Amsterdam - The Amsterdam bourse jumped 3.68 per cent Monday boosted by soaring banking stocks with ING Group's shares charging ahead by almost 20 per cent after the government threw the insurance and banking house a financial lifeline over the weekend.
By early afternoon trading, the bourse's main index stood at 261.55 points with shares in financial houses backed by the government's financial support plan helping to power the exchange.
Indeed, just one day after the government announced a capital injection of euro 10 billion euros (13.4 billion dollars) for ING, the bank's shares jumped by more than 8 per cent to stand at 8.66 euros. Shares in the Fortis financial house also raced ahead by about 14 per cent.
Amsterdam - The Dutch Schiphol Group and French aviation company Aeroports de Paris (ADP) have signed a cooperation agreement, which includes cross-investment of 8 per cent, the parties announced on Tuesday.
