MADRID - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favour of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.
VIENNA - Alpine, the Austrian unit of Spanish construction group FCC , will hold talks with its owners on how to meet its financing needs and has many options open, Chief Executive Arnold Schiefer said.
MADRID - The arrest of a prominent former Spanish banker is raising hopes among campaigners that the hunt for those responsible for the problems inherited by Bankia and other failed lenders will deliver results.
LONDON - On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds".
GEORGETOWN - Guyana's government on Tuesday signed an agreement giving Spanish oil company Repsol rights to explore for crude off the South American nation's coast.
MADRID/LONDON, May 14 (Reuters/IFR) - Spain's government and some of its top firms tapped into rising interest among domestic and foreign investors for bonds from weaker euro zone economies on Tuesday, issuing bumper levels of debt at sharply lower rates.
MADRID/LONDON, May 14 (Reuters/IFR) - Spain's government and some of its top firms took advantage of falling borrowing costs to gear up their debt programmes, tapping into rising interest among investors for bonds from weaker euro zone economies.
MADRID - Spain's banking sector clean-up is about to enter a decisive new phase, with new rules forcing lenders to recognise yet more bad debts widely expected to be toughened up as time goes on.
MADRID - Here are details of the new rules released by the Bank of Spain last week to account for refinanced loans held by Spanish lenders as well as existing provisioning regulations and an outline of the likely impact for banks.
LONDON - International Airlines Group reported wider first-quarter operating losses on Friday, as deepening trouble at its Spanish carrier Iberia wiped out progress at British Airways.
BERLIN - Germans lamented their unexpectedly poor showing at the Eurovision Song Contest, blaming Chancellor Angela Merkel's tough stance in the euro zone crisis for their failure to win any points from 34 of the 39 countries voting.