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Europe News Netherlands

  • LONDON/ AMSTERDAM, July 24- Hedge fund firm Elliott Management on Monday asked the board of Dutch paintmaker Akzo Nobel to respond urgently to its concerns about the nomination of a new chief executive. Paul Singer's activist fund called on Akzo to confirm the date of a shareholder meeting to vote on the appointment of Thierry Vanlancker as the new CEO and to...

  • AMSTERDAM _ Koninklijke Philips NV on Monday reported second-quarter profit of $274.9 million. The Amsterdam- based company said it had net income of 30 cents per share. Keywords: Royal Philips, Earnings Report.

  • THE HAGUE, Netherlands— Schlumberger NV on Friday reported a loss of $74 million in its second quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Eight analysts surveyed by Zacks expected $7.26 billion.

  • LONDON/ FRANKFURT, July 20- Two global banks, Citigroup and Deutsche Bank, are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union. Deutsche Bank Chief Executive Officer John Cryan said in a video published on Thursday that the German lender expected to add new jobs in Frankfurt, where it will replicate a structure...

  • MOSCOW— Russia's Foreign Ministry has dismissed an international tribunal's ruling against it for seizing a Greenpeace ship as encouraging criminal behavior. The Hague- based court on Tuesday ordered Russia to pay damages and costs of nearly 5.4 million euros to the Netherlands for unlawfully seizing a Greenpeace ship protesting at an oil platform in...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. Citi is one of several banks opting to build up a subsidiary in Frankfurt so that its trading operations in the EU can...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. In a memo to staff Jim Cowles, the bank's head of Europe, Middle East and Africa, said the bank also planned to build up its...

  • THE HAGUE, Netherlands— Unilever, the owner of brands like Hellman's, Lipton, and Knorr, says its net profit rose 22.4 percent in the first half of 2017 compared with the same period last year, to 3.3 billion euros as a company-wide growth program bore fruit. Unilever said Thursday that first-half sales rose 5.5 percent to 27.7 billion euros, calling its earnings a "...

  • *Paris, other cities competing for post-Brexit fintech crown. *French fintech sector raised $68 mln in 2016, London $783 mln. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots.

  • AMSTERDAM, July 19- The chief executive of Akzo Nobel, Ton Buechner, has stepped down for health reasons, leaving his successor to deliver the higher sales and margins promised when the Dutch paintmaker fended off a U.S. takeover attempt this year. Chemicals division chief Thierry Vanlancker, 52, who joined in 2016, replaces Buechner, who repelled a 26.3 billion...

  • AMSTERDAM, July 19- The chief executive of Akzo Nobel, Ton Buechner, has stepped down for health reasons, leaving his successor to deliver the higher sales and margins promised when the Dutch paintmaker fended off a U.S. takeover attempt this year. Chemicals division chief Thierry Vanlancker, 52, who joined in 2016, replaces Buechner, who repelled a 26.3 billion...

  • *Offers VEON app in Georgia, Pakistan, Russia, Ukraine. FRANKFURT, July 19- Global telecom operator VEON said on Wednesday it was making progress in its strategy to reinvent itself as an online player by introducing its messaging and mobile services app in four new markets, including its largest in Russia and Pakistan. Two more markets where VEON will offer the app...

  • THE HAGUE, Netherlands— An international tribunal has ordered Russia to pay damages and costs of nearly 5.4 million euros to the Netherlands for unlawfully seizing a Greenpeace ship protesting at an oil platform in Arctic waters. "The road to justice can be long but today's award emphatically upholds international law and the right to peaceful protest...

  • FedEx delivery person, Chris Aniemeka, delivers packages on the day the company announced they plan to purchase TNT Express NV on April 7, 2015 in Miami, Florida.

    FedEx said its results will be hurt as a result of June's massive cyber attack.

  • SINGAPORE, July 13- Oil major BP Plc is shipping diesel from the United States to Australia in an unusual shipping flow, several industry sources told Reuters on Thursday. The Jupiter Express carrying about 35,000 tonnes of diesel loaded from BP's Cherry Point, Washington refinery on June 29 and is currently headed to Botany Bay, New South Wales in Australia,...

  • The watchdog, known by its Dutch acronym ACM, said it had visited some of the dozens of companies active in fuel production, transportation, storage and trading in Rotterdam, Antwerp and Amsterdam after receiving information from the police. The port of Rotterdam is Europe's largest bunkering port, as well as one of the top three bunkering ports worldwide.

  • AMSTERDAM, July 12- The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing cartel by fuel companies in ports in the Netherlands and Belgium. The watchdog, known by its Dutch acronym ACM, said it had visited some of the dozens of companies active in fuel production, transportation, storage and trading in Rotterdam,...

  • LONDON, July 11- Stocks of copper registered with the London Metal Exchange jumped by a net 72,625 tonnes, or 30 percent, in the space of just four days starting June 29. The London aluminum market has grown accustomed to huge tonnages appearing and disappearing in the LME warehouse network. But prior to last December the largest concentrated warranting in the...

  • LONDON, July 11- A new electric version of London's classic black cabs will be exported to Amsterdam next year, its first overseas market, and the firm could source the batteries in Britain, the head of the Chinese-owned London Taxi Company told Reuters on Tuesday. LTC, which will formally change its name to the London EV Company later this year, is undergoing a rapid...

  • LONDON, July 11- A new electric version of London's classic black cabs will be exported to Amsterdam next year, its first overseas market, and the firm could source the batteries in Britain, the head of the Chinese-owned London Taxi Company told Reuters on Tuesday. LTC, which will formally change its name to the London EV Company later this year, is undergoing a rapid...