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(VIENNA ) - Austria said Tuesday it regretted Moody's decision to downgrade the outlook on the country's credit rating, saying the company had failed to take into account a massive austerity plan.

Hutchison Whampoa of Hong Kong agreed on Friday to buy the European telecommunications company Orange Austria in a deal worth 1.3 billion euros, or $1.7 billion, including debt.

RENO, NV-- - ElectraTherm installed its first Green Machine in Austria at a biogas power generation facility to increase electrical production at the site without adding fuel or emissions. The site produces ...

Austria took issue today with Moody's warning it may strip the country of its top debt rating, saying the agency had not given proper credit to Vienna's campaign to balance its budget and cut debt.

WIENER NEUSTADT, Austria (AP) -- Jurgen Melzer eased past Alex Bogomolov Jr. of Russia 6-2, 6-4, 6-1 Sunday to help Austria reach the quarterfinals of the Davis Cup for the first time since 1995.

Austria's programme to balance its budget by 2016 marks an "important contribution" towards restoring market confidence, central bank Governor Ewald Nowotny said after Moody's cut its outlook on the country to negative.

Austria have reached the quarter-finals of the Davis Cup after completing a 3-2 win over Russia on Sunday.

Serbia did just fine without Novak Djovokic in the Davis Cup, while Russia's shorthanded team was surprisingly eliminated by Austria on Sunday. Serbia swept the reverse singles against Sweden to complete a 4-1 victory at home and set up a quarterfinal against the Czech Republic, with Janko Tipsarevic clinching the win by beating Michael Ryderstedt of Sweden 6-2, 7-6 (5), 7-5.

For those of you who haven’t seen the front page of a newspaper nor turned on a TV or radio today, you'll be delighted to know that Moody’s, the US credit rating outfit, last night put the UK on something called ‘negative outlook’.

VIENNA, Austria - Benevolent Filipino organizations in Austria have launched an appeal for the victims of the strong earthquake that hit the islands of Negros and Cebu.