The United States trails most industrialized nations in terms of educational equality, which exacerbates the income gap. The New York Times reports.» Read More
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.
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.
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.
*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.
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.
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.
Oct 01-=============================================================================== Summary analysis-- UniCredit SpA--------------------------------- 01- Oct-2012=============================================================================== CREDIT RATING: BBB+/ Negative/A-2 Country: Italy Primary SIC: National commercial banks Mult.
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.
By Kate Kelland LONDON, Oct 1- Extending treatment with Roche's. Analysts had said the Swiss firm, the world's biggest maker of cancer drugs, could lose up to $1.5 billion in revenue from the blockbuster medicine in the medium term if six months treatment had been shown to be just as effective.
*HERA trial favours status quo, PHARE trial inconclusive* Experts say key message is one year of Herceptin is best* Results limit downside risk for Roche's Herceptin revenues By Kate Kelland LONDON, Oct 1- Extending treatment with Roche'S. Data from both trials were presented at the European Society of Medical Oncology conference in Vienna on Monday.
BRATISLAVA, Oct 1- The Slovak government's decision to double a levy on bank deposits will hurt banks' profitability and creditworthiness and eventually dent their loan capacity, credit rating agency Moody's said on Monday in a special report.