Austria

Fresh round of NSG talks to resume in Vienna this afternoon

Fresh round of NSG talks to resume in Vienna this afternoonVienna, Sept 6 : The 45-member Nuclear Suppliers'' Group on Saturday (NSG) will resume its fresh round of talks at 2:30 p. m. to incorporate changes in the revised draft waiver after the crucial two day meeting remained inconclusive on Friday.

Fresh round of NSG talks to take place today

Nuclear Suppliers' GroupVienna, Sept 6: With China joining the Group of Six like-minded countries that have expressed reservations in granting India-specific waiver, the crucial two day meeting of the 45-member Nuclear Suppliers' Group (NSG) remained inconclusive and a fresh meeting is slated for Saturday.

The US battled hard overnight to clinch the India-specific waiver for India from the NSG with diplomats moving back and forth poring over a revised draft.

China appeared to have raised concerns that put roadblocks in the way of a consensus.

OPEC crude price continues to hover above 103 dollars

OPEC crude price gains 6.75 dollars last week Vienna- Days befor

OPEC crude price falls to lowest level in five months

OPEC crude price falls to lowest level in five monthsVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) has plunged to its lowest level since early April, according to OPEC data released on Wednesday.

One barrel (159 litres) of OPEC-produced crude stood at 103.40 dollars Tuesday, 6.62 dollars less than 110.02 dollars on the previous day.

Markets were affected by the fact that Hurricane Gustav had mostly spared oil facilities, as well as by the stronger US dollar against the euro, Vienna-based energy analysts JBC said.

OPEC crude price drops 0.91 dollars on Monday

Nowotny takes office as new Austrian national bank chief

Vienna - The economist and banker Ewald Nowotny took office as new Governor of the Austrian national bank on Monday, the bank said in a statement.

As the head of the Oesterreichische Nationalbank (OeNB), 64-year-old Nowotny is also a member of the Governing Council of the European Central Bank (ECB), which sets interest rates in countries using the euro.

In the past, Nowotny has criticised the ECB's strict anti-inflation policy, calling on the bank to focus also on economic growth and employment. His predecessor, Klaus Liebscher, had a hawkish position on price stability.

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