Saab sees normal output after deal with key supplier
STOCKHOLM/AMSTERDAM, April 1 (Reuters) – Swedish car maker
Saab said on Friday that production would soon be back to normal
following a string of stoppages that have caused fresh concern
over the future of the iconic brand.
Saab’s reassurances came even as its Dutch owner, Spyker
(SPYKR.AS: Quote, Profile, Research, Stock Buzz), warned about uncertainties over funding requirements
in its annual report, released on Friday.
Spyker seeks to reassure on Saab finances
STOCKHOLM/AMSTERDAM, March 30 (Reuters) – Netherlands-based
Spyker (SPYKR.AS: Quote, Profile, Research, Stock Buzz) sought to reassure about the finances of its
ailing Swedish car maker Saab on Wednesday after it was forced
to halt output this week while it talked to suppliers over
payments.
The stoppage created fresh uncertainty over Saab, whose
long-serving chief executive unexpectedly announced his
retirement last week. [ID:nLDE72O0BW]
Van Lanschot eyes deals including KBL assets
AMSTERDAM, March 18 (Reuters) – Dutch private bank Van
Lanschot (VLAN.AS: Quote, Profile, Research, Stock Buzz) said on Friday it was looking at acquisitions
and would be interested in buying some assets from
Luxembourg-based KBL European Private Bankers.
Belgian banking and insurance group KBC Groep (KBC.BR: Quote, Profile, Research, Stock Buzz) this
week called off the planned sale of KBL, its private banking
arm, to the Hinduja Group, a 1.35 billion euro ($1.9 billion)
deal announced nearly a year ago.[ID:nWEA8495]
Boskalis seeks salvage work in post-quake Japan
AMSTERDAM, March 17 (Reuters) – Royal Boskalis Westminster
(BOSN.AS: Quote, Profile, Research, Stock Buzz), the world’s largest dredger which reported bumper
profits for 2010 on Thursday, said it is talking to partners in
Japan about possible salvage work following the massive quake.
The Dutch dredging firm warned that given current market
conditions and its project-based business, it did not expect to
match last year’s record result in 2011, although it was more
optimistic about prospects for the next two years as several big
infrastructure projects were expected to come to the market.
Exclusive: ICC prosecutor wants to hear Gaddafi on probe
THE HAGUE (Reuters) – The chief prosecutor of the International Criminal Court, investigating Libyan leader Muammar Gaddafi and his inner circle for possible war crimes, said he would welcome hearing Gaddafi’s version of events as part of his probe.
Luis Moreno-Ocampo, who will advise the U.N. Security Council on May 4 of his progress, told Reuters the Council needed to start thinking now about how it would proceed if the case moves forward, for example how it would go about arresting people if warrants are issued.
ICC prosecutor says want to hear Gaddafi on probe
THE HAGUE (Reuters) – The chief prosecutor of the International Criminal Court, investigating Libyan leader Muammar Gaddafi and his inner circle for possible war crimes, said he would welcome hearing Gaddafi’s version of events as part of his probe.
Luis Moreno-Ocampo, who will advise the U.N. Security Council on May 4 of his progress, told Reuters the Council needed to start thinking now about how it would proceed if the case moves forward, for example how it would go about arresting people if warrants are issued.
ING to repay more Dutch state aid by May 2011
AMSTERDAM, March 7 (Reuters) – Dutch bancassurer ING
(ING.AS: Quote, Profile, Research, Stock Buzz) said on Monday it would repay 2 billion euros of core
Tier 1 securities to the Dutch state ahead of schedule, further
evidence of Dutch financial sector’s recovery from the crisis.
ING (ING.N: Quote, Profile, Research, Stock Buzz) will then have paid 7 billion euros out of a
total of 10 billion euros, leaving it with 3 billion euros which
it intends to repurchase by May 2012.
Banks want calm over high tech traders
LONDON/AMSTERDAM (Reuters) – Europe’s top banks are warning global regulators against curbs on high-frequency trading firms (HFTs), insisting that so-called “market bandits” are vital for efficient markets.
U.S. and European regulators plan next year to introduce new rules to restrict the trading activities of these traders — tech-savvy hedge funds that generate huge volumes of orders — to prevent a repeat of last year’s U.S. “flash crash”.
EU watchdog reviews high-frequency trading
AMSTERDAM (Reuters) – The EU securities watchdog has begun a review of the use of high-frequency trading, given the huge economic impact and risks involved, and will state its position by year-end, the incoming chairman said on Wednesday.
“You need to look at this intelligently. High frequency trading is a very substantial economic activity. We need to look at the pros and cons,” said Steven Maijoor at the Reuters Future Face of Finance Summit.
Pharming’s U.S. Rhucin setback sends shares down
AMSTERDAM, Feb 28 (Reuters) – Dutch biotech firm Pharming
(PHAR.AS: Quote, Profile, Research, Stock Buzz) faced a setback in obtaining approval for its first
product, a drug derived from rabbit milk, in the United States,
which will result in funding delays.
Pharming shares plunged 22 percent at the start of trading
after the biotech firm and its partner Santarus (SNTS.O: Quote, Profile, Research, Stock Buzz) said
they had received a “refusal to file” letter from the U.S. Food
and Drug Administration (FDA) for Rhucin.
