Austria Business News

Shares traded higher for the entire session, with a strong start in New York maintaining momentum. Wall Street was boosted by US housing sales data showing a 10.1 per cent increase in sales in October, well ahead of analyst expectations...Fresnillo...

Instead of moving inventory and selling services, these entrepreneurs aim to bring electricity to those without lights, nutrition to those who will die without supplemental vitamins and low-cost solar hearing aids for those who otherwise couldn't afford them.

Vedanta shares were 3 per cent lower at one point, but recovered to close down 28p at 2,162p. Anglo American and Eurasian Natural Resources were also losers, slipping 30.5p to 2,151.5p and 12.5p to 953p respectively...Shares had been trading marginally...

Julius Meinl V, the scion of a Viennese business dynasty whose name has been synonymous since the days of the Hapsburgs with luxuries like exotic coffee, handmade tortes and discreet private banking, has been jailed on suspicion of fraud at...

OPEC oil ministers meeting in Vienna this week face a tough choice. They would like to reduce production in order to raise prices, but they don't want to be seen as greedy bad guys who are profiting at the expense...

S recent trip to China reflects a symbiotic relationship at the heart of the global economy: China uses American spending power to enlarge its private sector, while America uses Chinese lending power to expand its public sector. Yet this arrangement...

Austrian oil and gas company OMV said it was sticking to its 2010 production target of 350,000 barrels of oil equivalent per day but additional growth in the following years would only be possible with acquisitions. Chief executive Wolfgang Ruttenstorfer...

Africa's pursuit of industrialization continues to be hindered by many challenges which must be addressed urgently," said Mr. Yumkella, ahead of Africa Industrialization Day, observed annually on 20 November. "These challenges include limited industrial skills and technological capabilities,...