John Canally, Investment Strategist and Economist at LPL Financial, explains why Greece still faces long-term structural problems.» Read More
BRUSSELS, Oct 8- The EU's antitrust chief said on Monday he hoped that Hutchison 3 G would propose sufficient concessions to ease regulatory concerns and allow clearance of its bid for France Telecom's Orange Austria.
*Germany, others say Spain does not need financial help. LUXEMBOURG, Oct 8- Euro zone finance ministers delivered a united defence of Spain on Monday, saying the country was taking steps to overhaul its economy, funding itself successfully in the financial markets and did not need a bailout, at least for now.
KIEV, Oct 8- Austria's Erste Group Bank could decide by the end of the year to sell its loss-making Ukrainian unit. "Ukraine has not lived up to expectations of economic development and the group is considering the question of whether it should continue working on the Ukrainian market," Erste Bank spokeswoman Yelena Pavlovskaya said on Monday.
*Oil dips below $112 as World Bank cuts Asian growth outlook. LONDON, Oct 8- Stocks and oil prices fell on Monday after the World Bank cut its growth forecast for China, adding to concerns about the outlook for the global economy and corporate earnings.
ROSWELL, N.M.-- Experienced skydiver and extreme athlete Felix Baumgartner hopes to take the leap of his life on Tuesday, attempting the highest, fastest free fall in history. Rigged with cameras, the 43- year-old former military parachutist from Austria is scheduled to jump from a balloon-hoisted capsule 23 miles near Roswell on Tuesday morning.
*Austria, OMV say no talk of MOL exit from Nabucco. VIENNA, Oct 8- The partners in Azerbaijan's Shah Deniz II gas field are in talks to take a stake in the Nabucco consortium that is competing to build the first pipeline to deliver Azeri gas to Europe, Austria's economy and energy minister said on Monday.
VIENNA, Oct 8- The partners in Azerbaijan's Shah Deniz II gas field are in talks to take a stake in the Nabucco consortium that is competing to build the first pipeline to deliver Azeri gas to Europe, Austria's economy and energy minister said on Monday.
*Oil dips below $112 as World Bank cuts Asian growth outlook. Several big companies, including FedEx and Hewlett-Packard, have issued profit warnings before the earnings season which starts on Tuesday.
*World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.
BRUSSELS, Oct 8- Hutchison 3 G will seek to convince doubting EU regulators of the merits of its 1.3- billion-euro bid for France Telecom's.
*World Bank says China economic slowdown could get worse. LONDON, Oct 8- Brent crude oil fell below $111 per barrel on Monday on concerns slower economic growth would curb oil demand, but supply worries stemming from tension in the Middle East helped check losses.
By John Geddie and Christopher Whittall. LONDON, Oct 8- As the world's largest public issuers gather behind closed doors at the IMF/World Bank Annual Meeting this week, a once arcane topic will now figure at the top of the agenda: posting collateral to swap counterparties. Bankers would pay good money to be flies on the wall for this conversation.
*Contract involved purchases of vehicles from Austria. High State Attorney Lucie Bradacova said police have charged Marek Dalik, an adviser to Prime Minister Mirek Topolanek during his term in 2006-2009, with fraud in relation to the government's purchase of 107 Pandur armed personnel carriers from Austria in 2009 for 14.4 billion crowns.
HONG KONG, Oct 8- Hong Kong shares are set to extend a five-session gaining streak on Monday helped by a higher open in Chinese markets that resume trading after a week-long holiday.
ZURICH, Oct 7- Investors are preparing a takeover offer for loss-making Swiss clothing chain Charles Voegele, a newspaper reported on Sunday. The interested part was a retailer from Southern Europe with international ambitions, Der Sonntag said, citing sources close to investors.
*CEZ says Areva fails to meet requirements. PRAGUE, Oct 5- Czech power group CEZ threw out Areva's bid for a multibillion-dollar contract to expand the Temelin nuclear power plant, leaving U.S. and Russian firms to contest the country's biggest-ever energy deal.
NEW YORK-- The psychological thriller "Rebecca" was a hit for author Daphne du Maurier and filmmaker Alfred Hitchcock.
VIENNA, Oct 5- Uncertainty over a controversial merger is expected to delay an auction for Austria's fourth-generation telecoms frequencies until next September, potentially leaving the pioneer in mobile technology among the last European countries to have faster networks.
PRAGUE, Oct 5- Czech power group CEZ has disqualified Areva from a multibillion-dollar tender to expand the Temelin nuclear power plant because the French company failed to meet certain requirements for the project, CEZ said on Friday.
VIENNA, Oct 5- Statistics Austria reported the following economic indicator on Friday: AUSTRIAN TRADE Jul 12* Jun 12** Jul 11** Merchandise trade balance -799.3 -703.3 -773.7 Exports 10,547.5 10,296.6 10,037.7 Imports 11,346.7 10,999.9 10,811.3* preliminary figures** revised figures.