De Tijd

European Stocks Drop as Italian Yilds Surge; TDC Retreats

European stocks fell to a three- week low, led by a selloff in banks, as the leader of Italy’s Democratic Party ruled out the possibility that rival politicians will agree on a broad coalition government.

Geens Moves From Banking World to Tackle Belgium’s Budget

Koen Geens was thrust into the role of Belgian finance minister just as the stagnant economy forces another round of budget cuts to bring the deficit down to European targets.

Arnault’s Assets Examined by Belgian Prosecutor, Tijd Says

The Brussels prosecutor’s office is looking into LVMH Moet Hennessy Louis Vuitton SA Chief Executive Officer Bernard Arnault’s network of businesses in Belgium, De Tijd and L’Echo reported, without saying where they got the information.

Credit Mutuel Nord Europe May Bid for Citibank Unit, Tijd Says

Caisse Federale du Credit Mutuel Nord Europe may bid for Citigroup Inc.’s Belgian unit, De Tijd reported without saying where it got the information.

Europe Banking System Needs to Be Bolstered, Soros Tells De Tijd

The European Union’s banking system needs to be bolstered to protect it from a potential bankruptcy of a European nation, billionaire investor George Soros said in an interview with De Tijd.

Dexia Renegotiations Must Await French Vote, Di Rupo Tells Tijd

Belgian Prime Minister Elio Di Rupo said the country must wait until after France’s presidential elections to renegotiate its share of guarantees given as part of stricken lender Dexia SA’s rescue, De Tijd reported.

Luxembourg Funds Probed by Belgian Tax Inspectors, De Tijd Says

Luxembourg-based funds run by BNP Paribas SA and others are being investigated by Belgian tax authorities, De Tijd reported today, without citing sources.

Alfacam Gets Three More Months to Find Investors, De Tijd Says

Alfacam Group NV, the operator of Europe’s largest fleet of high-definition broadcast vans, will get an extra three months from banks to find new investors, De Tijd reported.

Dexia Stops Funding for Some French Customers, De Tijd Says

Dexia SA, the French-Belgian lender that’s being broken up, has stopped funding some 120 large customers in France, most of them local governments, De Tijd reported yesterday, citing customers and a company spokesman.

Belgium May Gain From Liechtenstein Tax Probe, De Tijd Says

Belgium may be able to recover some 16 million euros ($21 million) from a tax-evasion probe into Liechtenstein investors, De Tijd reported, citing a spokesman for the Belgian tax authorities.

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Europe

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