Spain

Spanish banks say fewer bad debts show turnaround could be here

MADRID - Spain's Caixabank and Sabadell posted fewer bad debts in the first quarter of 2014 and heralded the start of a turnaround for the country's banks after a costly crisis.

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Spain's Caixa, Sabadell signal turnaround with bad debt falls 8:30am BST

MADRID - Spain's Caixabank and Sabadell on Thursday said bad debts had fallen slightly in the first quarter, signalling the start of a more marked turnaround for the country's banks.

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Vodafone's interest in Yoigo depends on EU telecom deals stance 23 Apr 2014

MADRID - Vodafone could be interested in buying Spain's fourth-largest mobile operator Yoigo once it is clear how tough the European regulator will be on tie-ups in the sector, the British firm's chief executive said.

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Bankinter profit rise sets positive tone for Spain's banks 23 Apr 2014

MADRID - Spain's Bankinter reported a 19 percent rise in first-quarter net profit and said bad loans were close to a peak, setting a positive tone for the rest of the country's banks which are aiming to benefit from an improving economy.

Spain to cut 2014 net debt issuance on higher tax revenue 23 Apr 2014

MADRID - Higher than expected tax receipts and falling financing costs will allow Spain to sharply cut net debt issuance for 2014 from an estimated 65 billion euros (53 billion pounds), Economy Minister Luis de Guindos said on Wednesday.

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Bank of Spain denies report of stress tests this month 15 Apr 2014

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.

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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.

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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.

Cash drop in the euro zone adds to impetus for ECB action

LONDON/FRANKFURT - The amount of spare cash in the euro zone banking system fell to its lowest levels in 2-1/2 years on Thursday, pushing up short-term money market rates and adding impetus for the ECB to loosen policy further.