Christoph Kaml, CFO at Palfinger, says the Austrian crane-maker's international businesses are making up for the weak orders in Europe.» Read More
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.
"The stake in Erste Group controlled by Erste Foundation after the transaction will amount to an approximate 20.2 percent," a statement said, adding the foundation was not planning any further share sales.
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's triple-A credit rating hangs in the balance, and analysts are divided as to whether the country is more at risk from its banks’ heavy exposure to ex-Communist Eastern Europe or from heavily indebted Western Europe.
The countries with the least to lose from leaving the euro aren't the ones you think - and that could be bad news for the euro.
A Hungarian delegation prepares to resume talks with the International Monetary Fund this week, hoping to secure a credit lifeline while investors continue to push up the country’s borrowing costs.
A collapse of the euro will not benefit any of the 17-member currency zone's members and struggling euro zone countries must instead focus on getting their finances in order to restore stability, Austrian finance minister Maria Fekter told CNBC.
Austrian bank supervisors have instructed the country banks to limit future lending in their east European subsidiaries, a further sign of the potential knock-on effects of the euro zone crisis for economies around the world.
The Austrian finance ministry reacted to a market swing against the country's sovereign debt Friday by saying that its triple A credit rating remains "stable."
There are many different ways a city can disappear. Click and prepare to feel unsettled by the transience of human settlements.
Hungary's decision to help its citizens pay back the foreign exchange loans they took at the height of the economic boom a few years back has sparked outrage among banks and spooked foreign investors.
Even as France and Germany were proposing new euro zone reforms, Finland was inking its own deal with Greece. Now others want in.
Russian state-owned bank Sberbank is not looking to buy the Eastern European assets of Austrian bank Raiffeisen and it is still in talks to buy the Eastern European branches of Volksbank, Sberbank CEO Herman Gref told reporters on Wednesday.