Amsterdam- An Icelandic bank faces the confiscation of its Dutch assets if it cannot guarantee customers access to their accounts.
The bank, Icesave, is a subsidiary of Landsbanki, Iceland's second largest bank.
It began operations in the Netherlands in late May and has attracted 75,000 account holders with promises of unlimited deposits and withdrawals and interest rates significantly above the national average.
Amsterdam - The main index on the Amsterdam Stock Exchange, the AEX, on Tuesday posted a slight loss - down 0.54 per cent - at 11:30 am (0930 GMT), remaining volatile throughout the morning.
Opening with a gain of 2.4 per cent, the index slipped to a low of 306.78 points at 10:30 am, to recover slightly one hour later.
Bank and insurance company ING Group led the list of companies losing out most (down 5.78 per cent).
Trade in former Belgian-Dutch bank and insurance giant Fortis, that was taken over by the governments of the Netherlands, Belgium and Luxembourg and French bank BNP Paribas, remained suspended Tuesday.
London, Oct 6 : In a unique bid to encourage Dutch prostitutes to abandon their profession, the city council has offered them to award "credits" in return for good behaviour, according to reports.
Under the new scheme, the sex workers in the Dutch city of Eindhoven would receive so-called "street miles" that they can use to buy free designer clothes or furniture, if they agree to change their career for a safer lifestyle.
"We needed to come up with incentives that these women might latch on to," the Independent quoted Veronique Beurskens of Eindhoven council, who is leading a drive to rid the city of street prostitution, as saying.
Amsterdam - The Dutch government has issued state bonds worth 8.64 billion euros (11.76 billion dollars), the government said in a statement on Monday.
Part of the issue will be used to help finance the takeover of the Dutch division of former Belgian-Dutch bank and insurance giant Fortis.
On Friday, the Dutch nationalized the entire Dutch Fortis division, paying some 16.8 billion euros.
On Monday, financial analysts from SNS Securities, Petercam and Dresdner Kleinwort calculated the stock value of Fortis at the Dutch exchanges around 8.225 billion euros.
If accurate, then each of the 2.35 billion shares is worth 3.5 euros per share.
Amsterdam - For the second week in a row, the main index of the Amsterdam stock exchange AEX dropped dramatically on Monday morning. By 10:42 am (0842 GMT) the index had lost
5.83 per cent and stood at 323.97 points, with some analysts speaking of a "blood bath."
There was no stock posting any gains in the morning, with Financial firms losing out most.
Leading the list of companies who saw their stock value drop was insurer Aegon (down 20.37 per cent), followed by bank and insurance company ING Group (down 10.92 per cent).
There was no trade in shares of Fortis NV. On Friday, the Dutch government nationalized the Dutch division of the former Belgian- Dutch bank and insurance giant.
Washington, Oct 6 : The world’s largest biomass power plant running exclusively on chicken manure has opened in the Netherlands, which will deliver renewable electricity to 90,000 households.
According to a report in ENN (Environmental News Network), the power plant has a capacity of 36.5 megawatts, and will generate more than 270 million kWh of electricity per year.
The biomass power plant is more than merely “carbon neutral”.
If the chicken manure were to be spread out over farm land, it would release not only CO2, but also methane, a very potent greenhouse gas.
Amsterdam- An Icelandic bank faces the confiscation of its Dutch assets if it cannot guarantee customers access to their accounts.
Washington, Oct 6 : The world’s largest biomass power plant running exclusively on chicken manure has opened in the Netherlands, which will deliver renewable electricity to 90,000 households.
