John Canally, Investment Strategist and Economist at LPL Financial, explains why Greece still faces long-term structural problems.» Read More
LUXEMBOURG-- European Union finance ministers grappled Tuesday with how to support their struggling banks and ensure that failing financial institutions don't have the power to drag down entire countries with them.
VIENNA, Oct 9- Nearly 200,000 Austrian metal trade workers will get pay rises of at least 3.2 percent next year under a wage accord, employers said on Tuesday. The accord does not cover separate negotiations between staff and large metal industry employers such as Voestalpine.
VIENNA, Oct 9- Nearly 200,000 employees in Austria's metalworking industries will get pay rises of at least 3.2 percent next year under a new wage accord, employers said on Tuesday.
LUXEMBOURG, Oct 9-- European Union finance ministers met in Luxembourg on Tuesday to discuss issues including plans for a financial transactions tax among a core group of countries and progress towards setting up a single banking supervisor for the region. But Greece is saying itself it hasn't implemented them all.
LUXEMBOURG, Oct 9-- European Union finance ministers meet in Luxembourg on Tuesday to discuss issues including plans for a financial transactions tax among a core group of countries and progress towards setting up a single banking supervisor for the region. DUTCH FINANCE MINISTER JAN KEES DE JAGER.
PARIS, Oct 9- European stocks are set to inch higher on Tuesday, halting the previous session's sell-off as expectations mount of further stimulus measures from China, although gains could be limited by broad worries over global growth and on whether or not Spain will request a bailout. ,for Germany's DAX and for France's CAC were up 0.2-0.5 percent.
ATHENS, Greece-- German leader Angela Merkel arrived amid draconian security measures and a mass protest in Athens Tuesday for her first visit to Greece since the eurozone crisis began there three years ago.
VIENNA, Oct 9- Vienna's stock exchange said on Tuesday it feared losing even more trade as a result of a tax on financial transactions set to be introduced in Austria and some other euro zone countries.
Austria- based rubber and plastic products maker Semperit AG Holding wants to buy out Latexx Partners Bhd at 2.30 ringgit per share, in a deal that will propel the former into the world's second largest glove manufacturer. The offer price is a 28.5 percent premium to Latexx's last traded price of 1.79 ringgit before trading was suspended on Monday morning.
HONG KONG, Oct 9- Hong Kong shares were set for a flat to slightly higher open on Tuesday with investors focused on China's domestic markets for direction, after the International Monetary Fund said China's growth was expected to weaken to 7.8 percent this year.
The European Commission, which oversees EU competition policy, has expressed concerns that the planned 1.3 billion euro deal would eliminate one of Austria's four main telecoms providers.
*Benedict Silverman selling important art collection. LONDON, Oct 8- A U.S. art collector whose 20th century paintings from Germany and Austria are valued at more than 100 million pounds has attacked what he called "trophy hunters" who have driven prices higher and created a bubble in the market.
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.