Europe Top News and Analysis Austria


  • Lenzing buys remaining 25 pct of Biocel Paskov Wednesday, 3 Oct 2012 | 7:27 AM ET

    VIENNA, Oct 3- Austrian cellulose fibre maker Lenzing has bought the remaining 25 percent of Czech pulp producer Biocel Paskov it did not already own from Austria's Heinzel Group, it said on Wednesday without disclosing the price. Lenzing bought 75 percent of Biocel Paskov from Heinzel in 2010. The Czech company employs almost 400 people.

  • NY appeals court orders bail for philanthropist Tuesday, 2 Oct 2012 | 9:31 PM ET

    NEW YORK-- An opera-loving philanthropist convicted of a multimillion-dollar fraud will soon be freed from prison on bail after a federal appeals court signaled on Tuesday he might be succeeding in proving his case deserves a second look.

  • InterMune says Canada approves lung-disease drug Tuesday, 2 Oct 2012 | 5:16 PM ET

    BRISBANE, Calif.-- InterMune Inc. said Tuesday that Canadian regulators approved its lung-disease drug Esbriet. InterMune said Health Canada approved Esbriet as a treatment for mild-to-moderate idiopathic pulmonary fibrosis in adults.

  • By Foo Yun Chee and Leila Abboud BRUSSELS, Oct 2- Vodafone and KPN. Earlier on Tuesday, EU Competition Commissioner Joaquin Almunia questioned whether Hutchison could offer sufficient concessions to ease his concerns about the proposed takeover, raising the spectre of a veto.

  • Swiss won't vote on German, UK, Austria tax deals Tuesday, 2 Oct 2012 | 10:25 AM ET

    *Austria, Britain deals can come into force in January. ZURICH, Oct 2- Switzerland will not hold a November referendum on deals with Germany, Britain and Austria to tax secret bank accounts after opponents of the agreements failed to gather enough signatures to force a vote, the government said.

  • Swiss opponents of tax deals fail to gain support Tuesday, 2 Oct 2012 | 9:44 AM ET

    GENEVA-- Opponents of Switzerland's tax agreements with Germany, Austria and Britain have failed to gather enough signatures needed to hold three popular referendums that could have defeated the deals.

  • UPDATE 1-Safe-haven Austria basks in bond demand Tuesday, 2 Oct 2012 | 8:19 AM ET

    *Austria again sells bonds at record low auction rates. VIENNA, Oct 2- Austria again topped up two bonds at record low rates at auctions on Tuesday, and the head of the country's debt management agency said spreads could narrow further versus benchmark German Bunds.

  • Imofinanz to invest 115 mln euros in Polish retail Tuesday, 2 Oct 2012 | 7:26 AM ET

    VIENNA, Oct 2- Austrian property group Immofinanz. Immofinanz said it planned to start construction this month with the opening scheduled for 2014. It said it was already in intensive negotiations with international and local retailers for occupancy of the centre's 150 retail units and food outlets.

  • Serb workers end Danube blockade, navigation resumes Tuesday, 2 Oct 2012 | 6:54 AM ET

    BELGRADE, Oct 2- Workers at a Serbian shipping company on Tuesday ended their blockade of the Danube river, one of Europe's main waterways, which started last week in protest over wage arrears.

  • BRUSSELS, Oct 2- The EU's antitrust chief questioned on Tuesday whether Hutchison 3 G could offer concessions sufficient to ease his concerns about its 1.3 billion euro bid for France Telecom's Orange Austria, raising the spectre of a veto.

  • Austrian spreads over Bunds can narrow -debt head Tuesday, 2 Oct 2012 | 6:08 AM ET

    VIENNA, Oct 2- Austrian debt spreads also have room to narrow versus benchmark German Bunds, the head of the Austrian debt management agency told Reuters.

  • Erste Group shares drop as foundation sells stake Tuesday, 2 Oct 2012 | 5:19 AM ET

    VIENNA, Oct 2- Shares in Erste Group Bank. The Erste Foundation said it had sold 14 million shares at 16.80 euros each, concluding a share sale programme to raise about 235 million euros to cover its planned liabilities repayments. The Erste Foundation had said late on Monday it would cut its stake to approximately 20.2 percent.

  • Slovakia - Factors To Watch on Oct 2 Tuesday, 2 Oct 2012 | 2:27 AM ET

    BRATISLAVA, Oct 2- Here are news stories, press reports and events to watch which may affect Slovak financial markets on Tuesday. Austria's Raiffeisenbank board member Aris Bogdaneris to meet with media on new retail banking model in Slovakia, 0700 GMT.

  • Graz- based contract car manufacturing subsidiary Magna Steyr currently makes the Mini Countryman sports utility vehicle and later this year will also begin producing the Paceman, a sportier coupe version of the SUV, the seventh derivative of the Mini.

  • Magna may lose BMW's Mini car contract for Austria Monday, 1 Oct 2012 | 2:14 PM ET

    FRANKFURT, Oct 1- Canadian automotive group Magna International may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in two locations.

  • FRANKFURT, Oct 1- The European Central Bank will not rush through "half-baked" plans for a new pan-European banking supervisor, policymaker Joerg Asmussen said on Monday, adding to doubts that the new structure can start as planned in January.

  • TIRANA, Oct 1- Austria's DCM DECOmetal plans to invest in the Bulqiza chrome mine in Albania, betting on an improvement in the ferrochrome market and meeting one of the demands made by strikers who helped push the company into a loss last year.

  • Swiss referendum on tax deals unlikely to go ahead Monday, 1 Oct 2012 | 10:11 AM ET

    *Austria, Britain deals can come into force in January. ZURICH, Oct 1- Deals with Germany, Britain and Austria to tax secret Swiss bank accounts appear unlikely to go to a referendum in Switzerland after opponents of the plan failed to submit enough signatures.

  • Lenzing extends CEO's contract until 2016 Monday, 1 Oct 2012 | 8:59 AM ET

    VIENNA, Oct 1- Austrian cellulose fibre maker Lenzing has extended Chief Executive Peter Untersperger's management board mandate by three years to April 2016, it said on Monday.

  • *Unemployment highest in Spain, lowest in Austria. BRUSSELS, Oct 1- The EU warned on Monday of an "economic and social disaster" if joblessness among young Europeans continued to rise, calling for a joint effort to combat record high unemployment in the countries which share the euro.