Valencia News
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Spain’s winter-grain crop will be “significantly” lower than projected after rains flooded fields in March, young farmers’ organization Asaja said, citing initial results of wheat and barley harvesting.
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Vossloh AG, the world’s largest maker of rail fasteners, is weighing a sale of its transportation division and has been approached by at least one potential Chinese buyer, people familiar with the matter said.
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Hailstorms in Spain’s main citrus- growing province of Valencia caused “considerable” damage to orange groves and losses for vineyards, farm organization AVA- Asaja reported.
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Budget Minister Cristobal Montoro abandoned a plan to grant struggling regions easier deficit targets for this year following a backlash from the presidents of Madrid and Extremadura.
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Rafael Benitez will coach Napoli for the next two seasons after guiding Chelsea to the Europe League title as interim manager of the English soccer team.
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Lazio beat city rival Roma 1-0 to win soccer’s Italian Cup for the sixth time. Celtic defeated Hibernian 3-0 to secure its record-extending 36th Scottish Cup title and complete a league and cup double.
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Bankia SA, a Spanish lender rescued last year with funds from Europe, agreed to sell its bank in Florida to Chile’s Banco de Credito e Inversiones for $882.8 million.
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Spain’s Sareb, set up last year to acquire 90 billion euros ($116 billion) of soured real estate assets at a discount from rescued lenders, is preparing its first sale, known as ‘Project Bull,’ to test the beleaguered property market’s ability to attract investors.
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The cost of insuring European corporate debt rose from a three-year low as disappointing Chinese manufacturing data triggered concern global economic growth will slow.
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European stocks posted their first weekly loss in more than a month as investors debated when the Federal Reserve will scale back momentary stimulus and Chinese manufacturing unexpectedly shrank.
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