Bloomberg Austria’s designated next central bank governor Robert Holzmann should argue for a tighter monetary policy in the European Central Bank’s policy-making body, according to the country’s new central bank vice president. Barbara Kolm, an economist appointed to the institution’s non-policy oversight body by the nationalist Freedom Party, told Austrian daily newspaper Die Presse in an interview that she’s “hoping ...

Bloomberg European banks are vying for dominance in one of the continent’s most dynamic corners. Governments in parts of eastern Europe, where growth is outpacing the euro area, are loosening their grip on state-held assets. Serbia and Slovenia are the latest to offer stakes in their banks, opening up a potential battlefield as OTP Bank Nyrt of Hungary, Vienna-based Raiffeisen ...

Bloomberg The initial Black Friday results have reinforced that this US holiday shopping season will be one of the best in recent memory. But even in good times, there are concerns for retailers. The takeaway from the past few days is that Americans are spending at unprecedented levels, and the overwhelming majority of that growth — if not all of ...