Nicholas Ferres, investment director of Global Asset Allocation at Eastspring Investments, explains why he likes the metals and mining sector in Austria and Russia.» Read More
FRANKFURT, Nov 6- The European Central Bank is set to leave interest rates unchanged on Thursday, deferring a cut in borrowing costs that would risk undermining the impact of Mario Draghi's signature policy a year into his ECB presidency.
LONDON, Nov 6- Low-risk German government bonds edged up, with investors wary of placing big bets before Tuesday's close-run U.S. election and a Greek parliamentary vote on crucial austerity measures.
FRANKFURT, Nov 5- When the European Parliament turned Yves Mersch down for a top central banking post, it wasn't because he lacked the expertise or experience; they rejected him because he is a man. Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank's all-male board anyway.
*France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Nov 1- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.
*France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Oct 31- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.
*France objects to proposed farm subsidy cuts. BRUSSELS, Oct 31- France joined a growing list of European Union governments threatening to veto the bloc's next long-term budget, turning up the heat at the start of divisive bargaining over a 1 trillion euro spending plan.
*Say own tests, Novartis data show flu vaccines safe. ZURICH, Oct 31- Canadian and Swiss health authorities lifted a ban on Novartis's flu vaccines on Wednesday after the drugmaker showed they posed no risk to safety.
The government said on Wednesday it had granted permission for the finance department to add eight new staff to a group created in 2011, after Switzerland promised to relax its traditional bank secrecy and do more to help stop tax evasion.
VIENNA, Oct 31- T-Mobile Austria could slash investment or even withdraw from the country if it is not allowed to compete with rivals that get frequencies needed for fourth-generation LTE mobile products, CEO Andreas Bierwirth told a newspaper. The Deutsche Telekom unit is Austria's second-biggest mobile provider after Telekom Austria.
Michael Buhl, CEO of CEE Stock Exchange (the largest player among the stock exchanges of Central and Eastern Europe) tells CNBC that equity cash trading is picking up but a financial transaction tax is not positive for the stock exchange.
BERLIN-- Six European countries have ordered a temporary ban on the import or use of some Novartis flu vaccines. Austria, France, Germany, Italy, Spain and Switzerland have limited the use of Fluad or Aggripal, or both, after the company reported the appearance of small particles in the vaccine to Italian authorities.
ARCHAR, Bulgaria-- On the banks of the Danube, in the northwest corner of Bulgaria, lie the remnants of an ancient Roman settlement called Ratiaria, host to a priceless cultural heritage.
STRASBOURG, France, Oct 25- The European Parliament rejected Luxembourg banker Yves Mersch's nomination to the board of the European Central Bank on Thursday because of his gender, raising the stakes in a showdown with EU governments over power and women's rights.
*First court verdict to thwart Gazprom's take-or-pay claim. *Gazprom paid $2.5 bln to European firms as part of pricing deal. PRAGUE/ MOSCOW, Oct 24- RWE Transgas, the Czech unit of Germany's RWE, has won a landmark dispute with Gazprom over gas contracts, after a court ruled for the first time that a company did not have to pay fines under a ``take-or-pay'' clause.
*OPEC secretary general post comes up in 2013. LONDON/ DUBAI, Oct 23- OPEC remains in a stalemate over selecting its next secretary general, delegates to the producer group said on Tuesday after a two-day meeting, due to rivalry between four member-countries over its top administrative post.
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.