The EU and United States should reach agreement next month on a new framework to replace the Safe Harbour pact enabling data transfers from Europe to the United States, European Justice Commissioner Vera Jourova told a newspaper.

Austria must split off the bad assets of Hypo Alpe Adria Bank International by the end of March or face another capital injection for the nationalised lender, the central bank governor said.

Brussels: Pfizer Inc may move Wyeth’s eastern Europe headquarters from Vienna to Brussels, where it would be integrated with Pfizer’s emerging markets unit, Wirtschaftsblatt reported, citing Robin Rumler, who heads Pfizer’s Austrian unit.