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  • AMSTERDAM, April 26- Dutch telecom firm Royal KPN NV said on Friday it would select a Western supplier to build its core 5 G mobile network, making it one of the first European operators to make clear it would not pick China's Huawei for such work. KPN, based in The Hague and the Netherlands' largest telecom firm, said Huawei would supply 5 G radio equipment, which it...

  • 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...

  • FRANKFURT, April 25- Deutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the risks of doing a deal, restructuring costs and capital demands dashing efforts to forge a German mega-bank. After nearly six weeks of talks, Germany's two largest banks announced that their high-level negotiations about a tie-up had ended, confirming an...

  • AMSTERDAM, April 23- Dutch supermarket group Ahold, warned on Monday that a strike at its Stop& Shop chain in the United States would hurt its underlying 2019 profit margin. The strike involved 30,000 workers in Connecticut, Massachusetts and Rhode Island. Ahold kept its full-year free cash flow estimates unchanged at 1.8 billion euros, due to expected growth at...

  • GOUDA, Netherlands, April 19- Surrounded by 15- kg wheels of cheese ready to be carted away in horse-drawn carriages, a dairy farmer in the Dutch city of Gouda faces off against a cheese trader wearing traditional wooden clogs. The United States could impose $11 billion worth of European export products with tariffs over subsidies for Airbus, and Europe...

  • *Gasoline stocks in independent storage in the Amsterdam- Rotterdam- Antwerp refining and storage hub dropped 10 percent in the week to Thursday to their lowest level since December 2018, data from Dutch consultancy Insights Global, previously PJK International, showed. *The draws in gasoline stocks were driven by strong demand from the U.S. East Coast and Asia,...

  • After rising for two weeks to reach over $6.00 per million British thermal units in the second week of April, the June price for delivery of LNG into northeast Asia dropped into $5.00 territory, sources said. Reflecting the low levels of local demand, China National Offshore Oil Corp issued a sell tender for a July delivery cargo to ports outside China from its...

  • Losses in bank-heavy Milan and Madrid indexes led declines, while Germany's DAX edged higher. The data came on the heels of the German government lowering its forecast for 2019 economic growth on Wednesday, which was overshadowed by better-than-expected economic data out of China. "We... have confirmation that we are in a bit of a weak spot in Europe, if you look at...

  • *ING suggests moving headquarter to Frankfurt- report. Manager Magazin, citing unnamed sources, said ING made the approach to the German government, which owns a stake in the German lender, and to Commerzbank Chief Executive Martin Zielke. According to the magazine, ING's CEO Ralph Hamers suggested moving ING's headquarters to Frankfurt in event of a deal, and he...

  • LONDON, April 16- Zinc is coming under sustained attack from bearish funds. The London zinc price slumped from $2,867.00 per tonne to $2,821.50 in 30 minutes. It stabilised briefly before heading lower and was last around $2,815.00.

  • April 16- The Supreme Court of the Netherlands dismissed Ecuador's attempts to annul decisions of an international arbitral tribunal that ordered Ecuador to prevent enforcement of a $9.5 billion judgment against Chevron Corp anywhere in the world, the U.S. oil major said on Tuesday. Earlier this month, the Supreme Court of Canada had dismissed claims...

  • *Greece plans to file request to ESM this week- source. ATHENS, April 15- Greece plans to file a request this week seeking the euro zone bailout fund's consent to the early repayment of expensive loans owed to the International Monetary Fund, a source close to the process told Reuters Monday. Greece wants to repay about 3.7 billion euros in IMF loans, the source said.

  • EU governments on Monday backed the move launched by the European Commission two years ago to protect Europe's creative industries, which employ 11.7 million people in the bloc. "When it comes to completing Europe's digital single market, the copyright reform is the missing piece of the puzzle," the Commission's president Jean-Claude Juncker said in a...

  • AMSTERDAM, April 15- The Dutch government on Monday said it had established a special task force to weigh potential security risks as it prepares to build a 5 G telecommunications network. The United States has lobbied Europe to shut out China's Huawei from such projects, saying its equipment could be used by the Chinese government for espionage.

  • BRUSSELS, April 15- The European Union's bid to overhaul its two-decade old copyright rules cleared its final hurdle on Monday as EU governments backed the move forcing Google to pay publishers for news snippets and Facebook to filter out protected content. Nineteen countries, including France and Germany, endorsed the revamp while Finland, Italy, Luxembourg,...

  • WASHINGTON, April 13- A future euro zone budget will soon have to take on the task of cushioning economic shocks despite current resistance from countries in northern Europe, a top European Union official said on Saturday. "This is the first step, a foot in the door," Moscovici told Reuters in an interview on the sidelines of the International Monetary Fund and World...

  • WASHINGTON, April 12- Greece is looking to strike a deal this weekend to repay early about half of the loans it received from the International Monetary Fund, in a bid to lower the euro zone member's burden of debt servicing, a senior official said on Friday. IMF loans, issued to Greece as part of the country's bailouts since 2010, cost Athens around 5 percent...

  • LONDON, April 11- Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten by a Lloyd's of London syndicate. "We talk about insurance as the oil of the wheels of the economy but there are lots of under-served areas and one of...

  • MILAN, April 12- Italian payments group Nexi has priced what is set to be one of Europe's biggest initial public offerings this year at 9 euros per share, valuing the group's equity at 5.7 billion euros. The price, which confirmed what sources told Reuters on Thursday, was at the bottom of a price range that had narrowed to between 9.0 euros and 9.5 euros.