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Austria

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  • *Industrialist was arrested in Austria on U.S. request. One of Ukraine's most influential oligarchs, Firtash, 49, was arrested in Vienna a year ago at the request of U.S. authorities, which have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president...

  • BERLIN, April 30- Volkswagen and newly departed chairman Ferdinand Piech clashed again on Thursday over supervisory board appointments, causing new strains at the carmaker ahead of what is likely to become a tense shareholder meeting next Tuesday. Europe's largest automaker on Thursday sought to regain the initiative by appointing two members of the Piech...

  • The 49- year-old, one of Ukraine's most influential oligarchs, was arrested in Vienna a year ago at the request of U.S. authorities, who have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president Viktor Yanukovich, coincided with a sharp...

  • DIARY- Top Economic Events to May 12 Tuesday, 28 Apr 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Division of Banking Supervision and Regulation Deputy Director Mark van der Weide testifies on insurance regulation before the House Financial Services subcommittee on housing and insurance- 1400 GMT. Treasury Under Secretary for International Affairs Nathan Sheets speaks on "What to Expect from the Next U.S.- China...

  • BERLIN/ FRANKFURT, April 27- Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board. When news leaked out last week that Piech had been lobbying family members behind the...

  • BERLIN, April 23- Volkswagen Chairman Ferdinand Piech denied he planned a second attempt to get rid of Chief Executive Martin Winterkorn after a rift between the two plunged Europe's biggest carmaker into crisis. Earlier on Thursday, broadcaster NDR reported that Piech did not feel bound by last week's decision and was seeking support within the ruling...

  • MOSCOW, April 23- Western companies are sticking with Russia, waiting for an economic rebound that they expect will once again bring rich rewards although some have cut operations to weather the slump. Russia is expecting a steep recession this year, caused by low international oil prices and Western sanctions over the Ukraine conflict even though...

  • DIARY- Top Economic Events to May 5 Wednesday, 22 Apr 2015 | 8:01 PM ET

    WASHINGTON- The Atlantic holds summit on the economy. WASHINGTON- Senate Finance Committee holds hearing on nominations of Anne Elizabeth Wall to be a deputy undersecretary of the Treasury and Brodi Fontenot to be chief financial officer, U.S. Department of the Treasury- 1800 GMT. RIGA- Germany's Bundesbank board member Andreas Dombret speech on developing...

  • ATHENS/ BRUSSELS, April 22- Greece can scrape together enough cash to meet its payment obligations until June, euro zone and Greek officials said on Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to release fresh aid. Greece has received two international bailouts worth 240 billion euros since 2010 but its...

  • DIARY- Top Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:01 PM ET

    NEW YORK- Germany's Bundesbank board member Andreas Dombret speaks on current situation in the euro area- 1700 GMT. WASHINGTON- Senate Finance Committee holds hearing on nominations of Anne Elizabeth Wall to be a deputy undersecretary of the Treasury and Brodi Fontenot to be chief financial officer, U.S. Department of the Treasury- 1800 GMT.

  • BRUSSELS, April 21- Euro zone finance ministers will not set any deadline for Greece to come up with reforms to get more funding because such time limits lead to brinkmanship in negotiations, a senior euro zone official said on Tuesday. Greece, which is quickly running out of cash, pledged to its euro zone partners in February that by the end of April it would agree...

  • VIENNA, April 21- European Commission President Jean-Claude Juncker urged Greece on Tuesday to step up efforts to strike a deal with its international creditors, warning that talks were not advanced enough to find a quick solution. "Greece has a humanitarian crisis which one has to face so it's out of the question to abandon Greece," Juncker said in Vienna. "

  • EU's Juncker wants greater Greek effort in debt talks Tuesday, 21 Apr 2015 | 9:14 AM ET

    VIENNA, April 21- European Commission President Jean-Claude Juncker urged Greece on Tuesday to step up efforts to strike a deal with its international creditors, warning that talks had not reached a stage at which they could come to a quick positive end. "We are absolutely not satisfied with the course of talks so far. There is urgent need for greater efforts on the...

  • DIARY- Top Economic Events to April 30 Monday, 20 Apr 2015 | 8:01 PM ET

    SYDNEY- Reserve Bank of Australia to release the minutes of its April policy meeting- 0130 GMT. GENEVA- European Central Bank Supervisory Board Chair Daniele Nouy speaks at the International Center for Monetary and Banking Studies- 1630 GMT. STOCKHOLM- Sweden's Riksbank Deputy Governor Henry Ohlsson takes part in panel debate- 1115 GMT.

  • Chairman Piech's grip on VW weakened by row with CEO Sunday, 19 Apr 2015 | 11:41 AM ET

    *Big shareholder Porsche says eager to calm situation. BERLIN/ HAMBURG, April 19- Volkswagen Chairman Ferdinand Piech's iron grip on the German carmaker has been severely weakened following a dramatic confrontation with senior board members last week that nearly resulted in a push to oust him, sources told Reuters. After an emergency meeting in Salzburg last...

  • FRANKFURT, April 18- Senior members of Volkswagen's supervisory board were prepared to demand Chairman Ferdinand Piech's resignation had he not agreed to a statement backing Chief Executive Martin Winterkorn, a German newspaper reported on Saturday. Reuters reported on Friday that Piech had been isolated at the Thursday meeting in Salzburg, with all five...

  • BERLIN/ HAMBURG, April 17- Volkswagen CEO Martin Winterkorn has survived a challenge from powerful chairman Ferdinand Piech, but their row remains a distraction for the carmaker as it struggles to boost profits and revamp its ailing U.S. business. The committee issued a statement on Friday giving Winterkorn its "full support" and announcing that it would...

  • BERLIN, April 17- Martin Winterkorn will stay on as chief executive of Volkswagen, the German carmaker said on Friday, in an unprecedented defeat for its powerful chairman. Ferdinand Piech, the patriarch of Volkswagen's founding family, had provoked a showdown with Winterkorn by planting a comment in weekly magazine Der Spiegel last week that he had "distanced...

  • DIARY- Top Economic Events to April 29 Thursday, 16 Apr 2015 | 8:01 PM ET

    WASHINGTON- 2015 Spring Meetings of the World Bank Group and the International Monetary Fund. WASHINGTON- Institute for International Finance hosts International Capital Markets and Emerging Markets Roundtable. NEW YORK- Reserve Bank of Australia Governor Glenn Stevens speaks at an American Australian Association luncheon hosted by Goldman Sachs- 1630...

  • BERLIN, April 16- Leading economic institutes from Germany, Austria and Switzerland warned on Thursday there was a risk stock market bubbles could form as a result of the European Central Bank's money-printing stimulus. Under a quantitative easing programme which started in early March, the ECB aims to buy 60 billion euros of bonds a month until September 2016,...