Hungary's financial watchdog (PSZAF) has fined Austria's OMV <OMVV.VI> 25 million forints ($141,400) for violating rules on influencing the market when it made its offer for oil company MOL <;MOLB ...

Austria's OMV began restricting fuel sales at its filling stations in Hungary on March 8 after a government cap on prices sparked a buying spree among consumers, a company spokesperson told ...

Hungarian oil and gas group MOL <MOLB.BU> said its Austrian rival OMV <OMVV.VI> had launched a lawsuit against MOL to seek to annul all resolutions made by MOL shareholders at a meeting in April.

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Austria and Hungary sought Thursday to play down recent tensions over a hostile takeover bid for Hungarian oil firm MOL by its Austrian rival OMV at a joint governmental meeting here.

OMV’sOMV-0.04 % decrease; red down pointing triangle third-quarter earnings tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.

OMV AGOMV 0.46 % increase; green up pointing triangle reported a 20% rise in first-quarter net profit despite revenue falling on lower gas prices, and backed its full-year production guidance.