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Europe News Netherlands

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    Oil giant Royal Dutch Shell posted record European company earnings of $27.6 billion in 2007, but fourth-quarter profit missed forecasts as a fall in production dampened the benefit of high oil prices.

  • British Prime Minister Gordon Brown.

    Key European leaders are calling for greater transparency in world financial markets, meeting Tuesday in London to discuss how they can rescue the turbulent global economy.

  • Euro zone growth could come in below 2 percent this year, European Central Bank Governing Council member Klaus Liebscher was quoted as saying on Thursday, but the region is better off than the United States.

  • Euro zone services growth slumped significantly below forecasts to a rate not seen in over four years this month, but manufacturing growth remained unchanged from December, a key survey showed on Wednesday.

  • Philips Electronics plans to sell most of its stake in flat screen maker LG.Philips LCD as early as this year, the Nikkei business daily reported on Wednesday, quoting the president of Philips.

  • Finance ministers from Europe's top four economies called on Thursday for greater market transparency, full disclosure of losses and better coordination among supervisory bodies in response to the global credit crunch.

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    There are downside risks to euro zone growth and the European Central Bank will remain flexible on interest rates, Governing Council member Yves Mersch was quoted as saying on Wednesday.

  • Dutch chip equipment maker ASML reported an anticipated recovery of fourth-quarter unit orders on Wednesday, but the order value fell unexpectedly from the third quarter due tomix effects.

  • Shares in Dutch photocopier and printer maker Oce rose more than 6 percent on Monday after its fourth-quarter net profit beat average analyst expectations.

  • UBS has appealed to its shareholders to back a capital injection by the Singapore government and a Middle East investor but warned it still cannot predict how the subprime crisis will play out.

  • Britain's biggest brewer Scottish & Newcastle rejected a raised bid from Carlsberg and Heineken at 780 pence a share, or 7.6 billion pounds ($14.9 billion) on Thursday, and said it would only talk if the offer was at least 800p, heightening the prospect of the bid failing.

  • The European Central Bank left interest rates unchanged on Thursday amid continuing uncertainty regarding the outlook for the economy.

  • The European Central Bank seems to have little choice but to keep rates on hold this time as well, despite rising inflation. Money markets are still not back to normal and there are signs of a weakening economy.

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    Major central banks are satisfied with joint efforts to tame money market tensions around the turn of the year but will remain in close contact, policymakers said on Monday.

  • Euro-zone investors are the gloomiest in 2-1/2 years and their expectations for the next six months are the most pessimistic on record as the credit crunch continues to depress sentiment, a survey showed on Monday.

  • European shares ended the first day of trading in 2008 on a negative note Wednesday, as worries over global growth -- exacerbated by evidence of a contraction in U.S. manufacturing -- overshadowed news of consolidation in the banking sector.

  • European equities ended flat on Monday in thin trade as key markets stayed closed, with the region notching a slender gain of 1.5 percent in 2007, its worst performance since 2002 as a credit crunch whacked stocks.

  • European shares were broadly lower Friday, as weakness in banking stocks dampened investor sentiment, but U.S. stocks made firm gains at the open on the Wall Street.

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    The European Central Bank is determined to stop increases in oil and food prices becoming entrenched in a broader inflation rise, President Jean-Claude Trichet said in a newspaper interview published on Monday.

  • Air France-KLM's bid for Italy's state-controlled airline, Alitalia, has triggered a frenzy of holiday lobbying by powerful opponents who want Rome to reject an offer they say harms national interests.