European Technology, Media and Telecoms Correspondent
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Nov 15, 2013

Far-right parties seek common strategy for EU election

VIENNA (Reuters) – Representatives of far-right parties from five EU nations tried to build a common strategy on Friday for European Parliament elections next May when their anti-immigrant message is expected to bolster their support.

The populist parties hope to create a new political group within the parliament after the elections, capitalizing on what polls suggest is rising voter frustration with mainstream politics and the European Union.

Nov 14, 2013

America Movil says plans no hostile bid for Telekom Austria

VIENNA, Nov 14 (Reuters) – America Movil does not
plan a hostile takeover bid for Telekom Austria
following its failed attempt to buy Dutch company KPN,
its chief executive said.

Daniel Hajj said the Latin American group controlled by
billionaire Carlos Slim had not taken its stake in Telekom
Austria a year ago in order to take over the company, and saw
itself as a stable partner of fellow large shareholder Austria.

Nov 13, 2013

Constantia Flexibles share offer to raise up to 821 mln euros

VIENNA, Nov 13 (Reuters) – Austrian packaging group
Constantia Flexibles (IPO-COFH.VI: Quote, Profile, Research, Stock Buzz) plans to raise up to 821
million euros ($1.10 billion) in an initial public offering in
Frankfurt and Vienna on Nov. 27, valuing the firm at up to 1.43
billion euros.

Constantia, which ranks number two in Europe behind
Australia’s Amcor Ltd, said it would price its new
shares in a range of 19.50 to 25.50 euros each and would offer
up to 32.2 million shares for sale or 57.5 percent of the
company.

Nov 13, 2013

Corrected – Nazi Kristallnacht against Jews remembered as living memory fades

VIENNA (Reuters) – Lilly Drukker was 11 years old when two uniformed Nazis barged into her family’s Vienna apartment in November 1938 to take her father away to the Dachau concentration camp.

It was the day after Kristallnacht, a state-sponsored spree of looting and destruction of Jewish property across Germany and Austria that marked a turning point in Nazi policy as Adolf Hitler unleashed the general population against the Jews.

Nov 12, 2013

ECB’s Asmussen, Nowotny see room to cut rates further

BERLIN/VIENNA (Reuters) – The European Central Bank’s interest rates have not reached rock bottom even after last week’s cut, two ECB policymakers said on Tuesday.

Executive Board member Joerg Asmussen also said charging banks for parking spare cash at the central bank remained an option, while Governing Council member Ewald Nowotny said the stalling euro zone economy was a bigger concern than inflation.

Nov 10, 2013

Nazi Kristallnacht against Jews remembered as living memory fades

VIENNA (Reuters) – Lilly Drukker was 11 years old when two uniformed Nazis barged into her family’s Vienna apartment in November 1938 to take her father away to the Dachau concentration camp.

It was the day after Kristallnacht, a state-sponsored spree of looting and destruction of Jewish property across Germany and Austria that marked a turning point in Nazi policy as Adolf Hitler unleashed the general population against the Jews.

Nov 8, 2013

Mobile Austria says worst of price war may be over

VIENNA, Nov 8 (Reuters) – A race to the bottom in Austrian
mobile tariffs may be over following consolidation in the market
and a costly spectrum sale, the chief executive of T-Mobile
Austria said.

The lowest tariffs in the market will be removed on Sunday
with the ending of a 7.50 euros ($10.04) per month offer by
rival H3G, while operators will charge more for
premium phones and their contracts this Christmas season.

Nov 7, 2013

OPEC says will lose oil market share to shale, rivals

LONDON/VIENNA, Nov 7 (Reuters) – OPEC could lose almost 8
percent of its oil market share in the next five years as the
shale energy boom and other competing sources boost rival
supply, offering the exporter group little benefit from rising
world demand.

The Organization of the Petroleum Exporting Countries has
been slower than some to acknowledge the impact that hydraulic
fracturing, or fracking, is having on supply. Earlier this year,
it decided to carry out its own research into shale oil.

Nov 7, 2013

OMV cuts production outlook on Libya, Yemen security

VIENNA, Nov 7 (Reuters) – Austrian oil and gas group OMV
cut its forecast for 2013 production on Thursday,
saying it now expected this to fall due to output problems in
countries including Libya and Yemen, where security issues hurt
third-quarter profits.

OMV, which had previously expected broadly similar
production this year, now said it would be “somewhat below” 2012
as security issues in Libya and Yemen were compounded by
difficulties in New Zealand and Austria.

Nov 6, 2013

Voestalpine sees economic upturn helping it hit profit goals

VIENNA, Nov 6 (Reuters) – Steelmaker Voestalpine
said it was counting on an economic upturn to help it reach its
full-year profit goals and offset an unexpectedly weak second
quarter marked by subdued demand.

The Austrian company missed analysts’ forecasts for
operating and core earnings in the quarter to end-September but
said it expected a improvement in the second half thanks to
growing momentum in Europe, China and North America.

    • About Georgina

      "Currently based in London, with particular responsibility for professional publishers and the European activities of global technology, media and telecoms firms. Previously European technology correspondent based in Frankfurt. Began career in local radio in Glasgow and then worked in TV news for many years for Reuters, the BBC and Sky News in London and Moscow."
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