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Oct282014

Austrian Banks Pay For Eastern Expansion In Ecb Review - Bloomberg











There are stable and profitable markets like the Czech Republic , Slovakia and Poland , whose metrics are better than those of some western European countries. And then there are countries that are prone to produce losses like Hungary, where Prime Minister Viktor Orban has been making good on his campaign pledge to squeeze western banks. It makes sense to be in the Czech Republic or Slovakia, Papoula said. Apart from them, one would struggle to make an investment case for central and eastern Europe. Apart from war-torn Ukraine, where Austrian banks area among the biggest foreign lenders, Nowotny said he is most concerned about Hungary. Traditional Market We see significant need for discussion in Hungary, which in principle a traditional market for Austrian banks with long-standing connections, he said. But its become problematic for political reasons and Austrian banks react by reducing their engagement there. Raiffeisen, Erste, Volksbanken, Hypo Alpe-Adria-Bank International AG and other Austrian banks together are the biggest lenders to the former communist part of Europe, with total claims of $222 billion at the end of June, according to the Bank for International Settlements go . Volksbankens head institution, Oesterreichische Volksbanken AG (VBPS) , already sold most of its eastern European business to OAO Sberbank (SBER) in 2012. Its still saddled with Romanian unit and large corporate loans in the continue region, two main factors for its stress-test failure. Andreas Ittner , the central banks director responsible for banking supervision, warned in June that Austrian banks must reconsider a business model in eastern Europe that forced them to use 44 billion euros, or almost two-thirds of their profit since 2008, to provision for bad debts.
More: http://www.bloomberg.com/news/2014-10-27/austrian-banks-pay-for-eastern-expansion-in-ecb-review.html




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Oct272014

Austrian Banks Pay For Eastern Expansion In Ecb Review - Bloomberg











There are stable and profitable markets like the Czech Republic , Slovakia and Poland , whose metrics are better than those of some western European countries. And then there are countries that are prone to produce losses like Hungary, where Prime Minister Viktor Orban has been making good on his campaign pledge to squeeze western banks. It makes sense to be in the Czech Republic or Slovakia, Papoula said. Apart from them, one would struggle to make an investment case for central and eastern Europe. Apart from war-torn Ukraine, where Austrian banks area among the biggest foreign lenders, Nowotny said he is most concerned about Hungary. Traditional Market We see significant need for discussion in Hungary, which in principle a traditional market for Austrian banks with long-standing connections, he said. But its become problematic for political reasons and Austrian banks react by reducing their engagement there. Raiffeisen, Erste, Volksbanken, Hypo Alpe-Adria-Bank International AG and other Austrian banks together are the biggest lenders to the former communist part of Europe, with total claims of $222 billion at the end of June, according to the Bank for International Settlements go . Volksbankens head institution, Oesterreichische Volksbanken AG (VBPS) , already sold most of its eastern European business to OAO Sberbank (SBER) in 2012. Its still saddled with Romanian unit and large corporate loans in the continue region, two main factors for its stress-test failure. Andreas Ittner , the central banks director responsible for banking supervision, warned in June that Austrian banks must reconsider a business model in eastern Europe that forced them to use 44 billion euros, or almost two-thirds of their profit since 2008, to provision for bad debts.
More: http://www.bloomberg.com/news/2014-10-27/austrian-banks-pay-for-eastern-expansion-in-ecb-review.html




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Oct272014

Live: Dan Connolly, Bryan Stork Appear Ready To Start Again | The Blitz | With Jeff Howe & Karen Guregian | Boston Herald











It'd probably help the run game as well. Good morning from Gillette Stadium Hello from Gillette Stadium, where the Patriots and Bears are two and a half hours away from kicking off their Week 8 matchup. The Pats (5-2) will try to win their fourth consecutive game and hand the Bears (3-4) a third loss to an AFC East foe this season. It's quiet at Gillette with minimal action on the field at the moment. That will begin to pick up soon. It's a nice fall day here with temperatures in the low 50s and mostly sunny skies, though a patch of clouds are hovering over the field right now.
Full story: http://www.bostonherald.com/sports/patriots_nfl/the_blitz/2014/10/live_dan_connolly_bryan_stork_appear_ready_to_start_again




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Oct262014

Top Asian News At 8:00 P.m. Gmt - Yahoo News











Done Top Asian News at 8:00 p.m. GMT 7 hours ago Content preferences Done KABUL, Afghanistan (AP) Afghanistan's election crisis deepened Sunday as the two presidential candidates sparred over the release of preliminary results and calls mounted for a broader investigation of suspect ballots amid allegations of massive fraud. The impasse has threatened to undermine what the U.S. and its allies had hoped would be the country's first democratic transfer of authority after President Hamid Karzai agreed to step down after two terms as legally required. ISLAMABAD (AP) The father of a pregnant Pakistani woman who was stoned to go here death and four other men have been charged with killing her after she married against the family's wishes and their trial was set to begin on Monday, police said. Farzana Parveen, 25, was killed May 27 before a crowd of onlookers near a downtown courthouse in the eastern city of Lahore. A mob beat her with bricks more... and killed her as she was on her way to court to contest an abduction case her family had filed against her husband.
Read more: http://news.yahoo.com/top-asian-news-8-00-p-m-gmt-200254887.html




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Oct252014

Unesco Rejects Australia?s Bid To Shrink Tasmanian World Heritage Site | Science/aaas | News











The claims were widely condemned by the environmental community, as well as by the International Union for Conservation of Nature. So the critics were pleased more info by the UNESCO committees verdict. ''Absolutely thrilled," said Senator Christine Milne, leader of Australias Greens party, in an interview with Fairfax Media. But the Tasmanian forest isnt, well, out the woods yet, cautions forest scientist David Bowman of the University of Tasmania, Hobart. Thorny problems lie ahead, he says, including securing sufficient funding for management of the site and figuring out how to prepare for climate change impacts, such as fire, pests, and disease. World Heritage protection does not guarantee the forests are locked up from all forms of development, noted University of Melbourne researchers Tom Fairman and Rod Keenan in an article written for (visit) The Conversation, a news website . The forests will need active management, they write, noting that due to federal read here budget cuts, park management agencies must manage larger areas with fewer resources.
More: http://news.sciencemag.org/asiapacific/2014/06/unesco-rejects-australia-s-bid-shrink-tasmanian-world-heritage-site




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