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Austria’s two largest lenders signaled they’re opposed to supporting a “bad bank” for unprofitable assets of nationalized lender Hypo Alpe-Adria-Bank International AG.
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Austria, at loggerheads with European regulators about several of its nationalized banks, failed to sell municipal lender Kommunalkredit Austria AG and is halting new business at the bank.
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Two weeks after Royal Dutch Shell Plc and Platts changed the way more than half of the world’s crude is valued, the companies along with BP Plc and Statoil ASA are being probed by European antitrust regulators about potential manipulation of oil prices.
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Austria’s central bank said Hypo Alpe-Adria-Bank International AG will likely avoid a 16 billion- euro ($21 billion) insolvency as policy makers negotiate with the European Commission over the nationalized lender.
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EU Competition Commissioner Joaquin Almunia said officials carried out surprise inspections at “a number of producers of white sugar in several Member States,” last month.
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Visa Europe Ltd. plans to “significantly” reduce the fees it sets for processing cross- border credit-card payments in a bid to allay European Union competition concerns, the bloc’s antitrust watchdog said.
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Google Inc.’s proposals to settle a European Union antitrust probe into the way it operates its search engine should be rejected, a U.K. company told the EU.
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Google Inc.’s Motorola Mobility unit was sent a European Union antitrust complaint for abusing its dominant position as part of a probe into its control of key patents in gadgets such as Apple Inc. iPhones and iPads.
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European soccer ruling body UEFA’s regulation that big-spending teams such as Manchester City and Chelsea must come close to breaking even is being challenged by lawyer Jean-Louis Dupont, who successfully overturned rules on player transfers in 1995.
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Austria is reconsidering plans to establish a separate “bad bank” to wind down delinquent loans at nationalized lender Hypo Alpe-Adria-Bank International AG, a move that could add to the nation’s debt.
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