTERDAM, May 7 (Reuters) – Dutch food ingredients company
CSM has put its bakery supplies unit up for sale to
focus on more profitable food and chemical products based on
natural ingredients such as sugar.

The world’s largest bakery products supplier had come under
pressure to restructure and improve its performance as it was
hit by weak consumer spending in Europe and North America and
soaring prices for ingredients such as wheat and sugar.

May 3, 2012

DSM to buy U.S. biomedical firm Kensey Nash

AMSTERDAM (Reuters) – Dutch food and chemicals group DSM (DSMN.AS: Quote, Profile, Research, Stock Buzz) is buying U.S. medical device-maker Kensey Nash Corp (KNSY.O: Quote, Profile, Research, Stock Buzz) for $360 million to strengthen its biomedical business, leaving it with plenty of cash for more deals.

Kensey Nash’s medical devices and biomaterials are used in cardiology, spinal and general surgery. Its best-known product, AngioSeal, is used by doctors to close punctures made in arteries, for example after using a catheter for angioplasty.

    • About Sara

      "Sara Webb, bureau chief for Indonesia, has lived in Jakarta since 2007. She has worked as a journalist in Asia, Europe and the United States."
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