John Canally, Investment Strategist and Economist at LPL Financial, explains why Greece still faces long-term structural problems.» Read More
BRDO PRI KRANJU, Slovenia, Oct 4- The European Central Bank is expected to hold interest rates when it meets on Thursday to allow time for new details to emerge on the health of the euro zone economy and for Spain to ask for aid.
BRDO PRI KRANJU, Slovenia, Oct 4- The European Central Bank is expected to hold interest rates when it meets on Thursday to allow time for new details on the health of the euro zone economy and for Spain to ask for aid.
"The tighter October loading schedule has pushed the front-end of the Brent CFD curve into steep backwardation while Platts is assessing Forties at the highest premiums to the 10-25 day Brent strip since late August," said Eugene Lindell, senior crude market analyst at JBC Energy in Vienna. Total bid Oct. 20-24 Forties to dated plus 45 cents and.
Among the 12 applicants were Enerjisa Elektrik, co-owned by Sabanci Holding and Austria's Verbund, as well as Park Holding, Aksa Elektrik, Calik Enerji and Zorlu Holding.
VIENNA, Oct 3- Vienna prosecutors brought their first charges against former top managers at Telekom Austria. Telekom Austria, which has been shaken by a web of scandals that include allegations of slush funds and political payoffs, is suing 20 people it suspects of defrauding the company, from whom it hopes to claw back 20 million euros.
VIENNA, Oct 3- Vienna prosecutors brought their first charges against ex- Telekom Austria top managers as they probe multiple allegations of corruption that have damaged the company's image and may have cost it 20 million euros.
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.
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.
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.
*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.
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.
*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.
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.
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.
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.
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.
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.