Spain

Results for Spain

Spanish Unemployment Up Slightly But Officials Remain Positive

Spain’s unemployment rate rose slightly in the first quarter, to 21 per cent, but job losses were less severe than usual in what is traditionally a weak period for the labour market, the Financial Times reported. The number of out-of-work Spaniards r ...

Daily Headline - global.abi.org - 04/28/2016 - 21:19 - 0 comments

Spain to Overshoot Budget Deficit Target Again

Spain will overshoot its deficit target again this year, the caretaker government said Tuesday, as the country struggles to adhere to budget agreements reached with European Union authorities, The Wall Street Journal reported. Spain is projected to r ...

Daily Headline - global.abi.org - 04/19/2016 - 21:29 - 0 comments

CaixaBank Set to Take Over Portugal’s BPI After Shareholder Drops Opposition

The Spanish lender CaixaBank is set to proceed with a takeover offer for BPI, a Portuguese bank, after reaching an 11th-hour agreement with an Angolan investor who had blocked its bid, the International New York Times reported. BPI announced late on ...

Daily Headline - global.abi.org - 04/11/2016 - 22:11 - 0 comments

Mario Conde, Ex-Bank Chief in Spain, Arrested in Money-Laundering Inquiry

A disgraced former Spanish banker, Mario Conde, was arrested on Monday as part of an investigation into whether he fraudulently repatriated the equivalent of nearly $15 million in money he had hidden offshore while presiding over the collapse of one of S ...

Daily Headline - global.abi.org - 04/11/2016 - 22:38 - 0 comments

Santander To Cut Up To 450 Branches And 1,000 Jobs In Spain

Banco Santander plans to close 450 branches in its Spanish home market in an attempt to bolster profitability and address the rapid shift towards internet and digital banking, the Irish Times reported. The euro zone’s largest bank by market value ope ...

Daily Headline - global.abi.org - 04/03/2016 - 18:43 - 0 comments

Spain Falls Short In Battle To Close Yawning Defict

Spain has veered sharply off course in its long-running effort to reduce the budget deficit, unveiling a 5.2 per cent shortfall in 2015 that is likely to raise alarm inside the European Commission and impose significant political constraints on the next ...

Daily Headline - global.abi.org - 03/31/2016 - 22:51 - 0 comments

Spain’s Abengoa Files for Chapter 15 Bankruptcy in U.S.

Abengoa SA has filed for bankruptcy protection in the U.S. as the Spanish energy company continues talks with its banks and bondholders to agree on its plan to restructure billions of dollars in debt, The Wall Street Journal reported. The renewable e ...

Daily Headline - global.abi.org - 03/29/2016 - 23:29 - 0 comments

Renewable Energy Giant Abengoa Wins Bankruptcy Reprieve

Renewable energy giant Abengoa has avoided the largest bankruptcy in Spanish history – for the time being at least – by securing an agreement with its creditors, the Irish Times reported. The Seville-based firm needed the backing of 60 per cent of it ...

Daily Headline - global.abi.org - 03/28/2016 - 20:43 - 0 comments

Spain's Abengoa Seen Winning More Time For Bankruptcy Talks

Spain's Abengoa is seen winning more time for talks aimed at avoiding bankruptcy as more creditors have agreed to back debt restructuring plan and inject new emergency liquidity, two sources familiar with the matter said on Tuesday. The engineering ...

Daily Headline - global.abi.org - 03/22/2016 - 21:19 - 0 comments

Catalonia Said to Court Default in Spanish Game of Chicken

Catalonia is deliberately flirting with default on its bank loans as the region’s separatist government tries to force the Spanish state to deliver aid payments, according to two people familiar with the situation, Bloomberg News reported. Officials in t ...

Daily Headline - global.abi.org - 03/17/2016 - 21:09 - 0 comments

Syndicate content