spanish government

Spanish government approves `bad bank’ for toxic assets


September 1st, 2012 - 3:07 pm ICT by IANS
Madrid, Sep 1 (IANS/EFE) Spain's government has approved a new financial sector overhaul required by Brussels as a part of a bank-rescue programme, creating an asset-management agency - or "bad ... Read more...

Posted in Business |

Spain’s policy will create jobs: Germany


July 23rd, 2012 - 11:33 am ICT by IANS
Palma (Spain), July 23 (IANS/EFE) German Foreign Minister Guido Westerwelle has expressed his support for the economic policy of Spain's Mariano Rajoy government, because, though it will be "very hard ... Read more...

Posted in Business |

50 tonnes of silver recovered from sea


July 20th, 2012 - 8:17 pm ICT by IANS
London, July 20 (IANS)Around 50 tonnes of silver lost during World War II after a British merchant vessel was sunk in the Atlantic has been hauled up from the sea.A ... Read more...

Posted in Health Science |

Spanish royals cut their own pay


July 18th, 2012 - 11:51 am ICT by IANS
Madrid, July 18 (IANS/EFE) Spain's King Juan Carlos decided to cut his salary and that of Crown Prince Felipe by 7.1 percent in line with government-mandated reductions in pay for ... Read more...

Posted in Business |

Pay cut spurs more protests by Spanish public employees


July 17th, 2012 - 12:33 pm ICT by IANS
Madrid, July 17 (IANS/EFE) Protests by public employees against the Spanish government's decision to cut their pay as part of a new austerity package continued here Monday.Prime Minister Mariano Rajoy's ... Read more...

Posted in Business |

Spanish government approves austerity package


July 14th, 2012 - 1:01 pm ICT by IANS
Madrid, July 14 (IANS/EFE) Spain's conservative Popular Party government has approved a new austerity package, its fourth in seven months, saying the measures it contains are justified by the country's ... Read more...

Posted in Business |

Brazil faults European response for economic crisis


July 14th, 2012 - 12:05 pm ICT by IANS
Rio de Janeiro, July 14 (IANS/EFE) European governments are wrong to address their region's economic woes by diminishing labour rights, Brazilian President Dilma Rousseff said Friday, calling instead for policies ... Read more...

Posted in Business |

Yield on Spanish bonds climbs up


July 10th, 2012 - 10:52 am ICT by IANS
Madrid, July 10 (IANS/EFE) Investors pushed the yield on Spain's benchmark 10-year bond above 7 percent by the close of trading Monday as European Union finance ministers gathered in Brussels ... Read more...

Posted in Business |

Fitch downgrades Spain’s two major banks


June 12th, 2012 - 1:44 pm ICT by IANS
New York, June 12 (IANS) The rating agency Fitch downgraded Spain's two biggest banks by two notches despite the bailout effort made by the European Union (EU).Fitch Monday downgraded the ... Read more...

Posted in Business |

EU needs fiscal, bank integration: Spanish PM


June 6th, 2012 - 12:06 pm ICT by IANS
Madrid, June 6 (IANS/EFE) The European Union should move toward fiscal and banking integration, said Spanish Prime Minister Mariano Rajoy.Rajoy also said that the EU should make clear that the ... Read more...

Posted in Business |

Spanish, Chinese firms sign deals valued at $626 mn


May 25th, 2012 - 12:29 pm ICT by IANS
Madrid, May 25 (IANS/EFE) Spanish and Chinese companies have signed five cooperation agreements and nine sales contracts for Spanish goods being bought by the Asian giant valued at around 500 ... Read more...

Posted in Business |

Spain’s borrowing costs rise sharply in bond auction


May 18th, 2012 - 12:14 pm ICT by IANS
Madrid, May 18 (IANS/EFE) Spain's Treasury auctioned 2.5 billion euros ($3.18 billion) worth of bonds maturing in 2015 and 2016 Thursday, but was forced to pay sharply higher interest rates.The ... Read more...

