Bureau Chief, Indonesia
Sara's Feed
Mar 18, 2011

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]

Mar 17, 2011

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.

Mar 10, 2011

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.

Mar 10, 2011

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.

Mar 7, 2011

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.

Mar 2, 2011

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”.

Mar 2, 2011

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.

Feb 28, 2011

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.

Feb 24, 2011

Spyker to sell sportscar business to focus on Saab

AMSTERDAM (Reuters) – Spyker Cars, the loss-making Dutch sportscar maker which bought much larger Saab last year, said it would sell its original luxury car business to a Russian investor.

The sale could raise 32 million euros and with other planned debt repayments will cut Spyker’s borrowings to 25 million euros, from 92 million euros now, Chief Executive Victor Muller said. That excludes debt owed by Saab itself.

Jan 20, 2011

Dutch Ten Cate eyes Asia, wind energy, autos

AMSTERDAM, Jan 20 (Reuters) – Royal Ten Cate (NTCN.AS: Quote, Profile, Research, Stock Buzz), the
Dutch producer of artificial grass and materials used in the
defence and aerospace industries, said on Thursday it is on the
prowl again for acquisitions and alliances.

Asia is one region ripe for expansion for all of Ten Cate’s
products: it currently accounts for just 10-15 percent of Ten
Cate’s annual sales of about 1 billion euros ($1.35 billion),
but the target is to raise that to 20-30 percent.

    • 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."
    • Follow Sara