Spain

Bankia compensation qualms signal loss of faith in Spain's banks

Photo

MADRID - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.

Bankia compensation qualms signal loss of faith in Spain's banks

MADRID - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.

19 May 2013

Alpine in talks with FCC on financing: CEO

VIENNA - Alpine, the Austrian unit of Spanish construction group FCC , will hold talks with its owners on how to meet its financing needs and has many options open, Chief Executive Arnold Schiefer said.

18 May 2013

Hunt for those at fault for Spain's bank crisis gains pace

MADRID - The arrest of a prominent former Spanish banker is raising hopes among campaigners that the hunt for those responsible for the problems inherited by Bankia and other failed lenders will deliver results.

17 May 2013

Telefonica Mexico chief sees quick move to loosen Slim's grip

MEXICO CITY - Spain's Telefonica expects Mexico's new government to quickly implement new regulations designed to challenge billionaire Carlos Slim's dominance in the local telecommunications market, a top company official said.

Mexico, 16 May 2013

Chief executives and the itch to quit

LONDON - On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds".

France, Germany, Italy, Lifestyle 16 May 2013

EU regulators to investigate Spanish aid for Ford

BRUSSELS - EU antitrust regulators are investigating whether Spain's plan to offer a 25.2 million euros ($32.71 million) grant to Ford Motor Co's plant will give the U.S. carmaker an unfair advantage.

15 May 2013

Spain, Portugal push for full banking union as Germany finds hurdles

BRUSSELS/MADRID - Spain and Portugal called on Monday for the euro zone to complete a banking union as Germany underscored legal hurdles before a central element of the plan to deal with failing banks can be introduced. | Video

Germany, Portugal, 13 May 2013

British Airways owner's losses grow on Iberia hit

LONDON - International Airlines Group reported wider first-quarter operating losses on Friday, as deepening trouble at its Spanish carrier Iberia wiped out progress at British Airways.

Aerospace & Defense 10 May 2013

Spain's Rajoy balks at making deeper reforms

MADRID - After a year of radical reforms that made Spain more competitive but also exacerbated a deep recession, Prime Minister Mariano Rajoy has largely lost his appetite for aggressive and unpopular cuts to pensions or state bureaucracy.

World, 08 May 2013

Russia angry over "stolen" Eurovision votes

BAKU/MOSCOW - Moscow has clashed with the European Union over human rights and with NATO over security. Now another longstanding European institution is causing anger in the Kremlin and tension between Russia and Azerbaijan: the Eurovision Song Contest.