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Aug 14, 2013

KPN foundation flags concerns over Carlos Slim bid

AMSTERDAM/BRUSSELS, Aug 14 (Reuters) – An independent
foundation that can block a takeover of Dutch telecoms group KPN
has expressed concern over the proposed 7.2 billion
euro ($9.6 billion) bid by Mexican billionaire Carlos Slim’s
America Movil.

America Movil (AMX) said on Friday it wanted to buy the 70
percent of KPN that it does not already own, in a challenge to
its Spanish arch-rival Telefonica which last month
offered to buy KPN’s German business E-Plus – its crown jewel -
for $11 billion.

Aug 7, 2013

ING eyes more cost cuts as bank profit tops forecast

AMSTERDAM, Aug 7 (Reuters) – Dutch financial group ING
beat second-quarter profit forecasts at its main
banking business and said it was looking at further possible
cost savings as it continues to slim down in a drive to recover
from the financial crisis.

ING shares rose nearly 4 percent to 8.17 euros in early
Wednesday trading, their highest since 2011.

Jul 25, 2013

Reed Elsevier lifts share buyback after profits rise

AMSTERDAM, July 25 (Reuters) – Anglo-Dutch information group
Reed Elsevier increased its share buyback
programme and announced a bigger than expected interim dividend
on Thursday as it continues to expand its electronic publishing
and professional events businesses at a faster pace than print
revenues decline.

Shares in Reed, which competes with Thomson Reuters
and Dutch publisher Wolters Kluwer NV, were up 3
percent in London at 826 pence by 1032 GMT while the
Amsterdam-listed shares were up 2.6 percent at 14.06 euros.

Jul 23, 2013

Fiat-Chrysler group could be based in the Netherlands: CEO

AMSTERDAM (Reuters) – Carmaker Fiat-Chrysler (FIA.MI: Quote, Profile, Research, Stock Buzz) could be registered in the Netherlands after a planned merger, the company’s chief executive Sergio Marchionne said on Tuesday.

A base in the Netherlands could be advantageous in the event Fiat-Chrysler opts for the United States as its primary listing, since corporate rules in the Netherlands are similar to those in the U.S.

Jul 22, 2013

Philips sees recovery in healthcare business

AMSTERDAM (Reuters) – Philips (PHG.AS: Quote, Profile, Research, Stock Buzz) said order intake at its healthcare division – its largest in terms of sales and profits – rose 7 percent thanks to new product launches, giving a more upbeat outlook for that sector than in the first quarter.

The Dutch healthcare, lighting and consumer appliances group stuck to its full-year targets after two years of job cuts, divestments, and a focus on core activities resulted in better-than-expected quarterly earnings.

Jul 17, 2013

ASML lifts sales forecast on demand for mobile devices

AMSTERDAM, July 17 (Reuters) – ASML, the world’s
biggest manufacturer of tools for making computer chips, raised
its full-year sales forecast on Wednesday as growing demand for
smartphones and tablets more than offsets weak personal computer
markets.

The Dutch firm is seen as a barometer for the health of
Europe’s technology sector and its upbeat tone suggests
manufacturers are betting on unabated consumer appetite for the
latest mobile gadgets, despite an uncertain economic outlook.

Jun 26, 2013

Jobless Spanish nurses jump at Dutch opportunities

SEVILLE, Spain/THE HAGUE, The Netherlands, June 26 (Reuters)
- N urse recruiting firm Roca-BHR drew more than 800 applicants
in Spain last year when it offered guaranteed jobs in the
Netherlands caring for the elderly to those who were willing to
take an intensive course in Dutch.

Of the 20 young nurses accepted to the programme – financed
by Dutch companies that need nurses – 11 completed the seven
months of training and tests in the southern city of Seville and
flew to The Hague, where they start work in July.

Jun 24, 2013

Dutch court to rule on Anne Frank letters, archive in legal spat

AMSTERDAM, June 24 (Reuters) – A Dutch court may rule this
week whether some of the letters of Anne Frank, the Jewish girl
whose posthumously published diary about her time in hiding from
the Nazis made her a symbol of the Holocaust, should stay in
Amsterdam or be sent to Switzerland.

The letters – together with about 10,000 photographs and
other documents, but not the famous diary – are at the centre of
a long-running dispute between Anne Frank House, the Amsterdam
museum dedicated to her memory, and Anne Frank Fonds, the
Basel-based foundation set up by her father Otto.

Apr 29, 2013

Dutch start orange countdown to Royal handover

AMSTERDAM (Reuters) – Queen Beatrix will pass the crown to her eldest son Willem-Alexander on Tuesday, making him the first King of the Netherlands in over 120 years and the Dutch are getting ready for a party.

Orange, the royal color, is everywhere. Houses are covered in bunting and flags. Shop windows are stuffed with orange cakes, sweets, clothes and flowers.

Apr 22, 2013

Philips sees tough European, U.S. healthcare markets

AMSTERDAM (Reuters) – Philips forecast a slow first half of the year due to the weak European economy and a tough outlook for healthcare spending in the United States, sending its shares to a four-month low.

The Dutch electronics company reported higher-than-expected quarterly earnings, but weak sales underscored the challenges it faces as it restructures to cope with stagnant economic growth, fragile consumer spending and government budget cuts in several markets.

    • 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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