Madrid Informer

MADRID (Reuters) – Standard and Poor’s Ratings Services affirmed Spain’s sovereign rating on Wednesday, citing its commitment to economic and fiscal adjustments, though warned it risked losing investment grade if euro zone support failed to boost confidence. Full News here – Madrid – Bing News

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MADRID, July 31 (Reuters) – Spain more than doubled its oil imports from Latin America in the first five months of the year and chopped its shipments from Iran, official data showed, as it prepared for a European Union ban on Iranian crude that … Full News here – Madrid – Bing News

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MADRID, July 31 (Reuters) – Capital flight from Spain gathered pace in May with the rescue of one of the country’s biggest banks, and crumbling consumer demand saw retail sales chalk up two straight years of declines in June. Outflows rose to 41 … Full News here – Madrid – Bing News

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MADRID, July 31 (Reuters) – Capital flight from Spain gathered pace in May and the central government deficit rose further above target in June, taking the country two steps closer to the full-scale bailout it is desperate to avoid. Outflows … Full News here – Madrid – Bing News

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MADRID, July 31 (Reuters) – Spain’s second-biggest bank, BBVA, reported first-half net profit a third lower than the same period last year after it set aside capital to compensate for losses on its toxic real estate loans. BBVA, which brings up … Full News here – Madrid – Bing News

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MADRID (Reuters) – Spain will not ask for European funds to buy its debt despite the fact that the country needs its borrowing costs to fall soon, the head of the country’s Treasury said in an interview with Spanish daily Expansion. Inigo … Full News here – Madrid – Bing News

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MADRID (Reuters) – Support for Spanish Prime Minister Mariano Rajoy fell sharply in July after his government announced a new round of deep spending cuts and tax hikes to fight the sovereign debt crisis, an opinion poll showed on Sunday. Full News here – Madrid – Bing News

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He also said Germany appeared to be softening its opposition to giving the ESM a banking licence. Madrid has already accepted a lifeline for its banks while insisting publicly that it does not need a rescue for its state finances. But with its … Full News here – Madrid – Bing News

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MADRID (Reuters) – Spanish banks CaixaBank and Banco Popular insisted on Friday that they didn’t need aid to weather the financial storm after posting first-half results dragged down by hefty real estate losses. Spain, belatedly recognizing the … Full News here – Madrid – Bing News

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LONDON/MADRID (Reuters) – Non-resident investors cut their exposure to Spanish debt further in June, according to Bank of Spain data on Friday, spooked by concerns the country may need a full-scale bailout. A similar pattern has affected … Full News here – Madrid – Bing News

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MADRID (Reuters) – Rodrigo Rato beamed as he rang the opening bell at the Madrid stock exchange one Wednesday last summer. The former chief of the International Monetary Fund raised a glass of champagne to the successful listing of Bankia … Full News here – Madrid – Bing News

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MADRID (Reuters) – Rodrigo Rato beamed as he rang the opening bell at the Madrid stock exchange one Wednesday last summer. The former chief of the International Monetary Fund raised a glass of champagne to the successful listing of Bankia … Full News here – Madrid – Bing News

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MADRID (Reuters) – Rodrigo Rato beamed as he rang the opening bell at the Madrid stock exchange one Wednesday last summer. The former chief of the International Monetary Fund raised a glass of champagne to the successful listing of Bankia … Full News here – Madrid – Bing News

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MADRID/BRUSSELS (Reuters) – Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh doubt on its … Full News here – Madrid – Bing News

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MADRID (Reuters) – Spain’s Economy Minister Luis de Guindos said on Thursday the Treasury would meet debt redemption payments and said that government coffers were in the same liquidity position as last year. “In the medium and long term. Full News here – Madrid – Bing News

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