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Tag: Spain

Research: Market Anxiety About Spain Has flared up Again

May 04 2012 11:31:04 in Market

Quotes from Barclays Capital: -Market anxiety about Spain has flared up again. Read more

Research: Spain Appears Fundamentally Solvent

May 04 2012 11:31:03 in Market

Quotes from Barclays Capital: -Even under the worse-than-expected fiscal cost of recapitalising troubled banks, Spain appears fundamentally solvent. Read more

Spain Services Pmi Contracts for the 10th Month in a Row in April, down to 42.1 in April from March

May 04 2012 08:31:06 in Market

Markit's services PMI fell to 42.1 in April from 46.3 in March,contracted for the 10th month in a row in April New business shrank at a faster pace in April and hit its lowest level since Nov 2011. Business expectations were also down to 59.7 in April from 60. Read more

Spain April Jobless down by 0.14 Pct M/m

May 04 2012 08:01:12 in Market

Spain's jobless rate fell by 0.14 pct in April from March leaving 4.74 million people out of work, Labour Ministry showed On a Sea/adj basis the number of people out of work rose by 70,661 to stand at 4.63 million in April The material has been provided by Instaforex Company - instaforex. Read more

Dbrs Downgrades Spain Sovereign Rating by a Notch

May 03 2012 17:01:13 in Market

DBRS cut Spain's sovereign rating to "A (high)" from "AA (low)" on Thursday as economy struggles with its debt load. DBRS said Spain's "significant rise" in the debt ratio and difficulties to address budget concerns are the main reason for downgrade . Read more

Draghi Admire Reform Efforts Taken by Spain, Italy

May 03 2012 14:31:09 in Market

ECB's Draghi on Thursday praised the efforts made by Spain and Italy to reform its economy and said both have made significant progress He said "I would say the government of Spain has made a very significant effort in policy reform. It's a series of reforms that ... Read more

Spain Feb. Current Account Gap Widens

Apr 30 2012 12:01:05 in Market

Spain's current account deficit widened to EUR 5.88 billion in February from EUR 5.29 billion a year ago, the Bank of Spain said Monday. The balance of trade in goods showed a shortfall of EUR 3 billion compared to a EUR 2.7 billion deficit in the previous year. Read more

Spain C/a Deficit up Marginally to 5.9 Bln Euros in Feb on Energy Imports

Apr 30 2012 09:31:05 in Market

News Spain's C/A deficit stood at 5.9 bln euros in Feb, up from a deficit of 5.3 bln in year ago period The trade deficit stood at 3 bln euros , up from 2.7 bln euros a year earlier. The material has been provided by Instaforex Company - instaforex. Read more

Spain Returns To Recession In Q1

Apr 30 2012 09:31:04 in Market

The Spanish economy slipped back into recession in the first quarter of 2012, making the government's job of meeting the deficit targets even tougher amid the public anger against the deepening austerity and record-high unemployment. Gross domestic product contracted 0. Read more

Spain Q1 Gdp slips 0.3 Pct Q/q, Better Than Forecast-Ine

Apr 30 2012 08:01:04 in Market

News Spain's GDP slipped 0.3 pct in Q1 of 2012 , beating the forecast drop of 0.4 pct -National Statistics Institute The economy contracted by 0.4 pct y/y, down from growth of 0.3 pct in the previous quarter, and better than estimates. Read more

Spain Returns To Recession, Q1 GDP Shrinks 0.3%

Apr 30 2012 08:01:03 in Market

The Spanish economy returned to recession in the first quarter of 2012 as estimated by the Bank of Spain, but the rate of contraction in activity was slightly weaker than thought. The statistical office Ine said Monday that the gross domestic product contracted 0. Read more

Spain to Increase Vat Rate, Indirect Taxes in 2013

Apr 27 2012 14:31:03 in Market

News Spain to hike VAT and other indirect taxes in 2013 to raise about 8 billion euros -Economy Minister   Quotes "Not only it will be the VAT, there are other possibilities, special taxes. Read more

S&p : Spain Banks Might need Govt Aid, Further Rating Likely if Crisis Escalate

Apr 27 2012 12:31:13 in Market

News Spanish banks might need financial support from the state, Spain will face further downgrade if crisis mounts - S&P's Kraemer told Reuters Insider TV Kraemer said Spain's banks could become a burden on the state if the country's deterioration continued. Read more

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