MADRID - Barclays' sale of its Spanish banking business to Caixabank looks set to mark the end of a hectic first round of consolidation in the country's finance industry as it emerges from the financial crisis.
MADRID - Spain's Caixabank said on Monday that its acquisition of Barclays' retail and corporate banking operations in the country would bring around 150 million euros ($197 million) in gross cost savings by 2016.
MADRID - Barclays is selling its Spanish retail and corporate banking operations to Caixabank , the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.
BRUSSELS - Spanish Finance Minister Luis de Guindos has the support of some euro zone countries to replace Jeroen Dijsselbloem as the head of euro zone finance ministers when Dijsselbloem's term ends in the middle of 2015, the president of the European Council said on Saturday.
MILAN - Telecom Italia is preparing to offer up to 7 billion euros ($9.4 billion) to outbid Spain's Telefonica in the race to acquire Vivendi's Brazilian broadband unit GVT, according to a Bloomberg report on Sunday.
MADRID - Moroccan police, working in collaboration with Spanish authorities, have broken up a network suspected of recruiting fighters for the Iraqi-Syrian jihadist group Islamic State, and arrested nine people, Spain said on Thursday.
MADRID - For nearly 10 years, Spanish internet company Let’s Gowex SA said it was making money by providing public wi-fi in cities around the world. Most of the contracts, it now emerges, never existed.
ROME - The head of Telecom Italia is set to meet Vivendi chairman Vincent Bollore on Wednesday or Thursday to discuss an offer for the French group's Brazilian broadband unit GVT, two sources with knowledge of the matter said.
MADRID - Spanish emergency services picked up 755 immigrants traveling in dozens of small boats and makeshift rafts across the Strait of Gibraltar on Tuesday and 227 from the same stretch of water the day before, the Maritime Safety Agency said.
MONROVIA/DAKAR - Liberia said on Tuesday it would treat two infected doctors with the scarce experimental Ebola drug ZMapp, the first Africans to receive the treatment, while authorities in Spain said a 75-year-old priest had died of the disease.
PRAGUE - Polish manufacturing activity shrank for a second straight month in August and Czech expansion slowed more than expected, adding to signs weaker euro zone economies and crisis in Ukraine are cooling growth in the EU's east.