De Vries News
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Stichting Vestia Groep, a Dutch affordable-housing provider that nearly collapsed as a result of losses on derivatives, asked a London court to void 700 hundred million euros ($924 million) in interest-rate swaps after it was sued by Credit Suisse Group AG.
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Derek de Vries, head of European bank equity research at Bank of America Corp.’s Merrill Lynch unit in London, has left the firm, according to an e-mail sent to clients obtained by Bloomberg News.
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Vincent van Gogh once said that he could sit in front of Rembrandt’s “Jewish Bride” in Amsterdam’s Rijksmuseum for a fortnight with just a crust of bread to eat.
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TPV Technology Ltd., which took over Royal Philips Electronics NV’s television operation, said it’s cutting costs as it’s seen no recovery in demand for sets in Europe.
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Koninklijke Ten Cate NV, the maker for soldier protective clothing, reported a 19 percent decline in profit amid reductions in U.S. defense spending.
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A 17th-century bronze found in a garden may fetch as much as $32 million at auction after being identified as a masterpiece by Dutch sculptor Adriaen de Vries .
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The Dutch government wants to propose an emergency law to let the Court of Audit oversee institutions such as the central bank, Finance Minister Jeroen Dijsselbloem said.
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Pharming Group NV’s Rhucin drug could be introduced on the U.S. market in 2013, Dow Jones Newswires reported, citing an interview with Chief Executive Officer Sijmen de Vries.
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Ying White, previously the head of Akin, Gump, Strauss, Hauer & Feld LLP’s investment funds practice, joined Clifford Chance LLP’s Beijing office as a partner in the corporate practice, the firm announced.
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Banks including Citigroup Inc. and Deutsche Bank AG agreed to unwind soured derivatives contracts that will cost a Dutch affordable-housing organization 2 billion euros ($2.5 billion) and resulted in a government bailout.
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