John Canally, Investment Strategist and Economist at LPL Financial, explains why Greece still faces long-term structural problems.» Read More
BRUSSELS, Oct 12- The European Union provisionally approved new economic sanctions against Iran over its nuclear programme on Friday, with senior diplomats giving their backing to measures against Tehran's banking sector, industry and shipping.
FRANKFURT/ VIENNA, Oct 12- Austrian energy group Verbund AG is in talks regarding its business in Turkey and is exploring a range of options from scaling back to expanding, it said on Friday.
VIENNA, Oct 12- Austria's export-dependent economy may contract in the third quarter and stagnate in the fourth but is still expected to avoid slipping into recession, the central bank said, sticking to its forecast for 0.8 percent growth in 2012..
VIENNA, Oct 12- U.S. hedge fund Golden Tree has converted debt into equity of Austrian lender BAWAG PSK, an Austrian newspaper reported, saying it could get a stake as high as nearly 10 percent.
*Nifty futures on the Singapore Exchange. FACTORS TO WATCH* Infosys, India's no. 2 software services provider, will report September quarter earnings. *A committee, led by prime minister's Economic Advisory Council chief C. Rangarajan, will recommend lifting curbs on India's tightly controlled sugar sector.
*Yves Mersch to have hearing with parliament on Oct. 22. BRUSSELS, Oct 11- The European Parliament is set to reject Luxembourg central banker Yves Mersch's appointment to the European Central Bank's executive board on grounds that he is a man and insufficient efforts have been made to appoint a woman.
AMSTERDAM, Oct 11- Dutch Prime Minister Mark Rutte and his future coalition partner outlined on Thursday their common position on how to tackle the euro zone crisis ahead of a European Union summit next week, calling for broader banking supervision and fiscal discipline.
October 11- Following are terms and conditions. of a bond priced on Thursday.
*Some nuclear experts worry about proliferation risks* They say laser enrichment plants smaller, harder to detect* Iran says it "possesses" laser know-how but won't use it By Fredrik Dahl.
BERLIN-- Europe's economic outlook darkened further Thursday when top economists slashed their growth forecasts for Germany and warned that public support for more financial aid to struggling countries was evaporating.
BERLIN-- Germany's leading economic research institutes have halved their prediction for the country's growth next year, saying the financial woes of other European nations continue to weigh heavily on the bloc's largest economy.
LONDON, Oct 11- BBVA shifted its stance of calling subordinated bonds at the earliest opportunity, as Spain's second largest bank struggles to fund at sustainable levels in the wholesale markets. On Wednesday, Austria's Raiffeisen Bank International gave investors in a Tier 2 bond a similar warning.
*North Sea output to fall by 1 percent in November. BP purchased its fourth cargo this week on Thursday and rival traders expect the oil to be loaded onto a Very Large Crude Carrier bound for South Korea, removing a chunk of supply from northwest Europe.
*Yves Mersch to have hearing with parliament Oct. 22. BRUSSELS, Oct 11- The European Parliament is set to reject Luxembourg central banker Yves Mersch's appointment to the European Central Bank's executive board on grounds that he is a man and insufficient efforts have been made to appoint a woman.
VIENNA, Oct 10- Austrian construction group Alpine Holding is taking measures to deal with tough market conditions and has adequate liquidity, it said on Wednesday, rejecting a magazine report that its finances were stretched. Liquidity has been sufficiently secured, " Austria's second-biggest construction company, a unit of Spain's FCC, said in a statement.
BRUSSELS, Oct 10- The European Parliament will vote on the proposed appointment of Yves Mersch to the European Central Bank's Executive Board later this month after a delay to protest against male bias, a parliamentary source said on Wednesday.
*Rare chance for Sudan to meet Western firms. *Sudan and South came close to war in April. VIENNA, Oct 10- Sudan and South Sudan pledged to work together to rebuild their shattered economies and not to return to war in a joint plea for foreign investment after signing a critical trade and border agreement last month.
*Group of 11 countries agree to impose transactions levy* Move to impose tax criticised by industry* Regulator warns of Europe's diverse regulation By John O'Donnell.
*Regulator warns of Europe's diverse regulation. BRUSSELS, Oct 10- A plan by a group of euro zone countries to introduce a tax on financial transactions threatens to drive more trading to London from centres such as Frankfurt, exacerbating divisions in Europe as it struggles to overcome an economic crisis.
PRAGUE, Oct 10- The Russian bidder for the contract to enlarge Czech CEZ's Temelin nuclear power plant on Wednesday ruled out linking its bid with French company Areva, which was disqualified from the tender last week.