Hypo Alpe-Adria-Bank International AG, Austria’s most costly bank failure, pushed up bad debt charges and writedowns as it found “skeletons in the closet” while speeding up its dismantling under European Union orders.
Slovenia’s bond rally, the biggest among Europe’s former communist nations, risks faltering as a government budget dispute following the cleanup of toxic-bank loans threatens to unseat Prime Minister Alenka Bratusek.
Exxon Mobil Corp., Gazprom OAO, Lukoil OAO, Total SA and Edison SpA were among more than 40 energy companies attending the start of the Croatian government’s tender for Adriatic Sea oil and gas exploration.
Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe.