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Tag: Spain

Spain Banks Might need more Public Funds - Official

Apr 27 2012 10:31:10 Forexbrokerz.com in Market

 News Spanish banks might need more money from govt -Spain's Economy Secretary Latorre He ruled out the chances of using European funds to bail out lenders. The material has been provided by Instaforex Company - instaforex. Read more

Spain Unemployment Rate Rises To 24.44%, Exceeds Forecast

Apr 27 2012 08:01:10 Forexbrokerz.com in Market

Spanish unemployment rate for the first quarter came in above forecast as more people lost jobs in a struggling economy. The unemployment rate rose to 24.44 percent, the highest in the euro area, from 22.85 percent in the fourth quarter of 2011. Economists had forecast a jobless figure of 23. Read more

Spain Inflation Accelerates In April

Apr 27 2012 08:01:10 Forexbrokerz.com in Market

Spain's inflation, as measured by the harmonized index of consumer prices, rose to 2 percent annually in April from 1.8 percent in March, flash estimate released by the statistical office INE showed Friday. Economists were forecasting the rate to remain unchanged at 1.8 percent. Read more

S&P Downgrades Spain On Bank, Budget Concerns

Apr 27 2012 03:31:02 Forexbrokerz.com in Market

Standard and Poor's downgraded Spanish credit ratings by two notches on Thursday saying that it expects further deterioration of the country's public finances amid economic contraction and the need to support banks. Read more

Spain March Producer Price Inflation Slows Slightly

Apr 25 2012 08:01:22 Forexbrokerz.com in Market

Spain's producer price inflation slowed slightly to 3.3 percent annually in March from 3.4 percent in February, the statistical office INE said Wednesday. Meanwhile, monthly growth rose to 0.8 percent from 0.6 percent a month ago. Annual increase in consumer goods prices slowed to 1. Read more

Spain Borrowing Costs Rise Again

Apr 24 2012 10:31:04 Forexbrokerz.com in Market

Spain's borrowing costs continued to increase at a debt sale on Tuesday as the economy returned to recession in the first quarter, worsening investors' concern that the country would seek a bailout. The Spanish Treasury raised EUR 1. Read more

Spain Home Mortgages Fall At Faster Rate

Apr 24 2012 08:31:02 Forexbrokerz.com in Market

The number of housing mortgages in Spain declined at a faster rate in February, data released by the statistical office INE showed Tuesday. The number of housing mortgages dropped 47.1 percent year-on-year. The decline was larger than January's 41.3 percent fall. Read more

Spain Returns To Recession In Q1

Apr 23 2012 11:31:07 Forexbrokerz.com in Market

The Spanish economy slipped back into recession in the first quarter of 2012, fueling concerns that the country may fail to meet the deficit targets, which may force the government to seek an international bailout. Read more

Spain Slips Into Recession In Q1

Apr 23 2012 09:31:15 Forexbrokerz.com in Market

The Spanish economy slipped into a recession in the first quarter of 2012, the Bank of Spain said Monday. Gross domestic product shrank 0.4 percent sequentially, slightly bigger than the 0.3 percent fall seen in the prior quarter. Read more

Spain Debt Auction Successful, Yields Remain Higher

Apr 19 2012 13:31:07 Forexbrokerz.com in Market

Spain saw strong demand for its debt during an auction on Thursday, but borrowing costs continued to rise amid increasing concerns that the country may be forced to seek a bailout. The Spanish Treasury sold EUR 2.54 billion of 2 and 10-year bonds, slightly exceeding the EUR 2. Read more

Spain Debt Attracts Strong Demand, Yields Remain High

Apr 19 2012 11:01:05 Forexbrokerz.com in Market

An auction of Spanish debt drew strong demand on Thursday, but the euro area country's borrowing costs continued to rise. The Treasury sold EUR 2.54 billion of 2- and 10-year bonds, slightly exceeding the EUR 2.50 billion maximum target set for the sale. Read more

Spain Sells 2.5 Bln Euro of Bonds in An Auction

Apr 19 2012 10:01:05 Forexbrokerz.com in Market

News Spain sold 2.54 billion euros of govt bonds in an auction on Thursday The Treasury sold 1.1 billion euros of a bond maturing Oct. 31, 2014 at an average yield of 3.463 pct The bid-to-cover ratio of 3.3, compared to a ratio of 2.0 at the last auction in Oct Spain also sold 1. Read more

"must" Remain Calm on Spain says Bank if Italy Chief

Apr 19 2012 07:31:05 Forexbrokerz.com in Market

News Spain should not be a cause of concern although country is passing through tough times said head of Bank of Italy in a interview He also said that Europe must be well equipped to intervene in Spain if requires On Italian situation he said that of country will be able to ... Read more

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