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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.
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BERLIN, April 5- German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus had shown was flawed.
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PARIS, April 4- OPEC is happy with the producer group's official oil output ceiling of 30 million barrels per day, its secretary general Abdullah al-Badri said on Thursday, ahead of an OPEC meeting next month to set output policy.
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NEW YORK-- General Motors Co. said Tuesday that its financial arm completed the purchase of most of Ally Financial's operations in Europe and Latin America.
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*Slovenia does not need to go to bond market now. LJUBLJANA, March 29- Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt, its top economic official said on Friday.
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*Slovenia does not need to go to bond market now. LJUBLJANA, March 29- Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt, its top economic official said on Friday.
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LONDON, March 28- OPEC crude oil output is on course to reach its lowest since October 2011 this month as unrest in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
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*Germany hits back after getting blame for tough Cyprus deal. BERLIN, March 27- A wave of anti-German sentiment unleashed by the harsh conditions imposed in a 10- billion euro bailout for Cyprus has stung politicians in Berlin and may harden resistance to further euro zone rescue measures in the run-up to a September election.
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*Germany hits back after getting blame for tough Cyprus deal. BERLIN, March 27- A wave of anti-German sentiment unleashed by the harsh conditions imposed in a 10- billion euro bailout for Cyprus has stung politicians in Berlin and may harden resistance to further euro zone rescue measures in the run-up to a September election.
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VIENNA, March 27- Austria's Salzburg province will try to claw back money from banks by questioning if they improperly sold a large number of complex financial products to a bureaucrat unauthorised to do such deals.
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PRAGUE, March 27- Slovakia and Poland plan to sign a deal to build a gas pipeline connecting the two countries' networks in June, the two countries' prime ministers said on Wednesday.
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BRUSSELS, March 27- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Spanish infrastructure group Ferrovial to buy British utility services company Enterprise Plc.
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"Europe only looks, we think, clearly cheap on trend earnings using the Shiller methodology, but the current trend rate of real EPS growth looks unsustainable to us: if we put in a more realistic trend growth rate, then this' cheap' valuation disappears," they write in a note. "In short, continental Europe is the only region globally with tight fiscal and monetary policy.
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VIENNA, March 27- Austrian industrial production rose 2.2 percent in January from the year before, Statistics Austria reported on Wednesday. Jan 13* Dec 12** Jan 12**. NOTE- The EU-harmonised index is adjusted for working days.
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*Rules out sale of Endesa assets, Enel Green Power stake. BRUSSELS, March 26- Enel, Italy's biggest utility, is interested in taking a stake of up to 20 percent in the Trans-Adriatic Pipeline project that aims to pump Azeri gas to Europe, the group's chief executive said on Tuesday.
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BRUSSELS, March 26- The European Commission should not set specific fees for telecoms firms seeking access to traditional copper networks as it would mean consumers paying more in Poland, Austria and eight other EU countries, national regulators said on Tuesday.
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BRUSSELS, March 26- The European Commission should not set specific fees for telecoms firms seeking access to traditional copper networks as it would mean consumers paying more in Poland, Austria and eight other EU countries, national regulators said on Tuesday.
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FRANKFURT/ VIENNA, March 26- When Wolfgang Eder and his team started looking around for a site for a new plant for Voestalpine, the Austrian steelmaker he heads, they had 17 sites in eight countries on their list.
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By Maria Sheahan and Georgina Prodhan. FRANKFURT/ VIENNA, March 26- When Wolfgang Eder and his team started looking around for a site for a new plant for Voestalpine, the Austrian steelmaker he heads, they had 17 sites in eight countries on their list.
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LONDON, March 26- The Albanian government on Tuesday ratified an agreement with Italy and Greece on the construction and operation of the Trans Adriatic Pipeline project which aims to carry Azeri natural gas to Italy, TAP said in a statement. The group has yet to decide whether to pump it to Europe via Italy or Austria.
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PRAGUE, March 26- The banking crisis in Cyprus is a special case and the rescue plan used is not a model for other countries, European Central Bank Governing Council member Ewald Nowotny said on Tuesday.