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Europe News Netherlands

  • AMSTERDAM, March 24- A team of executives from U.S. paint maker PPG left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival. Akzo Nobel shares were down 0.1 percent at 77.84 euros on Friday afternoon, well below the 89.6 euros implied by PPG's...

  • JOHANNESBURG— Royal Dutch Shell's Nigeria subsidiary "fiercely opposed" environmental testing and is concealing data showing thousands of Nigerians are exposed to health hazards from a stalled cleanup of the worst oil spills in the West African nation's history, according to a German geologist contracted by the Dutch-British multinational.

  • AMSTERDAM, March 24- The chief executive of U.S. paint maker PPG meets Dutch government officials on Friday to make the case for its proposed 22.7 billion euro takeover of Dutch peer AkzoNobel. PPG Chief Executive Michael McGarry, who arrived in Amsterdam on Thursday, said he wanted to meet Akzo "stakeholders" including local media, shareholders, politicians,...

  • LONDON, March 23- Cargoes of floating gasoline are building off the shores of Europe as margins hold near their lowest level seasonally since 2009, traders and market sources told Reuters. At least five ships with some 300,000 tonnes of gasoline are anchored outside northwest Europe as traders and refiners wait for an expected spike in profits before selling...

  • LONDON, March 23- Gold edged lower on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in two years, helped by economic data. at 1517 GMT, retreating from an intraday peak of $1,253.12, its highest since Feb. 28. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities...

  • LONDON, March 23- Gold was barely changed on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in 22 months, helped by economic data. Spot gold was flat at $1,248.91 an ounce at 1339 GMT,. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities strategist Georgette Boele...

  • LONDON, March 23- Financial firms must not base a decision to move from London after Brexit on expectations of being less heavily regulated, a senior Irish regulator said on Thursday. Sharon Donnery, deputy governor for central banking at the Central Bank of Ireland, said her country was receiving many enquiries from UK- based financial firms about relocating to...

  • LONDON, March 23- Financial firms must not base a decision to move from London after Brexit on expectations of being less heavily regulated, a senior Irish regulator said on Thursday. Sharon Donnery, deputy governor for central banking at the Central Bank of Ireland, said her country was receiving many enquiries from UK- based financial firms about relocating to...

  • *Spot gold could test support at $1,237- technicals. at 1115 GMT, having touched its highest since Feb. 28 at $1,251.26 in the previous session. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities strategist Georgette Boele in Amsterdam.

  • Tayyip Erdogan, president of Turkey

    President Erdogan said that Europeans would not be able to walk safely on the streets if they kept up their current attitude towards Turkey.

  • ING has confirmed it is facing a criminal investigation into alleged money laundering and corruption from Netherlands authorities.

  • BRUSSELS— Portugal led calls on Wednesday for the eurozone's top official to resign for what many saw as derogatory comments about debt-ridden southern nations spending foolishly and relying on their northern partners to bail them out. Dijsselbloem has shown himself to be sexist, racist, xenophobic and an embarrassment for Europe, and because of that he...

  • The London Taxi Company plant near the city of Coventry is Britain's first electric vehicle factory and will help the firm to expand overseas as part of a 300 million pound investment. The move is the latest stage in the turnaround of a company which was saved from bankruptcy just over four years ago by China's Geely and is also a welcome boost for Britain as it...

  • Dutch paints and coatings maker AkzoNobel rejected a second takeover proposal from U.S. rival PPG Industries saying an improved offer was too low and too risky.

  • THE HAGUE, Netherlands— Industrial paints and chemicals company AkzoNobel has rejected a second unsolicited takeover bid from U.S. company PPG Industries worth 22.4 billion euros. AkzoNobel CEO Ton Buechner said in a statement Wednesday that the bid "significantly fails to recognize the value of AkzoNobel" and is not in the interest of the company, its...

  • Dutch corruption probe into ING money laundering

    CNBC's Willem Marx discusses the latest on criminal investigations into ING by the Netherlands and the U.S., concerning the bank's operations in Uzbekistan.

  • LOS ANGELES, March 21- A shareholder coalition founded in the U.K. is recruiting investors for a campaign to convince KFC parent Yum Brands Inc and other food companies to protect public health and corporate profits by reducing the use of antibiotics in the meat they serve in the United States and around the world. "There is the potential for significant...

  • FRANKFURT/ AMSTERDAM, March 21- Google and sister company Jigsaw are joining forces to defend election organisers and civic groups against cyber attacks free of charge as the broader tech industry seeks to fend off criticism that it is not doing enough to stop online efforts to distort elections. The growing frequency of politically-motivated online...

  • Unilever is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday.

  • LONDON— In a story March 15 about Twitter hijackings, The Associated Press misspelled the name of a security expert. LONDON— Hundreds of Twitter accounts have been hijacked amid the ongoing diplomatic feud between Turkey and two European nations, Germany and the Netherlands. "This is a small Ottoman slap," the swastika-studded messages read in part, blasting "Nazi...