Business News Amsterdam

  • LONDON, Oct 15- Climate change activists, including one of the founders of Extinction Rebellion, defied a police order to end protests on Tuesday after a week of disruption in London, targeting Britain's transport ministry and security agency MI5. The group, which uses civil disobedience to highlight the risks posed by climate change and the accelerating loss...

  • LONDON, Oct 13- Almost 400 scientists have endorsed a civil disobedience campaign aimed at forcing governments to take rapid action to tackle climate change, warning that failure could inflict "incalculable human suffering." In a joint declaration, climate scientists, physicists, biologists, engineers and others from at least 20 countries broke with the...

  • *New technology and regulations drive London success. LONDON, Oct 11- Financial analytics firm Mosaic Smart Data has doubled the number of developers and quantitative analysts it employs since 2018 at its London base, where nearly 40 now crunch numbers to help banks trade foreign exchange and bonds. Far from suffering under the economic and political...

  • LOS ANGELES, Oct 1- Hollywood's three-martini lunch may be going up in smoke with the opening on Tuesday of the first restaurant in the United States where weed can be openly consumed. Almost two years after California began allowing sales of recreational cannabis, Lowell Farms: A Cannabis Cafe opened its doors in trendy West Hollywood, offering farm-to-table...

  • London's blue-chip index, packed with companies whose revenues tend to rise when Britain's pound falls, led the gains, after the currency took a hit from the Bank of England's first clear signal that it was considering an interest rate cut. Over the week, STOXX 600 lost 0.3% as gains over the last two sessions failed to make up for losses earlier in the week when poor...

  • AMSTERDAM, Sept 26- Dutch prosecutors are investigating alleged money laundering at ABN Amro, one of the largest banks in the Netherlands, saying they suspect the lender had failed to report or probe suspicious transactions for years. ABN Amro shares tumbled nearly 10% in early trading in Amsterdam, as the bank said it had no indication of the impact of the...

  • AMSTERDAM, Sept 26- Prosecutors are investigating alleged money laundering at ABN Amro, one of the largest banks in the Netherlands, saying on Thursday they suspected the lender had failed to do due diligence on its clients for years. ABN Amro shares tumbled more than 9% at market open in Amsterdam. Dutch bank ING was fined a record $900 million in September last...

  • LJUBLJANA, Sept 24- Slovenia's Adria Airways has cancelled almost all of its flights for Tuesday and Wednesday, potentially affecting around 3,700 passengers, because it has been unable to access cash to continue flying, it said on Tuesday. Adria said it would still operate a flight from Frankfurt to Ljubljana on Tuesday and a flight from Ljubljana to Frankfurt...

  • *U.S. and China ease trade war tensions. LONDON, Sept 12- European stocks climbed on Thursday to their highest in seven weeks and bond yields tumbled as the European Central Bank's new stimulus measures and mutual concessions by the United States and China in their trade dispute buoyed riskier bets. Bourses in Paris and Frankfurt gained 0.8%, rebounding strongly...

  • *U.S. and China ease trade war tensions. LONDON, Sept 12- European stocks climbed on Thursday to their highest in seven weeks and bonds fell as the European Central Bank's new stimulus measures and mutual concessions by the United States and China in their trade dispute buoyed riskier bets. Bourses in Paris and Frankfurt gained 0.8%, rebounding strongly after...

  • *FTSE 100 up 1%, FTSE 250 up 1.2%. Sept 11- UK stocks advanced on Wednesday on signs of less tension in the U.S.- China trade fight and prospects of more stimulus from central banks, while shares in London Stock Exchange scaled a record high after Hong Kong Exchanges and Clearing's offer. The FTSE 100 rose 1%, its best one-day performance in nearly ten days, while the...

  • Sept 11- Hong Kong Exchanges and Clearing has made an unsolicited $39 billion takeover approach for the London Stock Exchange, with any offer contingent on the LSE ditching its acquisition of data company Refinitiv. It runs the Stock Exchange of Hong Kong, the Hong Kong Futures Exchange and in Britain, the London Metal Exchange, which it bought in 2012..

  • *Prosus becomes 3rd biggest stock on Amsterdam exchange. AMSTERDAM, Sept 11- Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday, creating one of Europe's largest internet companies. "The idea with today's listing is...

  • *China stocks lag broader market, end lower. Mainland China stocks lagged, ending lower despite the scrapping of quota restrictions in two major inbound investment schemes on Tuesday, as conflicting signals over progress in U.S.- China trade negotiations kept investors on the sidelines. In a conciliatory gesture, China said it would exempt 16 types of U.S....

  • Prosus, a global consumer internet group and one of the largest technology investors in the world, starts trading through a primary listing on Euronext Amsterdam.

    Prosus, a spinoff of South African consumer internet group Naspers valued at $100 billion, listed on the Amsterdam Euronext exchange Wednesday.

  • *Naspers set to list Prosus subsidiary in Amsterdam. The spin-off in Amsterdam marks the end of an era for Naspers as it looks to move beyond the legacy of former Chief Executive Koos Bekker's prescient investment of just $34 million in Tencent when it was a startup in 2001, one of the most lucrative bets in corporate history. That would make it the third-largest...

  • *Naspers set to list' Prosus' subsidiary in Amsterdam. The spin-off in Amsterdam marks the end of an era for Naspers as it looks to move beyond the legacy of former CEO Koos Bekker's prescient investment of just $34 million in Tencent when it was a startup in 2001, one of the most lucrative bets in corporate history. Due to that holding, Prosus should have a market...

  • Sept 10- South African e-commerce group Naspers is listing its international internet assets, including its 31% stake in China's Tencent, in Amsterdam on Wednesday under the name of Prosus. Stripping out the Tencent stake, for the fiscal year ended in March 2019, revenue rose by 15 percent to $2.65 billion from $2.30 billion, and the group's operating loss...

  • LONDON, Sept 6- 1/ GO BIG, ECB, OR GO HOME Bond markets have become accustomed to getting their own way. So on Thursday when the ECB holds one of its most anticipated meetings ever, they will be watching for Mario Draghi, in one of his final acts as ECB chief, to unleash more stimulus to boost the bloc's stubbornly weak economy and inflation. Failure to do so could trigger a...

  • AMSTERDAM, Sept 7- Ground staff at Dutch airline KLM have cancelled a strike scheduled for Sunday, trade union FNV said. Baggage handlers and other ground personnel of Air France-KLM's Dutch arm were to stop working for four hours on Sunday, starting from 1100 GMT, in pursuit of their demands for higher pay and better working conditions. Two-hour strikes led to...