Spain

Results for Spain

Catalan Crisis Will Hit Spanish Economic Growth

Spain’s constitutional crisis in Catalonia will lower the country’s projected economic growth next year, according to Madrid’s finance minister. Luis de Guindos said the country’s GDP growth projection had been lowered by about 0.4-0.5 percentage points to 2.3 per cent next year — “a small impact” ...

Daily Headline - global.abi.org - 11/06/2017 - 22:19 - 0 comments

Stocks and Bonds Rattled as Spain Moves to Suspend Catalan Power

Spanish bonds were shaken and the country’s stocks erased two days of gains as Prime Minister Mariano Rajoy’s government deployed its ultimate constitutional weapon in a bid to bring Catalonia’s bid for independence to an end, Bloomberg News reported. Sp ...

Daily Headline - global.abi.org - 10/20/2017 - 00:10 - 0 comments

Catalonia Crisis: The Main Questions for Investors

Financial markets have swung their attention towards Spain after the Catalan regional government held a contested independence vote on Sunday, setting it on a collision course with Madrid, the Financial Times reported. Investors have been spooked by ...

Daily Headline - global.abi.org - 10/05/2017 - 23:06 - 0 comments

Business Fears Economic Fallout From Catalonia Confrontation

Business in Catalonia has warned that political instability, violence and legal uncertainty could deter investment and hurt the economy, as tensions escalate ahead of the region’s planned independence referendum on Sunday, the Financial Times reporte ...

Daily Headline - global.abi.org - 09/27/2017 - 22:24 - 0 comments

Brazil Cancels Abengoa's Power Transmission Licenses

Brazil’s Mines and Energy Ministry has canceled nine licenses to build transmission lines that had been granted to Spain’s Abengoa SA after the company abandoned construction works in 2015, a senior official said on Wednesday. The decision formalizing ca ...

Daily Headline - global.abi.org - 09/20/2017 - 18:11 - 0 comments

Spain’s Construction Sector Rises from the Ashes

When Juan Velayos left his job at the accountancy firm PwC to become chief executive of Spanish housebuilder Neinor Homes two years ago, some people thought he was crazy. Construction companies in Spain once built more residential homes every year than t ...

Daily Headline - global.abi.org - 09/17/2017 - 22:14 - 0 comments

Banco Popular Bondholders File Appeal in Spain Over Rescue

A group of bondholders in failed Banco Popular have filed an appeal against Spain’s banking bailout fund, their law firm said on Thursday, after the bank’s rescue landed them with 850 million euros ($1.02 billion) of losses, Reuters reported. European au ...

Daily Headline - global.abi.org - 09/07/2017 - 21:53 - 0 comments

Why Banco Popular’s Credit Default Swaps are Getting Messy

When EU authorities wiped out some of Banco Popular’s bonds last month, it looked as if credit default swaps might finally compensate bank debt investors for their losses with little controversy, the Financial Times reported. Credit derivatives writt ...

Daily Headline - global.abi.org - 07/18/2017 - 21:20 - 0 comments

Spanish Sub Bonds Return After Popular Blow-Up

Bankia and CaixaBank sold a combined €1.75bn of subordinated debt less than a month after similar securities were torched at Banco Popular, in a clear sign of the market's maturity, Reuters reported on an International Financing Review story. State- ...

Daily Headline - global.abi.org - 07/09/2017 - 21:06 - 0 comments

CaixaBank Precedes Bankia in Acid Test for Spanish Subs

CaixaBank is marketing the first Spanish Tier 2 since subordinated debt was wiped out at Banco Popular in June, and just a day before Bankia is expected to bring its inaugural Additional Tier 1, Reuters reported. Orders of over €2.75bn by the 11NC6' ...

Daily Headline - global.abi.org - 07/05/2017 - 21:05 - 0 comments

Syndicate content