Austria’s finance minister admitted he could not understand the reasoning behind Standard and Poor's' warning about the country’s banks.
Oil sitting comfortably over $100 a barrel leaves OPEC ministers with an easy task to leave output steady at their meeting.
Claus Raidl, president of the Austrian Central Bank, says Russia is still a good market for Austrian banks despite the political tensions over the past few months.
Of the half a trillion dollars held by Russians outside the country, roughly two-thirds is held in accounts in just three countries.
Claus J. Raidl, president of National Bank of Austria, discusses the results of the Austrian elections after the ruling coalition lost votes to the anti-euro right wing opposition.
Claus Raidl, president of the Central Bank of Austria, tells CNBC that it¿s positively not the case that Austria is going down the drain and these accusations are just the product of an electoral campaign.
The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks.
Despite cooling of talks between Austria and Poland about a possible merger of their two stock exchanges, CEO of the Warsaw index has given his strongest hint yet that a deal is drawing closer.
OPEC oil exporters agreed on Friday to leave output policy unchanged on Friday as oil held around the group's preferred level of $100 a barrel.
Oil traders should not lose too much sleep worrying about what OPEC, often unpredictable and quarrelsome in the past, will do when it meets next week.
Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.
Bank privacy is a "holy cow" for Austrians, Herbert Stepic, CEO of Austria's Raiffeisen Bank, tells CNBC. France has threatened to blacklist Austria if it will not move in line with EU efforts to combat tax avoidance.
A financial trading tax (FTT) planned by a group of euro zone nations could leave major banks, its main target, relatively unscathed while less nimble smaller trading houses, pension funds and asset managers bear the brunt.
The Austrian province of Salzburg did not lose money as feared from covert trades by a civil servant, but actually made money from its financial management, the province said on Wednesday.
OPEC agreed on Wednesday to hold its oil production limit unchanged at 30 million barrels a day, delegates at the meeting said. Ministers of the Organization of the Petroleum Exporting Countries continued in closed session to debate who should be the group's next secretary general. They were divided over candidacies from Saudi Arabia and Iraq.
Facebook privacy campaign group europe-v-facebook plans to sue the social network in Ireland,it said on Tuesday.
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FRANKFURT, Nov 5- When the European Parliament turned Yves Mersch down for a top central banking post, it wasn't because he lacked the expertise or experience; they rejected him because he is a man. Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank's all-male board anyway.
Polls indicate the race between President Barack Obama and Republican challenger Mitt Romney will be very close with the risk of a change in fiscal and monetary policy in the world's largest economy keeping investors on the sidelines.
FRANKFURT, Nov 6- The European Central Bank is set to leave interest rates unchanged on Thursday, deferring a cut in borrowing costs that would risk undermining the impact of Mario Draghi's signature policy a year into his ECB presidency.