Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.» Read More
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.
"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.