Governor of the Austrian National Bank, Ewald Nowotny says that given how "very strict" the stress tests were, having only one of six banks having issues with the stress test scenario was "quite a good result".» Read More
NEW DELHI-- The first woman to lead a Formula One team has another reason to look forward to the Indian Grand Prix next week _ it's in her home country. The 41- year-old Monisha Kaltenborn was promoted from Sauber's chief executive to its team principal last week. Her main focus is ensuring the Switzerland- based team improves on its four podium finishes this season.
LJUBLJANA, Slovenia-- Andrej Plut has always thought he was fortunate to live in Slovenia, at one time the most prosperous of the former republics of Yugoslavia and a star among the eastern European states that joined the EU after the fall of communism.
Nine other euro zone states joined France and Germany-- which have strongly pushed the measure-- in approving the tax at a European Union finance ministers meeting in Brussels this week, despite vocal opposition from Britain and Sweden. After heavy diplomatic pressure from Berlin, Spain and Italy agreed to support the measure, as well as Slovakia and Estonia.
BRUSSELS, Oct 12- The European Union provisionally approved new economic sanctions against Iran over its nuclear programme on Friday, with senior diplomats giving their backing to measures against Tehran's banking sector, industry and shipping.
FRANKFURT/ VIENNA, Oct 12- Austrian energy group Verbund AG is in talks regarding its business in Turkey and is exploring a range of options from scaling back to expanding, it said on Friday.
VIENNA, Oct 12- Austria's export-dependent economy may contract in the third quarter and stagnate in the fourth but is still expected to avoid slipping into recession, the central bank said, sticking to its forecast for 0.8 percent growth in 2012..
VIENNA, Oct 12- U.S. hedge fund Golden Tree has converted debt into equity of Austrian lender BAWAG PSK, an Austrian newspaper reported, saying it could get a stake as high as nearly 10 percent.
*Nifty futures on the Singapore Exchange. FACTORS TO WATCH* Infosys, India's no. 2 software services provider, will report September quarter earnings. *A committee, led by prime minister's Economic Advisory Council chief C. Rangarajan, will recommend lifting curbs on India's tightly controlled sugar sector.
*Yves Mersch to have hearing with parliament on Oct. 22. BRUSSELS, Oct 11- The European Parliament is set to reject Luxembourg central banker Yves Mersch's appointment to the European Central Bank's executive board on grounds that he is a man and insufficient efforts have been made to appoint a woman.
AMSTERDAM, Oct 11- Dutch Prime Minister Mark Rutte and his future coalition partner outlined on Thursday their common position on how to tackle the euro zone crisis ahead of a European Union summit next week, calling for broader banking supervision and fiscal discipline.
October 11- Following are terms and conditions. of a bond priced on Thursday.
*Some nuclear experts worry about proliferation risks* They say laser enrichment plants smaller, harder to detect* Iran says it "possesses" laser know-how but won't use it By Fredrik Dahl.
BERLIN-- Europe's economic outlook darkened further Thursday when top economists slashed their growth forecasts for Germany and warned that public support for more financial aid to struggling countries was evaporating.
BERLIN-- Germany's leading economic research institutes have halved their prediction for the country's growth next year, saying the financial woes of other European nations continue to weigh heavily on the bloc's largest economy.
LONDON, Oct 11- BBVA shifted its stance of calling subordinated bonds at the earliest opportunity, as Spain's second largest bank struggles to fund at sustainable levels in the wholesale markets. On Wednesday, Austria's Raiffeisen Bank International gave investors in a Tier 2 bond a similar warning.
*North Sea output to fall by 1 percent in November. BP purchased its fourth cargo this week on Thursday and rival traders expect the oil to be loaded onto a Very Large Crude Carrier bound for South Korea, removing a chunk of supply from northwest Europe.
*Yves Mersch to have hearing with parliament Oct. 22. BRUSSELS, Oct 11- The European Parliament is set to reject Luxembourg central banker Yves Mersch's appointment to the European Central Bank's executive board on grounds that he is a man and insufficient efforts have been made to appoint a woman.
VIENNA, Oct 10- Austrian construction group Alpine Holding is taking measures to deal with tough market conditions and has adequate liquidity, it said on Wednesday, rejecting a magazine report that its finances were stretched. Liquidity has been sufficiently secured, " Austria's second-biggest construction company, a unit of Spain's FCC, said in a statement.
BRUSSELS, Oct 10- The European Parliament will vote on the proposed appointment of Yves Mersch to the European Central Bank's Executive Board later this month after a delay to protest against male bias, a parliamentary source said on Wednesday.
*Rare chance for Sudan to meet Western firms. *Sudan and South came close to war in April. VIENNA, Oct 10- Sudan and South Sudan pledged to work together to rebuild their shattered economies and not to return to war in a joint plea for foreign investment after signing a critical trade and border agreement last month.