Spain

AstraZeneca buys Almirall lung drugs for up to $2.1 billion

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LONDON - AstraZeneca took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion (1.24 billion pounds) for the rights to Spanish group Almirall's lung drugs.

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Ex-Catalan chief Pujol stripped of titles in Spain tax scandal 29 Jul 2014

MADRID - One of the most prominent political figures of democratic Spain will be stripped of honorary privileges after he said he hid a personal fortune from the Spanish taxman for three decades.

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Spain's Felipe VI to keep royals out of private sector 28 Jul 2014

MADRID - Members of Spain's scandal-tinged royal family will not be allowed to work for private firms and palace accounts will be subject to external audit under new rules imposed by King Felipe VI to help the monarchy regain public favour.

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Vodafone revenue dragged lower by Spain and South Africa 25 Jul 2014

LONDON - Vodafone reported another big quarterly drop in its main revenue measure, as weakness in South Africa and Spain offset stabilization elsewhere in Europe, and said a broader improvement is not expected until later in the year.

Spain unemployment falls to lowest in two years 24 Jul 2014

MADRID - Spain's unemployment rate fell to its lowest level in two years in the second quarter, data showed on Thursday, lifted by strong job creation in the services sector and adding to hopes of a sustained economic turnaround.

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Profit recovery picks up at Spain's Sabadell, Bankinter 24 Jul 2014

MADRID - Mid-sized Spanish lenders Banco Sabadell and Bankinter showed net income from lending rising at a higher-than-expected rate in the second quarter, as a sustained turnaround in the country's banking sector started to take shape.

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Chinese president ends regional tour in cradle of Cuban Revolution 24 Jul 2014

HAVANA - Chinese President Xi Jinping ended an eight-day trip through Latin America on Wednesday with a visit to eastern Cuba, where both the island’s independence struggle against Spain and Fidel Castro’s revolution began.

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Chinese president ends regional tour in cradle of Cuban Revolution 23 Jul 2014

HAVANA - Chinese President Xi Jinping ended an eight-day trip through Latin America on Wednesday with a visit to eastern Cuba, where both the island’s independence struggle against Spain and Fidel Castro’s revolution began.

Vodafone curtails Orange Spanish fibre network after Ono buy 23 Jul 2014

LONDON - Vodafone Group Plc is scaling back the fibre network it is building in Spain with France's Orange , after the completion of its deal to buy cable company Ono.

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Bank of Spain sees GDP growth picking up to 2 percent in 2015 23 Jul 2014

MADRID - The Bank of Spain revised up its economic growth forecasts for this year and next on Wednesday, saying it expected a 2 percent expansion in 2015 after internal demand and business investment gathered pace in recent weeks.

German inflation probably eased in July, states data shows

BERLIN - Annual inflation in Europe's largest economy probably slowed in July, data from some German states suggested on Wednesday, probably pushing the euro zone rate lower and raising pressure on the ECB to take action.