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Updated: 2 days 8 hours ago

Guardiola first choice for Liverpool

Fri, 05/18/2012 - 06:12
After sacking Kenny Dalglish as manager at the weekend, Liverpool Football Club are allegedly lining Pep Guardiola up as his successor. Guardiola, who left Barcelona last week after four successful ...
Categories: Europe

Spain's troubled Bankia stock soars 19.55%

Fri, 05/18/2012 - 06:08
AFP © <p>A customer uses a Bankia ATM machine in Madrid on May 17. Spain's troubled Bankia stock soared 19.55 percent on Friday as the financial sector staged a dramatic recovery a ...
Categories: Europe

Goldman Sachs to review Spanish Bankia plight

Fri, 05/18/2012 - 05:48
Clients of Spain's fourth largest bank Bankia across indebted European nations are in a panic. Depositors of the Spanish lender withdrew over EUR1 bln from their accounts in the last week, El ...
Categories: Europe

Moody&rsquo;s poised to downgrade 21 Spanish banks as &euro;1bn pulled from Bankia

Fri, 05/18/2012 - 05:46
RATINGS agency Moody’s is poised to downgrade up to 21 Spanish banks as Spain saw its borrowing costs rise sharply, according to reports today. Stock markets fell across Europe as Spain paid ...
Categories: Europe

Italy, Spain Bond Yields Grow on Moody&#039;s Downgrades

Fri, 05/18/2012 - 05:46
The yield on Italian and Spanish 10-year sovereign bonds rose beyond six percent after Moody's downgraded ratings for 16 Spanish financial ...
Categories: Europe

Spanish banks have &#039;no liquidity problem&#039;, says Treasury minister

Fri, 05/18/2012 - 05:42
Spain 's banks are well-funded for at least the next two years and do not have a "liquidity problem", Treasury minister Inigo Fernandez de Mesa said, after 16 of the country's ...
Categories: Europe

Spain debt costs to leap at bond sale as investors eye Greece

Fri, 05/18/2012 - 05:42
The Treasury aims to sell between 1.5 billion and 2.5 billion euros ($1.9 billion-$3.2 billion) of sovereign bonds expiring in 2015 and 2016. But with nervous investors dropping assets from euro ...
Categories: Europe

Spain Weather - Friday May 18 2012

Fri, 05/18/2012 - 05:39
Cloudy or overcast in their northern third of the country with showers occasionally stormy, and which could be heavy in Navarra, La Rioja, Aragn and the west of Catalua, especially in the Pyrenees. ...
Categories: Europe

Spain beset by bank crisis, downgrades, bond pressure

Fri, 05/18/2012 - 05:38
MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders - ...
Categories: Europe

Spanish stocks higher on talk of short-selling ban

Fri, 05/18/2012 - 05:36
MADRID (MarketWatch) -- Spanish stocks rebounded from a sharp opening loss on Friday lifted by gains across the banking sector and led by a 26% rise for Bankia ...
Categories: Europe

Spain Stocks Plummet After Downgrade

Fri, 05/18/2012 - 05:24
MADRID (AP) -; Spanish stocks dropped sharply early Friday morning after ratings agency Moody's downgraded its credit score of 16 Spanish banks in the latest blow to the troubled financial ...
Categories: Europe

Real Madrid&#039;s records in La Liga 2011/12

Fri, 05/18/2012 - 04:56
Real Madrid won their 32nd league title when they defeated Athletic Bilbao at San Mames, becoming the first visiting side to win the trophy at the stadium. The Whites have established several new ...
Categories: Europe

Spain to kick off banking sector audit

Fri, 05/18/2012 - 04:32
Spain , under pressure from the European Union to accelerate its bank clean-up, will name independent auditors on Friday to probe bad loans and property holdings in the financial sector and ...
Categories: Europe

Spain, Italy yields rise in wake of Moody&#039;s move

Fri, 05/18/2012 - 04:26
FRANKFURT (MarketWatch) -- Spanish, Italian and peripheral euro-zone government bonds came under renewed pressure Friday morning, pushing up yields, as investors fled risky assets for safe havens, ...
Categories: Europe

Spain slides back into recession after second quarter of contraction

Fri, 05/18/2012 - 03:32
MADRID -- Spain fell into recession in the first quarter of 2012 with a decline of 0.3 percent in gross domestic product (GDP), the same rate of contraction recorded late last year, official data ...
Categories: Europe

Spain&#039;s Bankia plunges on report of over US$1.27 bil. in withdrawals

Fri, 05/18/2012 - 03:32
MADRID -- Shares in Spain's Bankia, taken over by the state because of its troubled loans, plunged Thursday after a newspaper said that clients had withdrawn more than 1 billion euros (US$1.27 ...
Categories: Europe

Spanish royal family in fresh embarrassment over role of blonde aristocrat

Fri, 05/18/2012 - 03:25
King Juan Carlos last month and the mysterious role of the blonde aristocrat who accompanied him. Corinna zu Sayn Wittgenstein appears on the cover of the June edition of ...
Categories: Europe

Spanish government &#039;hires Goldman Sachs to value Bankia&#039;

Fri, 05/18/2012 - 03:20
news ) to carry out an independent valuation of Bankia, the ailing bank taken over by the state last week.Spanish newspaper Expansion said on Friday that the US bank will review Bankia's and ...
Categories: Europe

Ex Mayor of Casares finds bail

Fri, 05/18/2012 - 03:18
The family of the ex Mayor of Casares has found the 200,000 EUR bail set on Juan Snchez. Friends and neighbours contributed to the amount and the current Mayor, Antonia Morera, donated 10,000 EUR. ...
Categories: Europe

The British are still flooding to Benidorm

Fri, 05/18/2012 - 03:18
Despite a fall in numbers generally, Benidorm has reported a 3% increase in reservations for the summer season, (May to October) from British tourists. Hoteliers are more optimistic about May and ...
Categories: Europe

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