Results for Spain
- Spanish Unemployment Rate Below 20% For First Time In 6 Years
Spain’s unemployment rate has fallen below 20 per cent for the first time in six years, as the country’s economic recovery continues to power ahead despite 10 months of political deadlock and government drift, the Financial Times reported. According ...
Daily Headline - global.abi.org - 10/27/2016 - 21:06 - 0 comments
- Spain's Abengoa Nearing Creditor Approval For Debt Plan
Renewable energy firm Abengoa is on track for the 75 percent creditor approval needed for its restructuring plan and avoid filing for Spain's biggest ever bankruptcy, a source with knowledge of the deal said on Tuesday. The Seville-based company bor ...
Daily Headline - global.abi.org - 10/25/2016 - 19:12 - 0 comments
- Nueva Pescanova Sues Pescanova Over Restructuring Agreement
Representatives of Nueva Pescanova, the successor firm to the troubled Spanish fishing giant, have sued the old company, Pescanova S.A., alleging breaches of securities law, a regulatory filing indicates. Nueva Pescanova specifically alleges that during ...
Daily Headline - global.abi.org - 10/17/2016 - 22:03 - 0 comments
- Centuries-Old Spanish Tapestry Factory Saved From Bankruptcy
A centuries-old tapestry factory in Spain has come back from the brink of bankruptcy after an injection of public money, a debt restructuring plan and its biggest order in 200 years - a German commission for dozens of tapestries. The turnaround of the 29 ...
Daily Headline - global.abi.org - 10/13/2016 - 22:27 - 0 comments
- Telefonica’s Debt-Reduction Plans Slowed by Failed Telxius IPO
Telefonica SA’s efforts to reduce its debt pile suffered a new blow after the Spanish carrier was forced to scrap the initial public offering of its infrastructure unit, Telxius Telecom SA, as demand from investors proved inadequate, Bloomberg News repor ...
Daily Headline - abi_admin - 09/30/2016 - 14:43 - 0 comments
- Why Is Spain’s Economy Expanding So Robustly Without a Government?
putting a damper on some kinds of investment. The Spanish economy grew 0.8% in the second quarter driven ... line with first-quarter growth and better than the 0.7% the agency had predicted in July. The ...
Daily Headline - global.abi.org - 08/25/2016 - 23:56 - 0 comments
- Moody's Says Uncertainties Remain For Abengoa Despite Restructuring Plan
Credit ratings agency Moody's said on Wednesday the restructuring plan put forward by Spanish renewable energy and engineering firm Abengoa would reduce its debt burden, but it was unclear whether it would be successful, Reuters reported. Abengoa, w ...
Daily Headline - global.abi.org - 08/24/2016 - 22:02 - 0 comments
- Abengoa Reaches Creditor Agreement in Bid to Fend Off Insolvency
Abengoa SA won agreement from major creditors for a rescue plan, potentially averting Spain’s largest corporate insolvency, Bloomberg News reported. Investors including Elliott Management Corp., Centerbridge Partners LP and Varde Partners LP will provide ...
Daily Headline - global.abi.org - 08/11/2016 - 21:45 - 0 comments
- Eurozone Sets Out New Fiscal Targets for Spain and Portugal
agreed with the European Commission’s arguments about dropping the fines, which, at 0.2% of gross ... amounting to 0.25% of GDP this year, with all windfall gains from one-off measures used to accelerate ...
Daily Headline - global.abi.org - 08/09/2016 - 22:35 - 0 comments
- Isolux Creditors Agree $2.2 Billion Debt-Restructuring Deal
Grupo Isolux Corsan SA won creditor approval for a 2 billion-euro ($2.2 billion) debt-restructuring plan, paving the way for a Spanish court to authorize the program, Bloomberg News reported. The engineering company received backing from almost 90 percen ...
Daily Headline - global.abi.org - 07/28/2016 - 23:06 - 0 comments