Europe Top News and Analysis Netherlands

More

  • ABOARD AIR FORCE ONE, Feb 10- The White House said on Wednesday it was confident it would be able to meet its obligations under the Paris climate change agreement, despite the Supreme Court's ruling temporarily blocking the administration's plan to curb carbon emissions from power plants.

  • *Energy firms cutting back projects that need insuring. LONDON, Feb 10- The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Hannover Re's chief executive Ulrich Wallin used some understatement in...

  • FRANKFURT, Germany— Automaker Volkswagen says it is recalling 680,000 vehicles with suspect air bag inflators in the United States. Volkswagen says it has notified the U.S. National Highway Traffic Safety Administration of the upcoming action involving VW vehicles from model years 2006 to 2014 and that it plans to notify the owners of all affected vehicles.

  • BRUSSELS— NATO and the European Union have signed an agreement to improve cooperation in cyberdefense, which NATO Secretary-General Jens Stoltenberg called a concrete example of the two Brussels- based organizations joining forces to counter modern forms of hybrid warfare. The technical agreement, signed at NATO headquarters on Wednesday, establishes a...

  • *Recall to result in Daimler charge of 340 mln euros. *Charge lowers Daimler 2015 profit to 8.7 bln euros from 8.9 bln. WASHINGTON/ FRANKFURT, Feb 10- German carmakers Volkswagen and Daimler are recalling 1.5 million vehicles in the United States due to potentially faulty airbags made by Japanese company Takata Corp, the focus of a long-running global safety...

  • GENEVA— Organizers of the World Economic Forum, which holds an annual meeting in Davos, Switzerland, have postponed a similar conference planned to take place in Egypt this spring over security concerns. The WEF Middle East and North Africa conference generally alternates between Jordan and Egypt from year to year and welcomes dignitaries and high-ranking...

  • LISBON, Feb 10- Portugal's new Socialist government will be rigorous in controlling the budget to ensure financing for the economy, aware of recent jumps in bond yields, Finance Minister Mario Centeno said on Wednesday. Portugal's 10- year bond yields hit their highest since October 2014 on Tuesday although they retreated slightly on Wednesday to around 3.52...

  • TOKYO/ BRUSSELS, Feb 10- Asahi Group Holdings Ltd has offered to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company seeks to offset slow growth at home. Asahi is Japan's biggest brewer with a 38 percent market share, but the company has sought growth outside of Japan where a shrinking...

  • LONDON, Feb 10- World-leading technology company ARM Holdings said a vote to leave the European Union by the British electorate, the so-called Brexit, would hinder its ability to employ the scientists and engineers it needs. Britain's Prime Minister David Cameron has promised voters an opportunity to decide whether the country should remain a member of the...

  • LONDON/ ROME, Feb 10- Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday's industrial output data for Britain, France and Italy followed news a day earlier of a shock plunge in Germany, setting back expectations...

  • MONTE CARLO, Monaco _ Navios Maritime Acquisition Corp. on Wednesday reported fourth-quarter earnings of $20.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share. Four analysts surveyed by Zacks expected $77 million.

  • LISBON, Feb 10- Portugal's new Socialist government is well aware of the country's rising bond yields and will be rigorous in controlling the budget to ensure financing for the economy, Finance Minister Mario Centeno said on Wednesday. Portugal's 10- year bond yields hit their highest since October 2014 on Tuesday although they retreated slightly on...

  • *Mercedes catching up fast in China. BERLIN, Feb 10- Germany's Audi and BMW sold fewer vehicles in January than luxury rival Mercedes-Benz, which has benefited from a continued surge in Chinese demand for its compact cars and sport-utility vehicles. Munich- based BMW posted a 7.5 percent increase to 133,883 cars at its core brand and predicted the "positive trend"...

  • PARIS, Feb 10- French luxury goods maker Hermes has yet to see its business in Paris recover from November's deadly attacks on the city and warned of a potential further slowdown in global sales this year. "Tourist flows have not yet returned to normal," Hermes Chief Executive Axel Dumas told Reuters, referring to the Paris attacks. Hermes makes 14 percent of its...

  • LONDON/ MILAN, Feb 10- European shares snapped a seven-day losing streak on Wednesday, helped by some solid corporate earnings and a recovery in Deutsche Bank from 30- year lows. "The rebound in Deutsche Bank is helping to reassure some investors who had been concerned about possible contagion in the banking sector," said Francois Savary, chief investment officer...

  • *Other sectors monitoring case for guidance on pricing methods. BRUSSELS, Feb 10- Leading shipping container groups Maersk, MSC and 13 other companies have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines, two people familiar with the matter said on Wednesday. The European Commission opened an...

  • BERLIN, Feb 10- German Finance Minister Wolfgang Schaeuble is not concerned about Deutsche Bank whose shares have fallen sharply recently, a ministry spokeswoman said on Wednesday. "You heard the short sentence that the minister said yesterday in Paris that he is not concerned, I don't have anything to add to that," said the spokeswoman at a regular government...

  • FRANKFURT, Germany— Deutsche Bank shares have rebounded strongly after a news report that the bank may buy back some of its own bonds to strengthen its finances. Deutsche Bank shares had fallen on worries over whether the bank could pay some of its obligations, and more generally by disappointment with the announcement Jan. 28 of a 6.8 billion euro loss for last...

  • *Bank shares lead Europe stocks up after Asia falls. LONDON, Feb 10- European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Investors and traders were looking ahead to Congressional testimony from Federal...

  • *FTSEurofirst 300 recovers after sharp fall. LONDON, Feb 10- European shares rebounded on Wednesday from two-year lows reached in the previous session, helped by some solid corporate earnings and a recovery in Deutsche Bank. The pan-European FTSEurofirst 300 index, which had fallen 1.6 percent to its lowest point since September 2013 on Tuesday, rose 1.5...