Banks including Barclays and Wells Fargo are facing potentially heavy losses on an $850m loan made to two oil and gas companies, the FT reports.» Read More
VIENNA, Oct 5- Uncertainty over a controversial merger is expected to delay an auction for Austria's fourth-generation telecoms frequencies until next September, potentially leaving the pioneer in mobile technology among the last European countries to have faster networks.
PRAGUE, Oct 5- Czech power group CEZ has disqualified Areva from a multibillion-dollar tender to expand the Temelin nuclear power plant because the French company failed to meet certain requirements for the project, CEZ said on Friday.
VIENNA, Oct 5- Statistics Austria reported the following economic indicator on Friday: AUSTRIAN TRADE Jul 12* Jun 12** Jul 11** Merchandise trade balance -799.3 -703.3 -773.7 Exports 10,547.5 10,296.6 10,037.7 Imports 11,346.7 10,999.9 10,811.3* preliminary figures** revised figures.
VIENNA, Oct 5- Austrian energy group OMV. OMV and its joint venture partners, Italy's Eni and U.S. power company PPL, will invest 107 million euros to drill and complete new wells and build a new pipeline to connect Latif with its Sawan processing plant.
*Commission cannot force states to apply recommendations. BRUSSELS, Oct 4- Regulators and operators should act now to improve safety at nuclear power plants, the EU energy commissioner said on Thursday, following inspections across the European Union.
*Spot prices mixed with Germany's down on more green power. FRANKFURT, Oct 4- Prices along Europe's power forward curve recovered on Thursday, led by oil's rise on Middle East concerns, which spilled over into related fuels, traders said. Germany's annual baseload contract for 2013.
VIENNA, Oct 4- Europe is unlikely to benefit soon from a coming golden age of natural gas as unconventional sources will not transform supply of the fuel and oil-linked contracts will keep its prices high, the head of the International Energy Agency said.
Whatever the case, Hungary's decision to ban the ubiquitous slot machines seen in pubs, bars and parlors across the country goes against a gambling boom seen elsewhere in Eastern Europe, even as economic times get tougher.
VIENNA, Oct 4- The fabled Viennese fondness for fine funerals and "a schoene Leich"- a beautiful corpse- is about to get a modern twist. The first QR codes will start appearing on graves in Austria within weeks, said Joerg Bauer, project leader for Austrian bereavement company Aspetos, who has been working on the QR project for five years.
BRDO PRI KRANJU, Slovenia, Oct 4- European Central Bank President Mario Draghi will keep his bond-buying bazooka on display when the bank meets on Thursday, but Spain's reluctance to request aid from EU partners means he is unlikely to pull the trigger soon.
BRDO PRI KRANJU, Slovenia, Oct 4- The European Central Bank is expected to hold interest rates when it meets on Thursday to allow time for new details to emerge on the health of the euro zone economy and for Spain to ask for aid.
BRDO PRI KRANJU, Slovenia, Oct 4- The European Central Bank is expected to hold interest rates when it meets on Thursday to allow time for new details on the health of the euro zone economy and for Spain to ask for aid.
"The tighter October loading schedule has pushed the front-end of the Brent CFD curve into steep backwardation while Platts is assessing Forties at the highest premiums to the 10-25 day Brent strip since late August," said Eugene Lindell, senior crude market analyst at JBC Energy in Vienna. Total bid Oct. 20-24 Forties to dated plus 45 cents and.
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.
VIENNA, Oct 3- Vienna prosecutors brought their first charges against former top managers at Telekom Austria. Telekom Austria, which has been shaken by a web of scandals that include allegations of slush funds and political payoffs, is suing 20 people it suspects of defrauding the company, from whom it hopes to claw back 20 million euros.
VIENNA, Oct 3- Vienna prosecutors brought their first charges against ex- Telekom Austria top managers as they probe multiple allegations of corruption that have damaged the company's image and may have cost it 20 million euros.
VIENNA, Oct 3- Austrian cellulose fibre maker Lenzing has bought the remaining 25 percent of Czech pulp producer Biocel Paskov it did not already own from Austria's Heinzel Group, it said on Wednesday without disclosing the price. Lenzing bought 75 percent of Biocel Paskov from Heinzel in 2010. The Czech company employs almost 400 people.
NEW YORK-- An opera-loving philanthropist convicted of a multimillion-dollar fraud will soon be freed from prison on bail after a federal appeals court signaled on Tuesday he might be succeeding in proving his case deserves a second look.
BRISBANE, Calif.-- InterMune Inc. said Tuesday that Canadian regulators approved its lung-disease drug Esbriet. InterMune said Health Canada approved Esbriet as a treatment for mild-to-moderate idiopathic pulmonary fibrosis in adults.