Europe Top News and Analysis Belgium

  • General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, the New York Times reported.

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    Belgian and French leaders said Thursday that bailed-out Fortis bank has a future despite shareholder rejection of the sale of the troubled lender to France's BNP Paribas.

  • European nations scrambled on Sunday night to prevent a growing credit crisis from bringing down major banks and alarming savers as troubles in financial markets spread around the world, accelerating economic downturns on three continents, the New York Times reported.

  • Even in times of global financial downturn, you can be sure of one thing people will continue to buy and consume: beer. It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)

    It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)

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    Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.

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    Belgian-Dutch financial services group Fortis reported a better than expected quarterly net profit on Monday, which halved from a year earlier on writedowns that offset one-off gains.

  • ArcelorMittal, the world's No. 1 steelmaker, reported second-quarter results far above analysts' expectations on Wednesday as it managed to pass on rising raw material costs despite the growing economic gloom.

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    Warren Buffett's Berkshire Hathaway will get almost $2.5 billion in cash as part of InBev's now friendly $50 billion deal to acquire Anheuser-Busch.

  • Warren Buffett may be playing a role in turning what had been a bitter and nasty takeover battle for control of St. Louis-based Anheuser-Busch spacer into a friendly deal, according to this morning's New York Times.  Here's what he's been saying to CNBC about the situation.

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    The Bud maker is in active talks to reach a friendly deal with InBev, people briefed on the matter said.

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    Anheuser-Busch on Monday slammed InBev's efforts to replace the U.S. beer company's board, but said it would be open to any proposal that provided "full and certain value" for shareholders.

  • InBev upped the pressure on reluctant bid target Anheuser-Busch on Monday with a plan to replace the U.S. rival's board of directors that has rejected its $46.3 billion takeover offer.

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    Some Anheuser-Busch shareholders have filed lawsuits seeking to force the U.S. brewer to fairly consider the $46.3 billion takeover bid from InBev, according to court documents obtained by Reuters Tuesday.

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    SABMiller, the world's largest brewer, has held informal discussions with Grupo Modelo and InBev to explore options including a merger of Modelo and SABMiller, according to sources familiar with the situation.

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    South Korea's Lotte Confectionery will acquire Belgian chocolate maker Guylian for 105 million euros ($164 million), marking its debut in the European premium chocolate market, Lotte said on Monday.

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    Anheuser-Busch said Friday that Carlos Fernandez, chairman and chief executive of Mexican brewer Grupo Modelo, has resigned from the U.S. brewer's board of directors.

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    Morning Thoughts readers had plenty to say about the possibility that Belgium-based InBev could take over Anheuser-Busch and in turn a product many consider one of the symbols of America.

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    It's as American as the stars and stripes and apple pie – but if the speculation is right, Budweiser could be heading into European ownership.

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    Belgian brewer InBev, the world's second-biggest by volume, could start talks with rival Anheuser Busch on a possible merger bid Tuesday, according to a published report.

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    Belgian brewer InBev, the world's second-biggest by volume, is working on a $46 billion bid for Anheuser-Busch, a Financial Times report said.