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Tag: Spain

Spain June Inflation Slows As Estimated

Jul 13 2012 08:01:03 in Market

Spain's harmonized inflation slowed slightly in June as initially estimated, final data from the statistical office INE said Friday. EU harmonized inflation fell to 1.8 percent, in line with flash estimate, but down from 1.9 percent in May. Month-on-month, it fell 0. Read more

Spain Unveils EUR 65 Bln Austerity Package To Meet Deficit Goals

Jul 11 2012 12:31:03 in Market

Spain's Prime Minister Mariano Rajoy announced another round of austerity measures including tax hikes in an attempt to achieve deficit targets amid a severe recession even as thousands of miners protested in the capital against the spending cuts announced earlier. Read more

Spain Unveils New EUR 65 Bln Austerity Package

Jul 11 2012 10:31:03 in Market

Spain's Prime Minister Mariano Rajoy on Wednesday announced tax increases and spending cuts totaling EUR 65 billion. The Value Added Tax was raised to 21 percent from 18 percent. Also he reduced jobless claim benefits and unveiled salary cuts for government employees. Read more

Spain Property Transfers Fall 3.8% In May

Jul 11 2012 10:01:03 in Market

Property transfers in Spain decreased from last year in May, data released by statistical office Ine showed Wednesday. The number of property transfers recorded in the land registries decreased 3.8 percent annually to 141,719 in May. Registered merchantings of property fell 11. Read more

Spain Leading Index Suggests Recession May Worsen In Near-Term

Jul 11 2012 09:01:03 in Market

The Conference Board's leading economic index for Spain declined for a third consecutive month in May while an indicator for current economic activity remained flat, suggesting that the contraction in the Spanish economy may continue or even worsen in the near term. Read more

Australia's Fundamentals Are Strong, Not Like Spain, Says Swan

Jul 11 2012 09:01:03 in Market

The Australian economy is very strong, Treasurer Wayne Swan told CNBC in an interview on Wednesday, rejecting his country's comparison to Spain by an economist. Read more

Eurogroup Gives Spain Extra Time On Deficit; To Discuss Aid Deal With Cyprus

Jul 10 2012 04:01:02 in Market

Eurozone finance ministers on Monday endorsed the European Commission's recommendation to extend the deadline for the correction of the excessive deficit in Spain by one year to 2014. The Eurogroup said it will also negotiate a bailout program with Cyprus in the coming months. Read more

Spain Industrial Production Declines At Slower Pace In May

Jul 06 2012 08:31:03 in Market

Spanish industrial production dropped at a slower pace in May, data released by the statistical office INE revealed Friday. The calendar-adjusted industrial production dropped 6.1 percent year-on-year, following an 8.3 percent fall in April. Economists had expected an 8.1 percent drop. Read more

Spain, France Face Higher 10-year Yields; Ireland Sees Strong Demand

Jul 05 2012 12:01:13 in Market

Spain and France paid more to borrow funds for ten years at separate auctions on Thursday, while Ireland witnessed strong demand for its short-term debt as it entered the market for the first time in nearly two years. Read more

Spain Raises Maximum Target Amount At Bond Auction, 10-year Yield Rises

Jul 05 2012 10:31:07 in Market

Spain raised the maximum amount at a debt auction on Thursday, but the yield on the 10-year benchmark bond increased indicating that markets remain doubtful over the prospects of the currency bloc even after EU leaders struck a crucial deal last week. Read more

Spain Sells 3 Bln Euro in Bonds, Long-Term Costs Advances

Jul 05 2012 10:01:14 in Market

Spain sold 3 billion euros of medium- and long-term debt at the top end of its target The 2022 paper, which sold 747 million euros at an average yield of 6.43 pct, was auctioned for only the fourth time as the Govt concentrated on lower maturities. Read more

Spain to Announce New Measures to Meet the Deficit Target in Few Days

Jul 05 2012 09:31:08 in Market

The Spanish Govt will announce new measures to help it meet its deficit target in a matter of days, Foreign Minister Margallo said Quotes  "Have no doubt that in order to meet the (deficit) target we've set out, and which the markets oblige us to meet ... Read more

Spain Likely to Unveil New Austerity Steps on Second Week of July -Sources

Jul 04 2012 14:01:07 in Market

Spain's Govt is finalizing and giving finishing touches to an up to 30 billion euro package of spending cuts and tax hikes - govt source Spain's Govt is likely to announce the first measures next week of July Spain is set to accept the offer of the European Commission to take an extra year, un... Read more

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