Spain News
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Updated 40 minutes ago
Germans need to re-think whether Bundesbank President Jens Weidmann’s move to lodge a legal challenge against the European Central Bank’s bond-buying program was such a good idea. They don’t have a lot of time.
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Updated 39 minutes ago
Chivas, Mexico’s most popular soccer team, has come from the brink of bankruptcy to become one of the world’s most profitable clubs -- and would fetch top dollar if it’s ever sold, its co-owner said.
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Updated 1 hour, 10 minutes ago
The yen slid to 100 per dollar for the first time in four years, extending losses triggered by the Bank of Japan’s deflation-fighting efforts. U.S. 30-year bonds erased gains while U.S. benchmark stock indexes fell from records.
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German Finance Minister Wolfgang Schaeuble signaled support for an easing of Europe’s austerity drive as he prepared to face pressure from global counterparts to do more to spur growth.
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Updated 36 minutes ago
Investors seeking mortgage bonds outside recession-plagued Europe are heading to Australia, the world’s fastest-growing major developed economy, boosting issuance to the highest in almost two years.
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Spain’s Supreme Court chided Banco Santander SA, Spain’s biggest bank, for abandoning an appeal against a ruling that ordered it to return money to clients who bought preferred shares.
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Updated 48 minutes ago
European stocks closed little changed, as the benchmark Stoxx Europe 600 Index extended its highest level since June 2008.
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Updated 48 minutes ago
Spanish government bonds fell, pushing 10-year yields to the highest level this month, as demand dropped when the nation sold a combined 4.57 billion euros ($5.99 billion) of securities at an auction.
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Spain beat its maximum target at a bond auction in Madrid today and its borrowing costs fell after an interest-rate cut by the European Central Bank fueled a rally in bonds from distressed euro countries.
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Spain beat its maximum target at a bond auction in Madrid today and its borrowing costs fell after an interest-rate cut by the European Central Bank fueled a rally in bonds from distressed euro countries.
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