Author Archives: Johanna van den Berg

Switzerland Caps Franc Against the Euro

In an effort to protect its exporters dealing with Europe’s financial crisis, Switzerland has capped the franc’s exchange rate against the euro. Economies across the globe have been inconsistent, swinging wildly on a nearly daily basis, pushing investors towards gold and Swiss currency as a safe haven. As a result, the franc has become more…

Romanian Foreign Investments: NCH Capital, Nokia, Renault

Foreign direct investment in Romania has risen dramatically over the past decade — by over 600% since 2000. Investors are attracted mainly by relatively inexpensive and very high quality labor, low taxes, a 16% flat tax for individuals and companies as well as no dividend taxes, ideal geographic location and a liberal labor code. In…

Bigger Toilet Seat for Obese in the UK

As the world gets more and more obese, it makes sense that certain businesses would see the opportunity to cash in on this problem. Now, the Big John toilet seat is stepping in, offering an oversized toilet seat for those who are growing and growing in Britain. The Cost of Obesity The seat costs £200…

Overhaul of Treasury and Financial Advisers

The Financial Services Authority (FSA) has recently undergone a revamp, firstly, planning the establishment of the Financial Conduct Authority and a replacement of the name, Consumer Protection & Markets Authority (CPMA), for Financial Conduct Authority (FCA).  More information about how the financial services regulation will work under the proposed regime has been revealed too.  Plans…

Northern Trust Expands Services to Benelux

Northern Trust will now be expanding the regions where it offers services from Amsterdam to include The Netherlands, Luxembourg and Belgium, predicting huge development in the region. The idea is that clients’ will receive greater direct access to the company’s “investment expertise and array of asset management solutions,” no longer restricted to one small area…

PNO Media To Merge With Netherlands Film Pension Scheme

The PNO Media pension fund (€3.3bn) and the the Dutch Film and Cinema Industry pension fund  (€152m) plan to merge. “PNO Media could offer the benefits of scale, as well as certainty for the future of our pension plan,” explained chairman of the film and cinema scheme, Ron Sterk. “Moreover, at PNO Media, our identity…

IBM’s Pension Fund Up

IBM’s Dutch Pension Fund has given its clients in certain benefit plans an index of approximately 2.8% A pension increase of 1.2% equals 75% of the consumer price index from September, 2009 to September, 2010. The extra 1.6% will compensate for the index payments that IBM did not pay during the above period.

Fortis Sued For 2.5 Billion Dollar Fraud by Institutional Investors.

Institutional investors accuse Fortis NV of misrepresenting itself to shareholders and to the general market. Fortis Bank, presently renamed Ageas, was the biggest finance company in the Netherlands and in Belgium before it went under in 2008. It is accused of giving out false information about its financial condition, before it went under. Investors have…

Adtraxion And Princen Internet Diensten Create Web-Based Digital Signage

Adtraxion Systems, has partnered  with Princen Internet Diensten which is a company of the Princen Group. Adtraxion Systems works in the European market, giving digital signage solutions to its customers. Princen Internet Diensten  and Adtraxion will offer businesses the PG Portal, an online portal  created by Princen Internet Diensten. This portal is 100 percent compatible…

DSM Ready to Purchase Martek

DSM has made an agreement to purchase Martek Biosciences Corporation for $1,087,000 in cash. The transaction will take place in the first or second quarter of 2011. “This acquisition is an attractive and logical next step for DSM,” explained the CEO/Chairman of the DSM Managing Board, Mr. Feike Sijbesma. “Martek’s leading position in healthy, natural…