Tag: Spain

• Wednesday, October 19th 2011 - 06:22 UTC

  “Vulnerable to funding stress” Moody’s downgrades Spain’s sovereign rating

  

  Moody's Investors Service cut Spain's sovereign ratings by two notches, saying high levels of debt in the banking and corporate sectors leave the country vulnerable to funding stress.

• Monday, October 17th 2011 - 21:46 UTC

  Spanish corporation will construct 70ml bio-ethanol plant in Uruguay

  

  Spain’s Abengoa has announced that it will construct a bio-ethanol plant in the department of Paysandu, Uruguay, for Alcoholes de Uruguay, or ALUR. The contract, which includes the construction of an adjoining power cogeneration plant, is worth 120 million dollars.

• Friday, October 14th 2011 - 02:58 UTC

  S&P downgrades Spain’s credit rating on incomplete labour market reforms

  

  Ratings agency Standard and Poor's downgraded the long-term credit rating of Spain by one notch, knocking the Euro down by a third of US cent as it followed hard on the heels of a similar downgrade by Fitch last week.

• Saturday, October 8th 2011 - 08:20 UTC

  Chronicle of a foretold cut: Fitch downgrades Italy and Spain’s credit rating

  

  Fitch cut on Friday Italy's sovereign credit rating by one notch and Spain's by two, citing a worsening of the Euro zone debt crisis and a risk of fiscal slippage in both countries. Fitch cut Italy's rating to A+ from AA- and lowered Spain to AA- from AA+.

• Wednesday, October 5th 2011 - 21:39 UTC

  Operation Fire Wall: IMF will also chip in funds to protect Spain and Italy

  

  The International Monetary Fund could buy Spanish or Italian bonds alongside the Euro zone bailout fund if needed, to help boost investor confidence in those countries, the IMF Europe head Antonio Borges said on Wednesday.

• Wednesday, October 5th 2011 - 08:26 UTC

  Anaemic Spain: no end in sight for soaring unemployment

  

  The number of people filing for unemployment benefits in Spain shot up by nearly 100,000 in September, a surprisingly big increase even in a month that tends to be bad for workers as vacation season contracts expires.

• Thursday, September 29th 2011 - 18:33 UTC

  Bilateral negotiations in Gibraltar’s future, anticipates Spanish expert

  

  Already in difficulty under Spain’s Socialists, PSOE, the Trilateral forum (Spain, UK and Gibraltar) is unlikely to flourish under a Conservative PP government. That is the view expressed by Luis Ayllon, diplomatic correspondent of the right-leaning ABC Spanish national and a veteran reporter of Gibraltar affairs.

• Monday, September 26th 2011 - 17:10 UTC

  Spanish Conservatives poised for absolute majority in November election

  

  Spanish Prime Minister Jose Luis Rodriguez Zapatero dissolved parliament on Monday, but pledged more measures to tackle Spain's economic crisis before a November election that is expected to hand power to the conservative opposition.

• Thursday, September 15th 2011 - 21:28 UTC

  Spanish corporations have 130 billion dollars invested in Latin America

  

  Foreign Minister Trinidad Jimenez emphasized this week the growing relevance of Spain in Latin America, where Spanish firms have made 130 billion Euros worth of investments.

• Wednesday, September 14th 2011 - 06:19 UTC

  UK reiterates support of Gibraltar sovereignty and will protest naval incident

  

  Any discussions that UK has on Gibraltar with Spain “reflect our clear position on sovereignty, which is that the UK will never enter into arrangements under which the people of Gibraltar would pass under the sovereignty of another state against their wishes” Europe Minister David Lidington has said.