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Europe Top News and Analysis Austria


  • 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.

  • LONDON, Oct 1- The results of two studies into Roche's breast cancer drug Herceptin published on Monday showed that the current standard treatment of taking the drug for a year provides the best outcome for patients.

  • 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.

  • WARSAW, Oct 1- Brokerage houses in Warsaw are scaling back operations and in some cases could leave altogether because the boom in stock-market listings that helped them escape blood-letting in other financial hubs is fizzling out.

  • A glance at unemployment rates around the eurozone Monday, 1 Oct 2012 | 6:43 AM ET
  • Eurozone unemployment stuck at record 11.4 pct Monday, 1 Oct 2012 | 5:28 AM ET

    Europe's problems are dragging down the global economy. Six countries in the eurozone _ Greece, Spain, Italy, Cyprus, Malta and Portugal _ are already in recession. Howard Archer, the chief economist for IHS Global Insight, said it will take some time before Europe's labor market rebounds.

  • *Unemployment highest in Spain, lowest in Austria. BRUSSELS, Oct 1- Unemployment in the euro zone remained at record highs in August and the number of people out of work climbed again, highlighting the human cost of the bloc's three-year debt crisis.

  • TEXT-S&P summary: UniCredit SpA Monday, 1 Oct 2012 | 4:44 AM ET

    Oct 01-=============================================================================== Summary analysis-- UniCredit SpA--------------------------------- 01- Oct-2012=============================================================================== CREDIT RATING: BBB+/ Negative/A-2 Country: Italy Primary SIC: National commercial banks Mult.

  • TABLE-Austrian Sept jobless rate falls to 6.1 pct Monday, 1 Oct 2012 | 3:50 AM ET

    VIENNA, Oct 1- Austria's unemployment rate fell to 6.1 percent in September, t he ministry of labour and social affairs said on Monday. KEY FIGURES AUSTRIAN UNEMPLOYMENT Sept 12* Aug 12* Sept 11. Registered unemployed 229.0 232.7 218.2.