Austria’s finance minister admitted he could not understand the reasoning behind Standard and Poor's' warning about the country’s banks.» Read More
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.
Gabriel Stein, CEO of OMFIF, told CNBC, Austria is suffering from contagion from the crisis as in and of itself it is in better shape than quite a few euro zone countries.
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.
Fritz Mostbock, head of group research at Erste Bank, told CNBC, he thinks Austria is in good shape because of its links to central and eastern European markets which is being perceived as a positive following the crisis.
As a continuation of our series looking at the triple A stocks and countries out there, Steve Sedgwick takes a look at Austria.
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.
CNBC's Kelly Evans reports on all the market moving events from Europe, including an update from the ECB on interest rates, and Moody's credit downgrade of six German banks and three Austrian banks, despite relative strength in both economies.
CNBC's Rick Santelli explains why it's important to keep regulations simple.
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.
"Concerns over rising default risk in Hungary do translate via Austrian banks relatively rapidly into Austrian sovereign debt risks," Richard McGuire, Senior Fixed Income strategist, Rabobank, told CNBC.
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.
CNBC's Bob Pisani reports on the trading day from the NYSE.