Spain

carry risks, especially as new figures showed that the euro zone grew just 0.1% in the third quarter and ...

Daily Headline - global.abi.org - 11/14/2013 - 20:09 - 0 comments

Spain's biggest consumer appliance company Fagor said on Wednesday it had started insolvency proceedings after failing to reach a deal on debt which it needed to keep going as sales fell, Reuters reported. Spanish bankruptcies have risen steadily th ...

Daily Headline - global.abi.org - 11/13/2013 - 21:44 - 0 comments

prediction for next year, saying Spain’s gross domestic product was likely to rise by just 0.5 per cent in 2014, rather than the 0.9 per cent forecast by the commission in March. The Spanish government, in contrast, recently raised its forecast for next year and is hoping for growth of 0.7 per cent in 2014. The ...

Daily Headline - global.abi.org - 11/06/2013 - 20:43 - 0 comments

Spanish appliance maker Fagor Electrodomésticos on Wednesday edged toward a possible bankruptcy filing after its French unit said it was seeking protection from creditors, The Wall Street Journal reported. Fagor, Europe's fifth-largest maker of ...

Daily Headline - global.abi.org - 11/06/2013 - 20:44 - 0 comments

shares, which had fallen 7.4 percent on Thursday to 0.37 euros, valuing the company at around 65 million ...

Daily Headline - global.abi.org - 10/24/2013 - 21:15 - 0 comments

Hedge funds are circling Spanish banks, hoping to mop up bad corporate debt cheaply when the lenders finally face up to billions of euros in losses on loans to firms in trouble, Reuters reported. Spanish companies are among the most indebted in Europe, a ...

Daily Headline - global.abi.org - 10/23/2013 - 20:03 - 0 comments

Fomento de Construcciones & Contratas SA is in talks with creditor banks to convert part of the Spanish infrastructure company’s loans into payment-in-kind debt, according to two people familiar with the matter, Bloomberg reported. The higher-yieldin ...

Daily Headline - global.abi.org - 10/22/2013 - 16:47 - 0 comments

Spanish loss-making consumer appliance company Fagor filed for protection from creditors while it tries to refinance its debt, the company said on Wednesday, after suffering a prolonged period of falling sales. Fagor said in a statement it had begun &quo ...

Daily Headline - global.abi.org - 10/16/2013 - 21:34 - 0 comments

A rented office overlooking a dusty rail track near Madrid’s airport was until recently the workplace of what would appear to be the most productive worker in all of Spain. From here a single employee presided over a company that from 2009 to 2011 made € ...

Daily Headline - global.abi.org - 09/26/2013 - 20:34 - 0 comments

Spain emerged from two years of recession late this summer, but it faces a long period of more austerity and painful adjustments before it can regain its footing and put most of its six million unemployed back to work, Prime Minister Mariano Rajoy said o ...

Daily Headline - global.abi.org - 09/23/2013 - 17:55 - 0 comments