Amsterdam - The Amsterdam bourse jumped 3.68 per cent Monday boosted by soaring banking stocks with ING Group's shares charging ahead by almost 20 per cent after the government threw the insurance and banking house a financial lifeline over the weekend.
By early afternoon trading, the bourse's main index stood at 261.55 points with shares in financial houses backed by the government's financial support plan helping to power the exchange.
Indeed, just one day after the government announced a capital injection of euro 10 billion euros (13.4 billion dollars) for ING, the bank's shares jumped by more than 8 per cent to stand at 8.66 euros. Shares in the Fortis financial house also raced ahead by about 14 per cent.
Amsterdam (dpa) - The Dutch economy will not grow, and may even shrink
in 2009, the director of the Dutch central bank DNB told journalists on
Friday.
"Depending on the level and speed of economic recovery, we will
have to assume a zero growth rate for 2009 or, possibly, a slight
minus," said Henk Brouwer, adding that he also expects limited growth
for 2010.
"The effects of the credit crisis on the real economy are now becoming visible," Brouwer said.
He added that continued problems in real estate markets in the US, Britain and Spain would have an impact on the Dutch economy.
Brouwer also said that the restructuring of the financial sector
Amsterdam - Rotterdam, the second largest Dutch city, will have a Moroccan-born Muslim mayor from January 1, as Ahmed Aboutaleb was presented Friday as future mayor by the city council.
The government still has to approve 47-year-old Aboutaleb's appointment, but this is considered a formality.
The Labour politician is the first mayor to be born and raised outside the Netherlands. He is also the first Muslim to become a mayor in the Netherlands.
Aboutaleb was born in Morocco and migrated to the Netherlands at the age of 14. He is currently deputy minister of social affairs, and before served as an alderman in Amsterdam.
Amsterdam - The negative mood on the Amsterdam stock exchange persisted on Wednesday, with the main index AEX at 266 points, down 6 per cent, by mid-afternoon.
All but two companies - publisher Reed Elsevier and supermarket multinational Royal Ahold - trading at the AEX saw their share value fall.
Navigation software manufacturer TomTom dropped most (down 15.30 per cent), followed by construction giants Arcellor Mittal (down 10.94 per cent) and Royal BAM group (down 10.57 per cent).
Amsterdam - The negative mood on the Amsterdam stock exchange persisted on Wednesday. By 13:30 pm (1130 GMT) the main index AEX stood at 273.97 points (down 3.70 per cent).
Amsterdam - The negative mood on the Amsterdam stock exchange persisted on Wednesday, with the main index AEX at 266 points, down 6 per cent, by mid-afternoon.