Posted in Business |

Spanish government takes controlling stake in ailing bank


May 10th, 2012 - 12:07 pm ICT by IANS
Madrid, May 10 (IANS/EFE) The Spanish government will nationalize the parent company of Bankia, the country's fourth-largest bank, and plans to inject additional capital into the troubled institution, the ... Read more...

Posted in Business |

Bolivia nationalises Spanish-owned firm


May 2nd, 2012 - 12:30 pm ICT by IANS
La Paz, May 2 (IANS/EFE) Bolivian President Evo Morales announced Tuesday the nationalization of an electricity distributor owned by Spanish utility REE."Again on this day, as just tribute to the ... Read more...

Posted in Business |

Spain sells 3.2 bn euros in bonds at higher rates


April 18th, 2012 - 12:03 pm ICT by IANS
Madrid, April 18 (IANS/EFE) Spain sold 3.17 billion euros ($4.16 billion) worth of short-term government debt Tuesday, although its borrowing costs rose to their highest levels since December 2011.The Treasury ... Read more...

Posted in Business |

Spanish government to set up stolen babies database


April 13th, 2012 - 11:41 am ICT by IANS
Madrid, April 13 (IANS/EFE) Following a wave of allegations of illegal adoptions, Spain's government pledged Thursday to set up a database of infants who may have been stolen during the ... Read more...

Posted in World |

Spain blames Europe growth concerns for debt-risk premium rise


April 6th, 2012 - 12:31 pm ICT by IANS
Malaga (Spain), April 6 (IANS/EFE) Spain's economy and competitiveness minister on Thursday blamed a sharp rise in the country's debt-risk premium to market volatility triggered by "doubts about growth in ... Read more...

Posted in Business |

Spain raises 2.59 bn euros in bond sale


April 5th, 2012 - 11:57 am ICT by IANS
Madrid, April 5 (IANS/EFE) Spain's Treasury raised 2.59 billion euros ($3.4 billion) Wednesday in an auction of bonds maturing in 2015, 2016 and 2020, but paid sharply higher interest rates ... Read more...

Posted in Uncategorized |

Over 500,000 seek Spanish citizenship


April 2nd, 2012 - 1:06 pm ICT by IANS
Madrid, April 2 (IANS/EFE) A total of 503,439 people, most of them in Latin America, have requested Spanish nationality by virtue of a law according to which the descendants of ... Read more...

Posted in World |

CaixaBank to become Spain’s largest bank by assets


March 27th, 2012 - 12:16 pm ICT by IANS
Barcelona, March 27 (IANS/EFE) CaixaBank said Monday that it plans to purchase Banca Civica for nearly 1 billion euros ($1.33 billion) in a transaction that will leave the buyer as ... Read more...

Posted in Business |

Spain’s 2012 deficit target eased to 5.3 percent of GDP


March 13th, 2012 - 2:01 pm ICT by IANS
Brussels, March 13 (IANS) Eurozone finance ministers have decided to ease the 2012 deficit target for Spain from the original 4.4 percent of GDP to 5.3 percent, Eurogroup President Jean-Claude ... Read more...

Posted in Business |

Spanish government prods banks to modify mortgages


March 11th, 2012 - 12:13 pm ICT by IANS
Madrid, March 11 (IANS/EFE) Spanish banks that voluntarily sign on to a newly approved code of good practices will be required to restructure the mortgage debts of certain distressed borrowers ... Read more...

Posted in Business |

Spanish singer honoured for gay rights work


March 6th, 2012 - 10:59 am ICT by IANS
Guadalajara (Mexico), March 6 (IANS/EFE) Spanish singer Monica Naranjo was given the Maguey Prize over the weekend at Mexico's Guadalajara International Film Festival for her work on behalf of the ... Read more...

Posted in Entertainment |

Spanish treasure lands after 200 years


February 27th, 2012 - 10:00 pm ICT by Aishwarya Bhatt
Madrid, Feb 27 (THAINDIAN NEWS) After more 200 years, the Spanish government has finally taken control of a treasure worth nearly $500 million. The treasure which was aboard a sunken Spanish warship ... Read more...

