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Europe Top News and Analysis Netherlands

  • BERLIN, Feb 26- Greece must not be granted a "bail in" that would involve creditors taking a loss on their loans, Germany's deputy finance minister said in an interview broadcast on Sunday, reiterating the German government's opposition to debt relief for Athens. The IMF has called for Greece to be granted substantial debt relief, but this is opposed by Germany,...

  • NEW YORK— A trans-Atlantic wave of puzzlement is rippling across Sweden for the second time in a week, after a prominent Fox News program featured a "Swedish defense and national security advisor" who's unknown to the country's military and foreign-affairs officials. Swedes, and some Americans, have been wondering about representations of the Nordic nation in...

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • *Hikes dividend to 2.06 eur/ pref vs Rtrs poll avg 1.86 eur. *2016 operating profit ex one-offs 14.6 bln euros. WOLFSBURG, Germany, Feb 24- Record Audi and Porsche sales helped Volkswagen swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions scandal meant it missed estimates for its operating profit.

  • The company reported a net profit attributable to Volkswagen AG shareholders of 5.1 billion euros last year compared with a net loss of almost 1.6 billion euros in 2015.. The Wolfsburg- based company paid a heavy price for its deceit, agreeing to pay more than $16 billion in buybacks and compensations to owners of VW cars in the U.S. alone. VW group sales rose 4...

  • PARIS— The French financial prosecutor's office decided Friday to open a judicial inquiry surrounding the allegedly fake parliamentary aide jobs that conservative presidential candidate Francois Fillon gave to his wife and two of his children, pushing the case to a higher and riskier level for the man hoping to become the next president of France.

  • PARIS— French financial prosecutor opens full judicial inquiry into conservative presidential candidate Francois Fillon.

  • Feb 24- Canada's MacDonald Dettwiler and Associates Ltd said it would buy U.S.-based satellite imagery provider DigitalGlobe Inc for about C $3.10 billion, the biggest deal yet in a fast-consolidating earth-imaging satellite market. DigitalGlobe's satellites supply high-resolution images to its customers such as the U.S. Department of Defense and...

  • *Six U.K. P&I clubs account for half market share. *Two P&I clubs already regulated in Luxembourg. LONDON, Feb 24- U.K.- regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.

  • BERLIN— The German weekly Der Spiegel reports that the country's spy agency had at least 50 numbers and email addresses of journalists among its surveillance targets. Spiegel reported Friday that a list seen by the magazine contained over a dozen numbers belonging to the BBC in Afghanistan and London. It says a New York Times phone number in Afghanistan and...

  • *Drug found as effective as antibiotic linezolid. Feb 24- Cempra Inc said on Friday that its experimental oral drug to treat acute bacterial skin infections cleared a late-stage study, bringing the antibiotic developer one step closer to getting its first drug to market. The drug has been used in Europe for decades, and Cempra had recently indicated that a second...

  • *Six U.K. P&I clubs account for half market share. *Two P&I clubs already regulated in Luxembourg. LONDON, Feb 24- U.K.- regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *OPEC compliance to rise as UAE, Iraq pledge to catch up. Compliance is set to rise even further in coming months as OPEC laggards United Arab Emirates and Iraq have pledged to catch up with their individual targets.

  • VIENNA— An Austrian court has ordered that Ukrainian oligarch Dymitro Firtash be released from custody pending decisions on separate U.S. and Spanish extradition requests for him. Firtash was indicted by a U.S. grand jury in 2012 for allegedly paying off officials through U.S. banks in a failed attempt to secure titanium mining rights in India worth hundreds...

  • VIENNA, Feb 24- Austria said on Friday that Vienna prosecutors had initiated a formal criminal investigation against Airbus and the Eurofighter consortium over alleged fraud, widening the potential fallout from a $2 billion combat jet order more than a decade ago. Defense Minister Hans Peter Doskozil said he had been notified that the two companies had been...

  • MILAN, Feb 24- Hampered by persistent political risks and sluggish economic growth, Europe's equity markets have disappointed investors for years. Political worries compounded by a series of uncertain national elections in Europe this year are sometimes cited as a factor holding investors back. Yet for those who have drawn lessons from how European stocks...

  • FRANKFURT, Feb 24- General Motors has told PSA Group it would only sell licenses for the manufacture of Opel cars to the French company if it agreed not to sell them in North America, Russia or China, German magazine Der Spiegel reported. Without saying where it got the information, the magazine said under such an agreement Opel would only be allowed to sell new...

  • LONDON, Feb 24- There is no rush to complete new bank capital rules given that the Trump administration has yet to nominate the U.S. Daniel Tarullo, a Federal Reserve governor who has been closely involved in banking rules, is stepping down in early April and his replacement, who would sit on the oversight body, has not been announced. "This person will probably need...

  • LISBON, Feb 24- Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, a top EU official said on Friday. The commission's latest forecast pointed to a 2.3 percent deficit but "in any case, Portugal has outperformed on the target set by the Council" in...