LUXEMBOURG-- Europe made little progress Tuesday in its efforts to secure the region's stricken financial system and ensure that failing banks never risk an entire country's economy again when finance ministers from the 27- country European Union failed to agree on how a single banking supervisor should be set up.
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. AUSTRIAN FINANCE MINISTER MARIA FEKTER On Spain.
*UK, Sweden, free-marketeers strongly opposed. The initiative, pushed hard by Germany and France but strongly opposed by Britain, Sweden and other free-marketeers, gained critical mass at a European Union finance ministers' meeting in Luxembourg, when more than the required nine states agreed to use a treaty provision to launch the tax.
LUXEMBOURG, Oct 9- The 11 euro zone countries that agreed to push ahead with a tax on their financial transactions will present a model for how this could work by the end of the year, Austrian Finance Minister Maria Fekter said on Tuesday.
UniCredit Bank Austria and Banco Popolare struggled to find demand for their respective five- and long three-year deals, despite impressive order books built by rivals Intesa Sanpaolo, Italy's largest retail bank, and Dutch F Van Lanschot the same day.
VIENNA, Oct 9- Austrian rubber and plastic products maker Semperit Holding AG has increased its stake in Malaysian medical glove maker Latexx Partners Bhd.
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.