Spain says will seek to block watered-down Catalan vote on independence


MADRID - Spain will seek to block in the courts a watered-down version of a Catalan vote on independence planned for Nov. 9 in the same way it stopped a non-binding referendum, Deputy Prime Minister Soraya Saenz de Santamaria said on Friday.

Exclusive - Owners of Spain's Parques Reunidos ponder $2.6 billion sale: sources 30 Oct 2014

LONDON - The private equity owners of Parques Reunidos are sounding out interest for a sale that could value the Spanish zoo, marine and water park operator at about 2 billion euros (1.62 billion pounds), four sources familiar with the matter said on Thursday.


Weak inflation figures hit euro zone, but not expected to jolt ECB 30 Oct 2014

FRANKFURT - Weak price pressure in Germany and Spain compounded the European Central Bank's policy headache on Thursday but it is still expected to hold off action next week, waiting to assess the impact of its new round of stimulus.


Spain state adviser backs move to block Catalonia independence vote 30 Oct 2014

MADRID - The Spanish state adviser on Thursday backed a veto of a watered-down Catalan vote on independence planned for Nov. 9, making it likely the government will try and have the "consultation of citizens" blocked by the courts.


Scottish Power may cut size of offshore wind farm 30 Oct 2014

LONDON - British energy company Scottish Power, owned by Spain's Iberdrola, said it might scale back the capacity of an offshore wind farm it plans to build off the English east coast because the government's subsidy budget is too low.

Rent squeeze points to frailty of Spain's retail bounce 30 Oct 2014

MADRID - Spain's independent retailers remain enmeshed in the fabric of daily life at a time when chains and multinationals dominate in much of the rest of western Europe.


Spain's prime minister says sorry for corruption 28 Oct 2014

MADRID - Spanish Prime Minister Mariano Rajoy apologised on Tuesday for the first time for corruption scandals affecting members of his ruling People's Party and pledged to do more to clean up Spanish politics.


Spain central government moves to block new Catalan vote 27 Oct 2014

MADRID - Spain's central government took the first step on Monday towards blocking a "consultation of citizens" that the Catalonia region intends to hold next month in the place of a full referendum on independence from Spain that was barred by a court.

Bank health check brings relief to euro zone bond market 27 Oct 2014

LONDON - German Bund yields inched higher, while Spanish and Italian yields fell on Monday after the euro zone bank stress tests showed no major bank was in trouble, while those that failed had only a small capital hole to fill.


ECB faces test of its own as Europe braces for landmark banking review 26 Oct 2014

FRANKFURT - After putting the euro zone's top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday - will its landmark health check succeed in convincing investors the region's lenders are safe?


ECB to start ABS purchases in November with help from asset managers

FRANKFURT - The European Central Bank hired four major asset managers to carry out from November its purchases of securitised private debt, one of the stimulus measures the bank hopes will stave off deflation in the euro zone.