Business News Amsterdam

  • LONDON, June 19- Mario Draghi's dramatic Tuesday hints of further monetary easing by the European Central Bank has stabilized collapsing euro zone inflation expectations, but the departing ECB chief will struggle to calm market fears of Japan-style economic stagnation. That sparked the biggest one-day fall in euro area bond yields in years as investors bet...

  • SAN FRANCISCO/ NEW YORK, June 18- Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments. Facebook said it has linked with 28 partners to form Libra Association, a Geneva- based entity governing its new digital coin, which it will launch in the first half of...

  • Manhattan Skyline with Empire State Building

    New York, London and Paris continue to dominate as the world's top three most competitive cities. But their prime positions could be up for contention, according to a new report.

  • *Berlusconi-controlled Mediaset to rehouse group in Amsterdam. Mediaset, controlled by the family of former Prime Minister Silvio Berlusconi, said a Dutch shell company would carry out a reverse takeover of both Mediaset, and Madrid- listed Mediaset Espana, issuing shares to owners of both. The family's voting rights, however, would be just above 50 percent,...

  • LONDON, June 4- Policymakers should "tether" London to the European Union to avoid isolating the region's largest financial hub, harming the euro zone economy and spawning an offshore financial centre, the head of the U.S. derivatives watchdog said. "It is clear that London is shedding, and will continue to shed, a not insignificant amount of its financial service...

  • LONDON, June 4- Policymakers should "tether" London to the European Union to avoid isolating the region's largest financial hub, harming the euro zone economy and spawning an offshore financial center, the head of the U.S. derivatives watchdog said. "It is clear that London is shedding, and will continue to shed, a not insignificant amount of its financial service...

  • The investigations into the companies' business in China, along with an existing SEC probe into their sales in Brazil, are part of a new effort by U.S. regulators to crack down on alleged corruption in sales of costly medical equipment worldwide, said the sources, who spoke on condition of anonymity because they were not authorized to discuss the investigation...

  • The sixth-largest U.S. carrier has 85 A321neo aircraft on order, of which it has already decided to convert 13 into a longer-range version called the A321LR for its planned launch of daily flights from New York and Boston to London in 2021.. "London is the biggest opportunity because it has the highest fares, but there would be other opportunities if we had an...

  • AMSTERDAM, May 23- Shipowners, who are facing one of the biggest changes in the oil industry in decades, are seeing more fuels that will be compliant with new rules on sulphur emissions from ships, but some say the way forward is far from clear. The United Nations shipping agency the International Maritime Organization will from January 2020 limit the sulphur...

  • AMSTERDAM, May 20- Meat processing equipment maker Marel said it will pursue a listing on Euronext in Amsterdam to enhance the Iceland- based company's growth and acquisition strategy as global demand for protein rises. Marel, which is the largest publicly traded company in Iceland with a market capitalisation equivalent to around 2.8 billion euros, said on...

  • May 17- European stocks snapped a three-day winning streak on Friday amid global trade jitters after Beijing ratcheted up its war of words with Washington, while the end of Brexit talks between British political parties put a lid on risk sentiment. The Chinese Communist Party's People's Daily used a front page commentary to say the trade war would never bring...

  • FBI is investigating corporate giants Johnson& Johnson, Siemens AG, General Electric Co and Philips for allegedly paying kickbacks as part of a scheme involving medical equipment sales in Brazil, two Brazilian investigators have told Reuters. The four multinational companies, with a combined market capitalization of nearly $600 billion at Thursday's...

  • The company has mandated JP Morgan, UniCredit and VTB Capital to arrange a series of fixed income investor meetings in London, Frankfurt, Amsterdam and Munich starting on May 13, according to IFR.

  • SAN FRANCISCO, May 13- Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. The company started adding technology to a handful of warehouses in recent years, which scans goods coming down a conveyor belt and envelopes them seconds later in boxes custom-built for each item, two people who worked on the...

  • AMSTERDAM, May 7- Dutch speciality chemicals company DSM raised its profit outlook for 2019 on Tuesday, as strong sales of food supplements boosted first-quarter earnings despite weakness in some of its Asian markets. "We had very good momentum in nutrition over the whole range of products, from dietary supplements to animal and baby food," Chief Financial...

  • AMSTERDAM, May 2- Gasoline and diesel fuelled cars and motorcycles will be banned from Amsterdam from 2030 in an effort to clean up the city's air, the Dutch capital's council said on Thursday. "Pollution often is a silent killer and is one of the greatest health hazards in Amsterdam," said the city's traffic councillor, Sharon Dijksma. Despite the widespread use of...

  • PARIS, April 30- Shares in telecoms and cable group Altice Europe rose on Tuesday after it disclosed that profits at its main French business improved over the first quarter. Altice France's preliminary adjusted earnings before interest, tax, depreciation and amortization grew 2 percent from a year earlier to 933 million euros, according to a regulatory...

  • *Weak U.S. and Europe demand capped Q1 sales growth at 2.3 pct. AMSTERDAM, April 29- Dutch health technology company Philips said on Monday it expects sales to accelerate in coming months on improved demand in Europe and the United States after a weak first quarter. A decline in demand for hospital equipment in Europe and flat sales in the United States capped...

  • AMSTERDAM, April 26- In a meeting at the economic affairs ministry in The Hague late last year, Tata Steel's Dutch chief Theo Henrar pledged he would spend hundreds of millions of euros to cut factory emissions- on condition the government invested a similar amount. It is an example of how big companies in the Netherlands and beyond are putting forward their own...

  • FRANKFURT, April 25- German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands. Germany's two largest banks announced that nearly six weeks of high-level negotiations about a...