Abengoa SA, the Spanish renewable energy company that has filed for creditor protection, missed interest payments to noteholders in Mexico, Bloomberg News reported. Abengoa de Mexico SA investors were due 1.16 million pesos ($70,000) on Thursday, financial advisory Monex Casa de Bolsa SA said in two regulatory filings with BMV, the Latin American nation’s securities exchange. Monex represents holders of the notes, it said. Seville, Spain-based Abengoa filed for preliminary creditor protection with a court in its home city on Nov.

Greece’s economy contracted at a faster pace in the third quarter than previously estimated as capital controls to shore up banks took a toll on investment, exports and consumer spending, revised statistics service data showed on Friday, the Irish Times reported. Gross domestic product declined by 0.9 per cent from July to September compared to the second quarter based on seasonally adjusted data - a steeper fall than a previously estimated 0.5 per cent contraction.

A Connecticut court has rejected an attempt by Gayle Killilea to prevent her husband Seán Dunne’s Irish bankruptcy assignee from getting a ruling from the court to help him chase assets transferred by the bust developer to his wife, the Irish Times reported. Mr Dunne has also been declared bankrupt in the US and his court-appointed trustee there sought the ruling that would help him and Chris Lehane, who is overseeing his Irish bankruptcy, to pursue the assets.

Banks in Italy fared better during the financial crisis than many of their peers, sparing Italian taxpayers the bail-outs their counterparts in other countries had to shoulder. But although they stuck to their cautious business models and avoided fuelling a big housing boom and bust, Italy’s protracted recession has enfeebled them, The Economist reported. It has caused bad loans to soar, which in turn has prevented them from supporting a still weak recovery with new lending.

With Abengoa SA one step closer to becoming Spain’s biggest corporate bankruptcy, creditors are faced with the unpalatable choice of dumping their holdings or taking their chances on an eventual settlement with the renewable energy company, Bloomberg News reported. The predicament is playing out in the markets. Abengoa’s bonds were among the most-traded securities in Europe on Wednesday, with its 8.5 percent notes due in March plunging to as low as 12 cents on the euro from 63 cents, according to data compiled by Bloomberg.

The National Asset Management Agency (Nama) plans to sell two portfolios of property loans with a face value of €6 billion as it winds down its stock of risky commercial property debt, according to sources, the Irish Times reported. The loans will be split into two groups of €3 billion each and will be sold at a discount, said the sources. A spokesman for Nama declined to comment. The Government set up Nama in 2009 to take over €74 billion of commercial property loans held by Irish banks and sell them over as many as 10 years.

The number of jobless in France rose to a new record in October even as the wider measure of people looking for work showed tentative signs of stabilising, the Financial Times reported. Figures from the labour ministry showed 42,000 additional people were out of work last month, bringing the total number of jobless to 3.59m. The increase was the biggest monthly jump in at least two years and will doubtless deal a blow to President Francois Hollande’s pledge to set the economy back on track and create more jobs.

Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the "deal of the century," the International New York Times reported. Barclays arranged the 1.9 billion pound transaction in 2011 and 2012 for a number of rich clients deemed by the regulator to be politically exposed persons (PEPs), or people holding prominent positions that could be open to financial abuse.

Italy’s banks will shoulder most of the burden of rescuing four of the nation’s lenders, incurring €1.8 billion in extra costs for the year under a bailout plan that spares senior bondholders and large depositors, the Irish Times reported. The rescue will add to pressure on an industry hobbled by weak economic growth and narrow lending margins. Profitability remains below the level before the 2008 financial crisis. “Italy’s bank resolution is no free lunch,” Royal Bank of Scotland analyst Alberto Gallo said.

Former Anglo Irish Bank chief executive David Drumm is in a bigger fight to stop his extradition to Ireland to face criminal charges, but he has just lost a smaller one: his bid to walk away from his debts. Eleven months after a US bankruptcy judge denied him a discharge from bankruptcy because he lied and fraudulently and knowingly failed to disclose €680,000 in cash transfers to his wife Lorraine, the 49-year-old Dubliner has lost his appeal against that withering ruling.