Europe Top News and Analysis Austria

  • *Allianz Global Investors prepared to sell to AMS. VIENNA/ MUNICH, Sept 16- Osram advised shareholders to accept a 4.3 billion euro bid from AMS on Monday, bringing the Austrian sensor specialist a step closer to taking over the bigger German lighting group. AMS, best known for supplying Apple with sensors for its latest iPhones, this month offered 38.50 euros per...

  • IN THE BALTIC SEA, Sweden, Sept 16- With each 24- tonne steel pipe laid on the seabed of the Baltic Sea, the vessel Solitaire is edging closer to what could be a costly hold-up for the Russian-led gas pipline project which has divided the European Union. The crew onboard the Solitaire expect to reach Danish waters early next month, but Denmark has yet to approve the...

  • finger at Iran for attack@. *Washington accuses Iran of attack on global economy. DUBAI, Sept 16- An attack on Saudi Arabia that shut 5% of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was "locked and loaded" to retaliate.

  • TOKYO, Sept 13- Oil futures fell on Friday as optimism over an end to the U.S.- China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Gloom over the dispute between Washington and Beijing left investors shrugging off a commitment from Organization of the Petroleum Exporting Countries producers to trim output, with more signs...

  • TOKYO, Sept 13- Oil futures fell on Friday as optimism over an end to the U.S.- China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Gloom over the dispute between Washington and Beijing left investors shrugging off a commitment from Organization of the Petroleum Exporting Countries producers to trim output, with more signs...

  • ABU DHABI, Sept 12- OPEC is notorious for arguing over production policies- but Prince Abdulaziz bin Salman has effectively managed to deliver his first output cut just four days after becoming the new Saudi energy minister. Prince Abdulaziz said first and foremost he was keen to rebuild trust with oil neighbours Kuwait, the United Arab Emirates, Oman and other...

  • *ECB rate decision at 1145 GMT, news conference 1230 GMT. LONDON, Sept 12- Euro zone bond markets were braced on Thursday for the European Central Bank to announce fresh stimulus measures, but uncertainty reigned over the bank's precise moves. "Whether the ECB cuts rates by 10 or 20 bps is neither here or there," said Chris Scicluna, head of economic research at Daiwa...

  • *ECB rate decision at 1145 GMT, news conference 1230 GMT. LONDON, Sept 12- Euro zone bond markets were braced on Thursday for the European Central Bank to announce fresh stimulus measures, but uncertainty reigned over the bank's precise moves. "Whether the ECB cuts rates by 10 or 20 bps is neither here or there," said Chris Scicluna, head of economic research at Daiwa...

  • FRANKFURT, Sept 12- The European Central Bank is set to unveil fresh stimulus measures on Thursday to prop up the ailing euro zone economy, but its exact moves are far from certain and a decision that underwhelms markets risks pushing up borrowing costs. With other major central banks easing monetary policy, Germany at risk of falling into recession and...

  • *2020 deficit goal seen near 2.4% rejected by Brussels this year. *Italy may have ally in new EU economics commissioner. ROME, Sept 10- Italy's new ruling coalition plans to raise its budget deficit to around 2.3% of economic output next year, sources said, in a move that would risk reigniting tensions with the European Union.

  • BONN, Sept 4- A British banker charged with fraud in Germany has agreed to reveal the workings of a share trading scheme which prosecutors allege cost the country 450 million euros in lost taxes, his lawyer said on Wednesday. The trial is the first in a wider investigation aimed at recovering billions from banks who profited from a scheme described by finance...

  • LONDON, Sept 3- Italy's 10- year government bond yield hit a fresh record low on Tuesday as optimism grew ahead of an online ballot by 5- Star members to approve a coalition deal with the Democratic Party that investors have been betting on for a week. Members of 5- Star will hold a ballot on the party's internet platform from 0700 to 1600 GMT on Tuesday to decide...

  • MOSCOW/ VIENNA, Aug 29- A Russian liquefied natural gas unit hailed by President Vladimir Putin as a guarantor of energy security to Russia's Kaliningrad enclave has been leased by OMV, in the absence of immediate threats to its overland gas supplies. The Marshal Vasilevskiy floating storage and regasification unit- a terminal with storage facilities which...

  • LONDON, Aug 29- August has turned out to be another month of milestones for bond markets as an escalating trade conflict fans recession fears, pushing borrowing costs deeper and deeper into negative territory. Some $16 trillion of global debt, including corporate and sovereign bonds, now yield less than 0%, up from almost $13 trillion in early July.

  • VIENNA, Aug 22- Austria's AMS aims to complete the integration of Osram Licht after a takeover within three years and then run the German company as a 100% subsidiary, the finance chief of the Swiss-listed group told Reuters. AMS will focus on key technologies for the auto industry to realise the planned revenue growth, Michael Wachsler-Markowitsch said on...

  • *Italy opens investigation into rescue response time. PARIS, Aug 21- Badly injured on a cliffside in southern Italy, a French hiker called emergency services this month, but he could not tell them exactly where he was after a fall that broke his legs. It took rescuers nine days to locate Simon Gautier's body, but it could have been found much sooner had Italy installed...

  • LNG imports into Europe have jumped amid lower than expected spot demand from Asia, which has helped to send European gas prices to 10- year lows and filled European storages to multi-year highs. The share of LNG in gas supplied to western and central Europe increased to 14% between October 2018 and August 2019 from 5% in the same period of 2017-18..

  • BRUSSELS, Aug 17- The outgoing head of the European Union's executive, Jean-Claude Juncker of the European Commission, has cut short a holiday to undergo urgent surgery, his press team said in a statement on Saturday. "Jean-Claude Juncker had to shorten his holiday in Austria for medical reasons. Juncker, a former Luxembourg premier whose health has been the...

  • Aug 15- European shares edged higher on Thursday, after a brutal sell-off was fueled by global recessionary fears, but investors were hoping central banks would step in to ease monetary policy and soothe markets. London's FTSE 100 index was the only major index in the red with oil majors leading declines as crude prices slumped. Markets in Italy, Austria and...

  • NEW YORK, Aug 13- Oil prices rose over 3% on Tuesday after the United States said it will delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months. Brent futures were up $2.08, or 3.6%, to $60.65 a barrel by 11:07 a.m. EDT, while U.S. West Texas Intermediate crude was up $1.86, or 3.4%, to...