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United States

Kirsti Knolle

Low oil demand hurts, but OMV refining beats expectations

Oct 29 2020

BERLIN Austrian oil and gas group OMV on Thursday said its third-quarter operating profit fell by two thirds as weak oil prices hit its exploration and production business, but a strong performance from its refineries meant it beat expectations.

Germany warns against travel to ski regions in Austria, Switzerland, Italy

Oct 22 2020

BERLIN Germany has issued travel warnings for popular ski regions in Austria, Italy and Switzerland, scrambling to contain the spread of the coronavirus as new infection numbers rose above 10,000 a day for the first time.

Police investigate attack on antique artworks on Berlin's Museum Island

Oct 21 2020

BERLIN Police are investigating an attack that caused extensive damage to more than 60 works of art and artefacts displayed at three locations on Berlin's Museum Island and whose motivation is a mystery.

U.S. will do utmost to renew Iran arms embargo: Pompeo

Aug 14 2020

VIENNA The United States will do everything in its power to renew the international arms embargo on Iran under review at the United Nations, Secretary of State Mike Pompeo said on Friday.

UPDATE 2-Raiffeisen expects risk provisions to peak early next year at latest

Aug 11 2020

* NPE ratio expected to increase to under 3.5% from 1.9% end-June

Austria's OMV core profit down almost 90% as virus hits demand

Jul 29 2020

VIENNA Oil and gas group OMV reported a lower-than-expected 86% fall in second-quarter operating profit due to strict cost management and said it was trimming its spending plans in response to the global economic downturn.

UPDATE 2-Austria's OMV core profit down almost 90% as virus hits demand

Jul 29 2020

* Sees refining margin at $3 a barrel, down from $4 (Adds details, shares, analyst, background)

Sensor maker AMS sees strong demand for next generation smartphones

Jul 29 2020

VIENNA Sensor specialist AMS , which just closed the takeover of OSRAM , expects third-quarter revenue to grow about 20% versus the second quarter as it sees strong demand from smartphone makers despite the pandemic.

UPDATE 2-Sensor maker AMS sees strong demand for next generation smartphones

Jul 29 2020

* Expects OSRAM domination agreement around year-end (Adds OSRAM results, shares, analyst)

Two hikers killed by rockfall in popular Austrian gorge

Jul 08 2020

VIENNA Two walkers were killed on Wednesday by a rockfall in the Baerenschuetzklamm, a spectacular mountain river gorge popular with hikers in the Austrian province of Styria, police said.

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