Spain
Results for Spain
- Pescanova's Ex-Chairman Charged With Falsifying Information
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A Spanish High Court judge has charged the former chairman of fishing firm Pescanova, Manuel Fernandez de Sousa, with falsifying information and insider trading, according to a court document published on Thursday, Reuters reported. Pescanova, one of the ...
Daily Headline - global.abi.org - 05/23/2013 - 21:51 - 0 comments
- Germany Offers Jobs And Apprenticeships To Young Spanish Jobless
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Germany has agreed to give jobs or apprenticeships to about 5,000 young unemployed Spaniards every year, under a deal signed by labour ministers from both countries in Madrid on Tuesday, the Financial Times reported. The deal reflects rising concern ...
Daily Headline - global.abi.org - 05/21/2013 - 21:55 - 0 comments
- Codere Tumbles to Record Low on High Default Risk
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Codere SA, the Spanish gambling company that last week reported its worst earnings in more than two years, sunk to a record after Moody’s downgraded its credit rating on concern it may default on loans by the end of June, Bloomberg reported. Codere, whic ...
Daily Headline - global.abi.org - 05/20/2013 - 23:02 - 0 comments
- Bankia Compensation Qualms Signal Loss Of Faith In Spain's Banks
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Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system, Reuters reported. The dispute ...
Daily Headline - global.abi.org - 05/19/2013 - 20:48 - 0 comments
- Spanish Judges Hold Former Caja Madrid Chief In Jail
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Spanish judges this week sent the strongest signal yet that they intend to crack down on former executives at bailed-out banks by putting the ex-president of Caja Madrid into custody in the first detention of a top financier since the financial crisis be ...
Daily Headline - global.abi.org - 05/19/2013 - 20:48 - 0 comments
- El Pais Owner Said to Plan $3.8 Billion Debt Restructuring
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Promotora de Informaciones SA, the publisher of El Pais newspaper, wants to reorganize the terms of about 2.9 billion euros ($3.8 billion) of debt, according to a person familiar with the matter, Bloomberg reported. Prisa, as Spain’s biggest media compan ...
Daily Headline - global.abi.org - 04/29/2013 - 22:19 - 0 comments
- Failure Of Spain's Pescanova Lifts Lid On Culture Of Secrecy
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Even in a record year for Spanish bankruptcies, the filing by Pescanova, a household local name that farms, catches and processes fish, stands out not just for scale, but for the opaque culture and boardroom dysfunction it has revealed, Reuters reported ...
Daily Headline - global.abi.org - 04/28/2013 - 21:06 - 0 comments
- Unemployment Hits New Highs in Spain, France
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Unemployment in Spain and France has jumped to new highs, data showed Thursday, lending ammunition to a growing chorus calling for easing the euro zone's austerity drive as the cure for its debt crisis because of the high social fallout, The Wall ...
Daily Headline - global.abi.org - 04/25/2013 - 23:05 - 0 comments
- Spanish Court Accepts Pescanova Insolvency
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A Spanish court accepted Spanish fishing company Pescanova's insolvency petition on Thursday and said it would name independent administrators to replace the board of directors, Reuters reported. "We declare Pescanova in insolvency," the P ...
Daily Headline - global.abi.org - 04/25/2013 - 23:05 - 0 comments
- Spain Property-Sale Efforts Face a Snag
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Defying the conservative central government in Madrid, Andalusia this month implemented measures that will temporarily stop evictions and penalize banks and real-estate firms for holding hundreds of thousands of vacant properties, The Wall Street Journ ...
Daily Headline - global.abi.org - 04/24/2013 - 21:07 - 0 comments
