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Europe Top News and Analysis Netherlands

  • LONDON, June 26- Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd's of London Chief Executive Inga Beale said. The Lloyd's of London insurance market, which started life in Edward Lloyd's' coffee house in 1688, derives...

  • WASHINGTON, June 26- The U.S. Supreme Court on Monday handed a victory to President Donald Trump by allowing his temporary ban on travelers from six Muslim-majority countries and all refugees to go into effect for people with no strong ties to the United States while agreeing to decide this fall the legality of the order. The executive order also made waivers...

  • *Germany wants solution before Sept. 24 election- sources. BERLIN, June 26- Germany's Transport Ministry is pushing carmakers to update the engine management software in up to 12 million diesel vehicles in the country, people familiar with the talks told Reuters on Monday. Germany's top car manufacturers volunteered a recall of 630,000 cars in April 2016 to fix...

  • WASHINGTON, June 26- The U.S. Supreme Court on Monday handed a victory to President Donald Trump by allowing his temporary bans on travelers from six Muslim-majority countries and all refugees to go into effect for people with no connection to the United States while agreeing to hear his appeals in the closely watched legal fight. The Supreme Court left the...

  • PARIS, June 26- Ukraine urged the European Union on Monday to seek more guarantees on energy security from Russia before building the Nord Stream 2 gas pipeline and said it could have "dangerous consequences" by leaving the bloc reliant on Russian supplies. The project is designed to double the amount of gas Russia pumps to Germany via the Baltic Sea.

  • FRANKFURT, Germany— After expensive bailouts played a major role in their debt crisis, European authorities agreed on tough new rules to ensure that taxpayers didn't have to pour money into shaky banks. So why is the heavily indebted Italian government pumping 5 billion euros into two failed banks that most people outside Italy have never heard of?

  • Shares of Nestle jumped 4.4 percent to 85.70 Swiss francs following reports that hedge fund kingpin Daniel Loeb's Third Point had taken a $3.5 billion, or about 1 percent, stake. News reports cited a weekend letter from Third Point calling on Nestle to sell its stake in French cosmetics company L'Oreal, arguing that it was peripheral to the Swiss company's core...

  • BRUSSELS, June 26- Thirteen EU nations voiced support on Monday for a proposal to empower the bloc's executive to negotiate with Russia over objections to a new Russian gas pipeline to Germany, despite opposition from Berlin. At an informal debate among EU energy ministers, Germany's partners in the 28- nation bloc spoke out against Russia's Nord Stream 2...

  • BRUSSELS, June 26- The European Union would retaliate if European steelmakers suffered collateral damage from import restrictions the administration of U.S. President Donald Trump is considering, EU trade chief Cecilia Malmstrom said on Monday. The focus is mainly cheap imports from China, but EU Trade Commissioner Malmstrom said EU industry could be...

  • BRUSSELS, June 26- The European Union is in a "very intense phase" in its negotiations for a free-trade agreement with Japan and could sign a provisional deal as early as next week, EU trade chief Cecilia Malmstrom said on Monday. A trade accord with the world's third-largest economy would be the European Union's biggest trade scalp to date. EU and Japanese...

  • *European Commission wades into global drug pricing row. *Wider role for EU antitrust regulators with Aspen probe. BRUSSELS/ LONDON, June 26- The first ever EU antitrust probe into excessive drug pricing is taking the European pharmaceuticals industry into uncharted territory, unnerving some companies and lawyers worried about the reach of market...

  • PARIS, June 26- Tati, the iconic cut-price shop whose historic store stands near Paris's Sacre Coeur monument, is to be sold to domestic rival Gifi, said a lawyer involved in Tati's restructuring process. Thomas Hollande, the son of former French President Francois Hollande who was acting as a lawyer for Tati's employees, said the deal would save the bulk of jobs at...

  • FRANKFURT, June 26- Leading LED maker Seoul Semiconductor announced a new technology which it says minimises the blue-light spike emitted by regular LEDs that is commonly blamed for sleep disturbances and other health problems. Seoul Semi's chief executive and founder told Reuters he foresaw sales of the new "Sun-like" LEDs at around $400 million by 2021,...

  • *Diesel updates seen costing 1.5- 2.5 bln eur- sources. BERLIN, June 26- Germany's Transport Ministry is in talks with car manufacturers about updating the engine management software of up to 12 million diesel vehicles, people familiar with the talks told Reuters on Monday. The cost of updating cars could amount to as much as 1.5 billion to 2.5 billion euros, and the...

  • AMSTERDAM, June 26- Akzo Nobel's specialised chemicals division would expand quickly and profitably if it gets an injection of capital after being sold or listed, its chief executive Thierry Vanlancker told Reuters. "If we came across as pretty self confident it's because we are," Vanlancker said in his office in Amsterdam, arguing that major improvements could...

  • BERLIN— Germany's antitrust authority says it had to revoke 238 million euros in fines imposed on sausage manufacturers for price collusion because the companies used a now-closed loophole in competition law. The Federal Cartel Office in 2014 imposed fines totaling 338 million euros on 21 sausage makers. It announced Monday that it has now had to drop fines...

  • BRUSSELS— The European Union's top trade official says the bloc is preparing retaliatory measures in case the United States goes ahead with plans to impose steel tariffs on imports. EU Trade Commissioner Cecilia Malmstroem said the bloc was "making preparations" to retaliate in the event the U.S. introduces new tariffs. Malmstroem said Monday that the EU would...

  • "Monetary policymakers need to take the evolution of financial conditions into consideration," New York Fed President William Dudley, a permanent voter on U.S. interest rates and a close ally of Fed Chair Janet Yellen, said on a closed-to-the-press panel on Sunday. The Fed has raised rates three times since December and aims to begin shedding some of its $4.5...

  • MILAN, June 26- Italian banking shares rallied on Monday after a deal to wind down two ailing regional lenders allowed Rome to draw a line under its biggest banking headache, with taxpayers rather than the financial industry shouldering the bulk of the losses. Rome on Sunday approved an emergency decree that leaves the best assets of Banca Popolare di Vicenza...

  • PARIS/ SYDNEY, June 26- U.S. wheat prices fell on Monday, with Chicago futures retreating from a one-year high and spring wheat edging back from a 2-1/ 2 year top, as the market awaited more indications on crop conditions after adverse growing weather. The most active wheat futures on the Chicago Board Of Trade fell 1.4 percent to $4.66-3/ 4 a bushel by 1054 GMT, pulling...