VIENNA, June 12 (Reuters) – Raising the stakes in Europe’s
debt crisis, Austria’s finance minister said Italy, the euro
zone’s third economy, may need a financial rescue because of its
high borrowing costs.
Maria Fekter’s comments in a television interview amplified
investors’ fears that Europe’s leaders are far from ending two
and a half years of turmoil. A deal by euro zone finance
ministers on Saturday to lend Spain up to 100 billion euros
($125 billion) to recapitalise its banks was seen by many in the
markets as yet another sticking plaster.
VIENNA, May 30 (Reuters) – Voestalpine saw
prospects for a European steel sector upturn slipping away as
demand wanes in the car and energy sectors and excess capacity
triggers “destructive price wars”.
The Austrian specialty steelmaker nevertheless forecast on
Wednesday it can keep operating profit steady in its current
fiscal year as its downstream divisions take up the slack from
its core steel business.
VIENNA, May 24 (Reuters) – Austrian lender Raiffeisen Bank
International posted quarterly profit that beat
forecasts after risk provisions fell unexpectedly and it booked
one-off gains, and said it had met a key capital target.
First-quarter consolidated profit doubled to 541 million
euros ($681 million), compared with an average estimate of 457
million euros after minorities in a Reuters poll and topping
even the highest estimate in the survey.
VIENNA, May 23 (Reuters) – Telekom Austria AG
shareholder Ronny Pecik is happy with his stake of around 21
percent in the telecommunication group, he said, calling himself
a loyal investor rather than the “locust” that media make him
out to be.
Pecik, who is seeking a seat on the Austrian group’s
supervisory board at the annual meeting on Wednesday, played
down reports he was keen to build up and flip the stake he built
with ally Egyptian tycoon Naguib Sawiris.
VIENNA (Reuters) – Nationalised Austrian lender Hypo Alpe Adria HAABI.UL has launched the sale of its southeastern Europe banking network by picking Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) to run a deal it hopes will raise at least 1.5 billion euros ($1.9 billion).
Hypo Alpe Adria Chief Executive Gottwald Kranebitter said Deutsche would begin the process by sounding out the market, which he acknowledged was a tough one, with the goal of being able to act quickly should deep-freeze conditions thaw out after banks hit mid-2012 capital targets.
VIENNA (Reuters) – Spat at in public by a fellow Libyan who called him a thief, watching his back on long walks through Vienna, eating poorly; Muammar Gaddafi’s fugitive oil supremo was a troubled man in the months before he was found drowned in the Danube two weeks ago.
Just whom, or what, Shokri Ghanem feared may hold a key to his mysterious sudden death, just as he was under mounting pressure to reveal what he knew of suspect deals with foreign oil buyers that made billionaires of the late dictator’s family.
VIENNA, May 9 (Reuters) – Austrian energy group OMV
warned on Wednesday it faced production and security
issues in Libya that could make it hard to match output levels
from before the uprising that toppled Muammar Gaddafi.
Concerns about the north African country overshadowed news
that OMV’s first-quarter profit easily beat expectations.
VIENNA, May 3 (Reuters) – Vienna’s top homicide
investigation team is probing the mysterious drowning of Libya’s
former oil chief but that does not mean they think he was
murdered, prosecutors said on Thursday.
The body of Shokri Ghanem, a confidant of Libyan strongman
Muammar Gaddafi who fled to Austria after defecting last year,
was found floating in the river Danube on Sunday.
VIENNA/LONDON, May 1 (Reuters) – The mysterious drowning of
Muammar Gaddafi’s former oil boss in Vienna has shaken friends
and colleagues, who say they suspect enemies may have hunted
down and killed the man who knew more than anyone else about the
Libyan dictator’s billions.
The body of Shokri Ghanem, who served for a time as
Gaddafi’s prime minister and ran the Libyan oil industry for
years, was found floating in the Danube River on Sunday morning
a few hundred metres from his home, fully clothed.
VIENNA, May 1 (Reuters) – The mysterious drowning of Muammar
Gaddafi’s former oil boss in Vienna has shaken friends and
colleagues, who suspect he was murdered by enemies – who knew he
couldn’t swim and had reason to want him silenced.
In a case that reeks of international intrigue, the body of
Shokri Ghanem, who served for a time as Gaddafi’s prime minister
and ran the Libyan oil industry for years, was found floating in
the Danube River on Sunday morning a few hundred metres from his
home, fully clothed.