Posts Tagged ‘spanish banks’

Stocks bounce back in Europe, Asia and the US

Jerimiah Yap – Fourth Estate Cooperative Writer London, United Kingdom (4E) – WIth the way the stock market bounced back the past two days, it seems Europe is on its way to recovery. For the second consecutive day, European stocks gained and companies posted earnings. The Stoxx Europe 600 Index climbed to 0.4 percent from […]

Spain’s 10-year bond yields reach above 7 percent

Nathan Andrada – Fourth Estate Cooperative Contributor Madrid, Spain (4E) – After going up as high as 7.108 per cent, Spain’s 10-year government bond yield finished Monday at 7.06 per cent. The rise to the 7 per cent level is regarded as unsustainable by many economists and this comes ahead of a summit by eurozone […]

European Commission proposes direct bailouts of eurozone banks

Concerns over the health of Spanish banks has prompted the European Commission to propose using money set aside to help governments to instead bail out faltering banks directly. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Qatar pledges $4bn to Spanish banks

Qatar is planning to invest $4.14 billion in Spanish savings banks as the industry gears up to raise funds to meet new capital rules. View full post on Banking Stories

Standard & Poor’s warns Belgium of lower credit rating

Vittorio Hernandez – AHN News Brussels, Belgium (AHN) – The eurozone debt crisis is spreading and may soon hit Belgium because of the failure of Brussels political leaders to form a government. The development led rating agency Standard & Poor’s to warn Belgium Tuesday that it could lower the country’s credit rating to negative from […]

Spain’s Zapatero Pledges Financial Austerity

Spanish leader says Spanish banks required to ease debt fears by revealing more information about their finances View full post on Business Stories