Euroland Economic News

[dreamybear]

Several European banking stocks halted from trade after steep losses: Live updates
https://www.cnbc.com/2023/03/15/european...nings.html

"European stock markets were sharply lower Wednesday, with banking stocks in deep negative territory amid the global Silicon Valley Bank fallout and more bad news for Credit Suisse.....Several bank stocks, including Credit Suisse, were temporarily halted from trade during the morning due to the steep losses....."

[weijian]

In Communist 1949, we see all private assets been nationalized. In 1956, the Suez Canal (owned by British-French) was nationalized too. So generally, nationalization of assets happen in authoritative regimes or under nationalistic sentiment.

In more recent times, many companies/assets have been "nationalized" as they needed bail outs. Therefore, it is anything but ironic to see a democratic nation with "rule of law", the Dutch using a "cold war era law" to nationalize a company.

China bans Nexperia exports after Dutch government takeover sparks retaliation

The Dutch government said on Oct 12 that it has taken over the company using a Cold-War-era law for the first time, ensuring Europe retains access to Nexperia’s chips. The company is a subsidiary of Chinese Wingtech Technology and a key supplier of mature chips used by the automotive and consumer electronics industries.

The Chinese Ministry of Commerce issued an export control notice earlier this month, prohibiting Nexperia China and its subcontractors from exporting some components, the company said in a statement on Tuesday (Oct 14). Nexperia said it is trying to obtain an exemption.

https://www.businesstimes.com.sg/compani...etaliation