Spain

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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

Santander Profit Down on Restructuring and Bank Fund Charges

Banco Santander of Spain said on Wednesday that its profit declined by nearly half in the second quarter on restructuring charges and a contribution to a fund to help finance bank “bail-ins” in Europe, the International New York Times reported. For t ...

Daily Headline - global.abi.org - 07/27/2016 - 22:04 - 0 comments

Europe Decides Against Fines for Spain and Portugal

European Union officials, facing the rise of populist movements across the region, opted against hitting Spain and Portugal with sanctions on Wednesday for breaking the bloc’s rules on government spending, the International New York Times reported. T ...

Daily Headline - global.abi.org - 07/27/2016 - 22:06 - 0 comments

Spain Set For Corporate Tax Rise As Madrid Tackles Deficit

The private sector in Spain is set to shoulder most of the burden as the government moves to bring its wayward deficit into line, after the economy minister unveiled plans to raise an extra €6bn in corporate taxes next year, the Financial Times repor ...

Daily Headline - global.abi.org - 07/12/2016 - 23:34 - 0 comments

Eurozone Slams Spain, Portugal On Excessive Deficits

Eurozone finance ministers agreed on Monday (Jul 11) to officially declare Spain and Portugal in breach of the EU public spending rules, a key step to possibly imposing unprecedented penalties against members of the currency bloc, Channel News Asia repor ...

Daily Headline - global.abi.org - 07/11/2016 - 21:12 - 0 comments

EU Executive Rules Spain, Portugal Didn’t Do Enough to Curb Budget Deficits

The European Commission said Thursday that Spain and Portugal didn’t take sufficient measures to bring their 2015 budget deficits within European Union limits, triggering a process which could eventually lead to financial sanctions, The Wall Street Jou ...

Daily Headline - global.abi.org - 07/07/2016 - 23:05 - 0 comments

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