Bank of Spain denies report of stress tests this month


MADRID - The Bank of Spain has denied it plans to subject Spanish lenders to stress tests this month ahead of Europe-wide health checks following a report in newspaper Cinco Dias on Tuesday.


Telefonica offers concessions amid EU antitrust concerns for E-Plus deal - FT 14 Apr 2014

- Spanish telecoms provider Telefonica SA is offering to lease some spectrum to a German competitor in a bid to secure EU antitrust approval for its proposed takeover of KPN's E-Plus unit in Germany, the Financial Times reported on Monday.


Franco-era policeman in extradition hearing in Spanish court 10 Apr 2014

MADRID - A former Spanish policeman denied he had carried out torture at a hearing in a Madrid court on Thursday, part of an extradition request from Argentina, where he is wanted for crimes allegedly committed during dictator General Francisco Franco's rule.

Political heat rises over bid for Spanish olive oil giant 09 Apr 2014

MADRID - Some of the owners of the world's top olive oil bottler Deoleo are rethinking plans to sell, sources said, after the Spanish government revealed its interest in buying into what it sees as a nationally strategic company.

Spanish olive oil firm Deoleo gets best takeover bid from CVC 09 Apr 2014

MADRID - Spanish olive oil bottler Deoleo , the target of a takeover battle that has taken on political dimensions, said on Wednesday that British private equity firm CVC Capital Partners had made the best bid for the company.


Catalan leader says parliament rejection won't halt referendum 08 Apr 2014

MADRID - Catalonia President Artur Mas said on Tuesday he would forge ahead with his region's plans to hold a referendum on independence in November after Spain's parliament overwhelmingly rejected the petition.


Spain's parliament set to reject Catalan referendum 08 Apr 2014

MADRID - Spain's parliament looks certain to reject a petition from Catalonia to hold a referendum on independence, despite heavy support for the separatist movement in the wealthy northeastern region.


Spain's 'bad bank' to seek managers for 50 billion euros in assets 08 Apr 2014

MADRID - Spain's "bad bank", created to clean up the financial sector, will shortly put contracts out to tender for the management of its 50 billion euros (41 billion pounds) of troubled real estate loans and properties, an executive at the vehicle said.

Spain busts group accused of plans to send arms machinery to Iran 07 Apr 2014

MADRID - Spain said on Monday it had dismantled a group it accused of plotting to send industrial equipment to Iran that could be used for weapon manufacture in violation of international sanctions.


Spain's Popular circles Citi's local bank in market shake-up 04 Apr 2014

MADRID - Banco Popular said on Friday it was in talks to buy Citigroup's retail banking and credit card business in Spain, where foreign players have struggled to compete with dominant local banks after a deep financial crisis.