international investors
March 1st, 2010
Thin turnouts for union protests against an unpopular pension reform may ease pressure on the Spanish government as it seeks to calm markets with austerity measures while avoiding social conflict. A total of only a few tens of thousands of protesters showed up for marches in Madrid, Barcelona and Valencia on ...
Continue reading Spanish Pension Reform Protest Lacks Support
June 4th, 2010
Shares of Portugal Telecom climbed on Wednesday, nearly single-handedly driving its home market to positive ground, after Spain's Telefonica came back with a 14% higher bid for the Portuguese group's stake in a Brazilian telecom. Portugal Telecom shares were up 4.1% in Lisbon trade and had gained as much as 8%, ...
Continue reading Telefonica Up Bid for Brazil's Vivo
July 9th, 2010
International investors flocked to buy Spanish bonds on Tuesday amid rising hopes that Madrid had averted a financial crisis and would not have to use emergency bail-out loans. The Spanish raised €6bn ($7.6bn) in 10-year bonds, with orders rising to €14bn in the space of just a few hours, as many ...
Continue reading Spanish Bonds Attract Global Investors
September 9th, 2010
Spanish banks that were squeezed out of wholesale finance markets in May have returned in force with a series of bond issues since late July and raised more than $4bn in the first five days of September alone, according to company announcements and figures from Dealogic, the data provider. But both ...
Continue reading Spanish Banks Return to Bonds
February 25th, 2011
Millions of Spaniards are trapped in debt, stuck with overpriced homes that are keeping household spending low, unemployment high and international investors nervous. The bursting of Spain's property bubble has left few winners bar those who have scooped up a bargain at forced auctions of luxury flats in deserted housing estates ...
Continue reading Spanish Property Crisis Traps Millions in Debt
March 9th, 2011
As the restructuring of Spain’s savings banks enters a key phase, an opportunity is opening up for U.S. hedge funds and private-equity firms to play a role. The government will unveil Thursday how much capital the savings banks, known as cajas, must raise under strict new minimum-capitalization requirements introduced earlier this ...
Continue reading Spain’s Cajas May Lure US Investors
March 21st, 2011
Spain is redoubling its efforts to lower the country's chronically high unemployment rate and labor costs this month, under intense pressure from the European Union and international investors. The reform received new impetus from an EU agreement last week on measures to boost employment, competitiveness and budget discipline among euro-zone countries. ...
Continue reading Spain Ups Efforts to Address Unemployment
April 8th, 2011
Three years into Spain's economic crisis, the worst could still be to come for the country's ailing banks as they grapple with falling profits and rising bad debt, the central bank chief warned Tuesday. "2011 will be another year of adjustment, and for the banking sector, it will be one of ...
Continue reading Spanish Banks Face Difficult Year, Warns Bank Chief
November 8th, 2011
Campaigning has officially started for Spain's parliamentary elections, which are taking place in two weeks. All the opinion polls point to the centre-right opposition Popular Party (PP) beating the governing Socialists (PSOE) by at least 15 points. Spain is facing its worst economic crisis in decades, with an unemployment rate close to ...
Continue reading Spain on the Election Trail
