Chief Correspondent, Vienna, Vienna
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Jan 29, 2014

Ski jumping-Austria’s Iraschko dreams of Olympic flight

VIENNA (Reuters) – Growing up in Eisenerz in Austria’s deep Erzberg valley, Daniela Iraschko never had any doubt that ski jumping was a sport for girls.

Now she is set to join a select group of women competing for the first time for Olympic medals in the event – until now a men-only affair – at the Sochi Games next month.

Jan 29, 2014

Olympics-Ski jumping-Austria’s Iraschko dreams of Olympic flight

VIENNA, Jan 29 (Reuters) – Growing up in Eisenerz in Austria’s deep Erzberg valley, Daniela Iraschko never had any doubt that ski jumping was a sport for girls.

Now she is set to join a select group of women competing for the first time for Olympic medals in the event – until now a men-only affair – at the Sochi Games next month.

Jan 27, 2014

Austria wants banks to help restructure Hypo Alpe Adria

VIENNA, Jan 27 (Reuters) – Austria will ask commercial banks
to support a “bad bank” for Hypo Alpe Adria, its
finance minister said on Monday, looking to spread the burden of
cleaning up a lender the state was forced to bail out in 2009.

Getting healthier banks such as Erste Group,
Raiffeisen Bank International (RBI) or Bank Austria
on board could help hive off around 13 billion euros
($17.8 billion) in problem loans, leases and property at Hypo.

Jan 22, 2014

Austria’s Raiffeisen aims for up to $3.9 billion in share sale

VIENNA/FRANKFURT (Reuters) – Raiffeisen Bank International (RBIV.VI: Quote, Profile, Research, Stock Buzz) kicked off a year of capital raising for European banks on Wednesday with a share sale that could raise as much as 2.9 billion euros ($3.9 billion) to strengthen its balance sheet and repay state aid.

Other banks are expected to raise cash to ensure they have enough capital to comfortably pass so-called stress tests by regulators this year.

Jan 22, 2014

Austria’s Raiffeisen eyes up to $3.9 bln in share sale

VIENNA/FRANKFURT, Jan 22 (Reuters) – Raiffeisen Bank
International could raise as much as 2.9 billion euros
($3.9 billion) in an equity sale under way on Wednesday to
strengthen the Austrian lender’s balance sheet and repay state
aid.

A source familiar with the fundraising said central and
eastern Europe’s second-biggest lender was guiding investors
towards an issue price between 28 and 29.50 euros a share, a
discount of up to 6.4 percent from Tuesday’s close of 29.90.

Jan 17, 2014

Austrian Foreign Minister Kurz to push EU-Balkan ties

VIENNA (Reuters) – Austria’s new Foreign Minister Sebastian Kurz will champion European Union membership for qualifying Balkan countries when he meets EU counterparts next week, he told Reuters on Friday.

It will be the first formal meeting of EU foreign ministers for Kurz, just 27 and a rising star in the People’s Party who got the top foreign policy job last month in a cabinet reshuffle after September elections.

Jan 15, 2014

Emerging Europe central banks shrug off tapering fears

VIENNA, Jan 15 (Reuters) – Emerging European countries are
casting a wary eye on capital flows as the United States starts
to unwind stimulus but see no urgent need to adjust monetary
policy, central bankers from the region said on Wednesday.

Expectations that the U.S. Federal Reserve would begin to
scale back – or “taper” – extraordinary economic stimulus first
hit markets in May, prompting many investors to pull funds out
of emerging markets seen as risky.

Jan 13, 2014

IMF sees tepid 2014 recovery in emerging Europe

VIENNA (Reuters) – Central, eastern and southeastern Europe is poised for just a “tepid” economic recovery this year, lagging other emerging markets even as major western trading partners rebound, a senior IMF official told Reuters on Monday.

Aasim Husain, deputy director of the International Monetary Fund’s European department, said countries with large current account and fiscal imbalances still risked market buffeting as central banks in advanced economies unwind extra-loose policy.

Jan 10, 2014

Austria sees extra 90 mln eur from bank tax change

VIENNA, Jan 10 (Reuters) – Austria’s banks face a 90 million
euro ($122 million) hike in a levy imposed to help cover the
expense of propping up the sector in the financial crisis,
adding to their costs at a time when profits are already under
pressure.

Banks such as UniCredit unit Bank Austria, Erste
Group and Raiffeisen Bank International have
previously complained that the levy hits profits just as they
need to build up capital and are also being urged to keep
lending during an economic weak patch.

Jan 9, 2014

Raiffeisen kicks off share sales by European banks

VIENNA, Jan 9 (Reuters) – Austria’s Raiffeisen Bank
International has kicked off a year of capital raising
by European banks keen to convince regulators and investors that
they are robust enough to weather any more financial storms.

Central and eastern Europe’s second-biggest lender said late
Wednesday it could sell up to 2.25 billion euros ($3.06 billion)
of shares, boosting its equity capital by about 40 percent to
beef up its finances and help repay state aid.

    • About Michael

      "Mike has worked for Reuters for two decades and reported from more than a dozen countries on business and general news. His beats have included covering the European automotive industry, business news from Switzerland, German defense and security policy, and Hungary's transition to a market democracy after the collapse of communism in eastern Europe"
      Joined Reuters:
      1987
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