Europe Top News and Analysis Netherlands

More

  • BERLIN— Deutsche Bank says its second-quarter profit dropped 98 percent as the company pushed ahead with a restructuring effort and uncertainty over events such as Britain's vote on European Union membership weighed on markets. Germany's biggest bank said Wednesday that it eked out net earnings of 20 million euros in the April-June period, down from 818...

  • PARIS, July 27- Airbus Group took a 1.4 billion euro hit for problems with Europe's troubled A400M troop plane and its A350 jetliner on Wednesday, clouding better than expected quarterly profits. Delays in deliveries of another keenly awaited jet, the revamped A320neo jetliner, which competes with Boeing's upcoming 737 MAX, also weighed on Europe's largest...

  • PARIS— Air France, facing a strike by cabin crew at the height of the summer vacation season, is warning of pressure on its finances amid concerns about France as a tourist destination after a string of deadly attacks. Air France cancelled over 10 percent of flights Wednesday amid its latest strike, by cabin crew. It warned the global context this year remains "...

  • *Japan stimulus lifts Asia shares, drives yen lower. LONDON, July 27- Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy. Germany's DAX index rose 0.8 percent and has recouped all losses incurred since...

  • GENEVA _ STMicroelectronics NV on Wednesday reported second-quarter profit of $23 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share. STMicroelectronics shares have declined nearly 2 percent since the beginning of the year.

  • PARIS, July 27- AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, further beefing up its response to the challenges of Airbnb. Under the terms of the deal, AccorHotels- the world's fifth-largest hotel group- will acquire 80 percent of John Paul for about $150 million in equity and debt, with the company's...

  • LONDON, July 27- Reports of a larger than previously expected fiscal stimulus plan for Japan had the yen back on the defensive on Wednesday, as investors bet the Bank of Japan would match that with a new bout of money-printing aimed at weakening its currency. The latest volley in that debate was a report by the Wall Street Journal, again denied by the Ministry of...

  • PARIS, July 27- French automaker PSA Group shrugged off a drop in Chinese sales and an ageing lineup to deliver record first-half profit, as Chief Executive Carlos Tavares made progress on his turnaround plan for the maker of Peugeot, Citroen and DS cars. But the Paris- based carmaker fell behind archrival Renault in global deliveries for the first half, as sales of...

  • SINGAPORE, July 27- Coal prices in 2016 have regained their footing above the psychological threshold of $50, leaving the oil industry wondering when crude prices will return to form. Starting June 1, benchmark API2 coal futures in Rotterdam have rallied 20 percent to around $60 a tonne, the highest in a year, while Asia benchmark API4 futures have climbed 15.6...

  • PARIS— Airbus Group suffered 1.4 billion euros in losses linked to its troubled A400M military transporter and A350 passenger jet in the first half of the year, though profits rose thanks to asset sales and a satellite launch merger. In the second quarter, Airbus finalized its sale of a stake in Dassault Aviation and the creation of Airbus Safran Launchers joint...

  • ZURICH, July 27- Swiss private bank EFG International is on track to complete a planned takeover of embattled wealth manager BSI in the fourth quarter, it said on Wednesday after posting a 53.5 percent drop in first-half net profit. Zurich- based EFG agreed in February to buy Grupo BTG Pactual SA's Swiss private banking unit BSI as it aims to become one of...

  • BERLIN— Daimler's mytaxi and British rival Hailo are merging to form Europe's biggest app-based cab ordering service. Mytaxi operates in Germany, Austria, Italy, Poland, Portugal, Spain and Sweden. Hailo is active in the United Kingdom, Ireland and Spain.

  • THURSDAY, JULY 28 NEW HAVEN, United States- European Central Bank board member Benoit Coeure speaks at the Yale Forum on financial crisis management organised by U.S. Department of Treasury in New Haven- 1800 GMT. CAMBRIDGE- Federal Reserve Bank of San Francisco President John Williams participates in a policy dialogue on "What's Left in the Fed's Tool Kit?"

  • VIENTIANE/ GENEVA, July 26- The United States said on Tuesday it hoped to announce in early August details of planned military cooperation and intelligence sharing with Russia on Syria, and a United Nations envoy said he would also aim to resume peace talks next month. Secretary of State John Kerry said Washington and Moscow, which support opposing sides in...

  • ZURICH _ Chubb Corp. on Tuesday reported second-quarter earnings of $726 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share. Three analysts surveyed by Zacks expected $7.72 billion.

  • WASHINGTON— Russia may have been behind the leak of hacked Democratic National Committee documents, President Barack Obama said Tuesday in his first public comments on the breach. Obama, who traditionally avoids commenting on active FBI investigations, broke with that protocol and noted that outside experts have blamed Russia for the leak.

  • July 26- Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier& Rice, Wolong Electric and another Chinese company were conducting due diligence on...

  • BRUSSELS, July 26- European Union authorities are making contingency plans for the possible winding down of Banca Monte dei Paschi if the Italian lender has a poor reading in stress tests this week and no private or public support is available, an EU official said. The European Banking Authority, an EU agency, will announce on Friday results of the tests conducted...

  • TransCanada is behind the Energy East Pipeline project, a 4,600- kilometer pipeline, or nearly 3,000 miles, that would carry crude oil from tar sands in Western Canada to the East Coast, where it would then be shipped to refineries along the Texas Gulf Coast. Plans call for converting a natural gas line for part of the route and then building a new pipeline to...

  • *Vivendi confirms it now only wants 20 pct of pay TV. MILAN/ PARIS, July 26- French tycoon Vincent Bollore has backed away from a deal to buy the pay-TV business of Silvio Berlusconi's Mediaset in an unexpected move that the Italian broadcaster's biggest shareholder said could lead to a full takeover. Fininvest, the Berlusconi holding company that owns 35 percent...