Posted in World News |

Fitch downgrades Spain’s four largest banks


February 14th, 2012 - 12:03 pm ICT by IANS
Madrid, Feb 14 (IANS/EFE) Fitch Ratings, which downgraded Spanish sovereign debt a month ago, said Monday it lowered its credit rating of Spain's four largest lenders."Fitch believes there is a ... Read more...

Posted in Business |

Sarkozy set to meet Spanish PM after S&P; downgrade


January 16th, 2012 - 1:45 pm ICT by IANS
Madrid, Jan 16 (IANS) French President Nicolas Sarkozy will visit Spain and meet Spanish Prime Minister Mariano Rajoy Monday, according to Spanish government.Sarkozy is the first foreign leader to visit ... Read more...

Posted in World |

Spain to crack down on tax evasion


January 7th, 2012 - 3:05 am ICT by IANS
Madrid, Jan 7 (IANS/EFE) The Spanish government has said it will step up the fight against tax evasion in a bid to raise an additional 8.2 billion euros (around $10 ... Read more...

Posted in World |

Ricky Martin receives Spanish citizenship


November 5th, 2011 - 12:04 pm ICT by IANS
Madrid, Nov 5 (IANS/EFE) The Spanish government has granted citizenship to Puerto Rican artists Benicio del Toro and Ricky Martin.These two, "famous in their different arts, wish to share Spanish ... Read more...

Posted in Entertainment |

Spain to hand over Mubarak confidant


October 11th, 2011 - 12:51 am ICT by IANS
Cairo, Oct 10 (IANS/RIA Novosti) The Spanish government is ready to extradite Egyptian tycoon Hussein Salem, a confidant of former president Hosni Mubarak.Madrid had previously refused to hand over Salem, ... Read more...

Posted in World |

Franco’s remains may be exhumed


October 10th, 2011 - 6:55 pm ICT by IANS
Madrid, Oct 10 (IANS/AKI) Spain may dig up the remains of late dictator Francisco Franco to move them from a sprawling mausoleum to a cemetery, a news report said. A ... Read more...

Posted in Politics |

Parents of Indian jailed in Spain die in Mumbai


September 30th, 2011 - 11:22 pm ICT by IANS
Mumbai, Sep 30 (IANS) The parents of Mumbai-born businessman Roshan Jamal Khan, who has been imprisoned in Spain for planning terrorist attacks in Barcelona in 2008, have died here in ... Read more...

Posted in Health Science |

Tagore gala begins in Spain with book, culture blitz


September 13th, 2011 - 12:48 pm ICT by IANS
New Delhi, Sep 13 (IANS) Perhaps a historic wrong was set right when Nobel laureate Rabindranath Tagore reconnected to thousands of admirers in Spain - one of the few countries ... Read more...

Posted in Uncategorized |

Markets hammer Spanish bonds


August 3rd, 2011 - 1:20 pm ICT by IANS
Madrid, Aug 3 (IANS/EFE) Prime Minister Jose Luis Rodriguez Zapatero decided to postpone his summer break after the risk premium on Spanish government bonds climbed to a record 400 basis ... Read more...

Posted in Business |

Human error blamed for 2008 plane crash in Madrid


July 30th, 2011 - 11:47 am ICT by IANS
Madrid, July 30 (IANS/EFE) The crew was at fault in the August 2008 crash of a Spanair MD-82 airliner in the vicinity of Madrid's Barajas International Airport that left 154 ... Read more...

Posted in World |

UN inaugurates communications hub in Spain


July 7th, 2011 - 11:34 am ICT by IANS
Quart de Poblet (Spain), July 7 (IANS/EFE) UN Secretary-General Ban Ki-moon and Spain's Crown Prince Felipe met here Wednesday to inaugurate a new UN telecommunications center to support peacekeeping efforts ... Read more...

Posted in World |

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