Fabregas says Real foolish if bids 100 mln pounds for Bale

19th June 2013 by MLS Spain

Barcelona midfielder Cesc Fabregas has said that Real Madrid would be 'foolish' to bid 100 million pounds for Tottenham Hotspur winger Gareth Bale. Although the Spanish giants have admitted that they could go as high as that amount to land Bale, however, Fabregas has said that spending 100 million pounds on the Spurs winger would be foolish as he thinks that it is improbable for any club to ...

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3 large asteroids orbit Sun in exactly same time period as Uranus

19th June 2013 by MLS Spain

Astrophysicists from the Complutense University of Madrid have confirmed that Crantor, a large asteroid with a diameter of 70 km, has an orbit similar to that of Uranus and takes the same amount of time to orbit the Sun. Researchers have demonstrated for the first time that this and a further two objects of the group of the Centaurs are co-orbital with Uranus. Uruguayan astronomer Tabare ...

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Spain must pay back incompatible subsidies for digitisation

19th June 2013 by MLS Spain

A Spanish millionaire scheme to finance the digitisation and extension of the terrestrial television network in remote areas of the country is incompatible with EU State aid rules, the European Commission announced on 19 June. According to the Commission, ...

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IMF says hope for Spain

19th June 2013 by MLS Spain

Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the unacceptably high unemployment rate, the IMF warned Wednesday.Spain's economy, still reeling from a 2008 property market crash, fell into a double-dip recession in 2011 and the unemployment rate has soared to more than 27 ...

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REFILE-UPDATE 1-IMF says Spain making progress warns on jobs and banks

19th June 2013 by MLS Spain

Wed Jun 19, 2013 10:15am EDT * Fund says Spain has done well on reforms, economic imbalances easing * Needs to do more on job creation; banks still fragile * Says Europe could help by pressing ahead with banking union By Julien Toyer MADRID, June 19 (Reuters) - Spain has made strong progress in fixing its economy but needs to do more to put millions back to work and shield its fragile banks from ...

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Spanish unemployment worries the IMF

19th June 2013 by MLS Spain

According to a report by IMF, Spanish unemployment needs to be addressed with pro-job policies. On 19 June, James Daniel, the IMF mission chief for Spain welcomed the reforms made by the Spanish government for stabilising its economy, saying that the country will start growing again at the end of this year. However Daniel stressed that the Spanish unemployment rate is "unacceptably high ...

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Rajoy says to trim Spains bureaucracy but coy on jobs savings

19th June 2013 by MLS Spain

MADRID (Reuters) - Spain will cut red tape and shut down redundant institutions in an overhaul of state bureaucracy, Prime Minister Mariano Rajoy said on Wednesday, putting no figure on potential savings or job ...

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The International Monetary Fund wants another labour reform from Spain

19th June 2013 by MLS Spain

The International Monetary Fund has said that recession-wracked Spain is making progress but is urging policymakers both within the country and in Europe to take 'urgent action' to slash the country's crippling 27 percent unemployment rate. The IMF report released today following their consultation visit to Spain praised the country's reforms for stabilising the economy, ...

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The prosecutor has put all the blame for the Prestige oil tanker disaster on the captain

19th June 2013 by MLS Spain

The prosecutor has put all the blame on the Capitan of the 'Prestige' oil tanker which split in half at sea, spewing thick oil over the Galician coast and beyond on November 19 2002. It was the worst environmental disaster that Spain has ever seen. The macro case in A Corua has already lasted seven years, and now the prosecutor has come down on the captain who has been in ...

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Spanish workers in Gibraltar protest against pension conditions

19th June 2013 by MLS Spain

The associations representing Spanish workers in Gibraltar staged a protest on 12 June campaigning for better pensions and social security benefits. Spanish workers in Gibraltar want the Spanish Government to change the law so that they get a similar pension benefit to what any other Spanish worker gets, when having worked all their life in Spain. They want benefits derived from their ...

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Italian and Spanish Alpha League Table 2008 published

19th June 2013 by MLS Spain

EDHEC Risk and Management Research Centre (EDHEC) and EuroPerformance fund analysis company have released the Alpha League Table, their 2008 rankings of the top Italian and Spanish asset management companies. The ranking system is based on a measure of alpha intensity, a performance measure that has been adjusted for the risks actually taken, for all active equity management in the ...

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ID number typo sees Infanta Cristina linked with sale of 13 Costa Blanca properties

19th June 2013 by MLS Spain

ACCUSATIONS against the King's youngest daughter, the Infanta Cristina, based upon the sale of 13 undeclared properties on the Costa Blanca and in Catalunya have turned out to be ...

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Reina Spain united despite issues

19th June 2013 by MLS Spain

Pepe Reina says that the continuing individual problems between Iker Casillas and Alvaro Arbeloa are not distracting the Spain squad from their collective goals at the Confederations ...

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King Juan Carlos indicates he wants to get more interested in life in Spain

19th June 2013 by MLS Spain

King Juan Carlos has lunched with the permanent commission of the State Council for the first time in 38 years. Still recovering from his hernia operation, the monarch indicated he wanted to attend the lunch which he himself had arranged. Perhaps following recent criticism of the monarchy, the King has announced his intention to be more implicated in such meetings with social groups, ...

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Spanish economy gets boost from drop in trade deficit

19th June 2013 by MLS Spain

MADRID: Spain's trade deficit was halved in April as exports soared, especially to China and other fast-growing emerging markets, the government said Wednesday, a rare glimmer of good news for a nation struggling in a double-dip recession. Spain, with the eurozone's fourth-biggest economy, posted a deficit of 1.642 billion euros ($2.196 billion) in April compared to a deficit of 3.355 ...

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UPDATE 2-Austrias Alpine Bau goes bust Spains FCC takes hit

19th June 2013 by MLS Spain

Wed Jun 19, 2013 7:59am EDT * Alpine Bau files for insolvency, to get administrator * Parent FCC to take 289 million euro hit * Thousands of jobs at risk * FCC shares fall 5.9 pct (Combines stories, adds work council head, market reaction) By Michael Shields and Jose Elas Rodrguez VIENNA/MADRID, June 19 (Reuters) - Alpine Bau GmbH, Austria's second-biggest construction firm, filed for ...

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Under-21 star Alvaro Morata set for Madrid stay

19th June 2013 by MLS Spain

Thiago Alcantara stole the show for Spain with a first half hat-trick, leading his side to a 4-2 win over Italy for the European Under-21 ...

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Spain win Under-21 European Championship as Thiago Alcantara inspires them to glory against Italy

19th June 2013 by MLS Spain

Thiago Alcantara inspired Spain Under-21s to European Championship glory, with the reported Manchester United target hitting a hat-trick as Italy were defeated in ...

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Research and Markets Spain Exploration and Production Market Analysis and Outlook to 2020

19th June 2013 by MLS Spain

"Spain Exploration and Production (Upstream) Market Analysis and Outlook to 2020 - Drivers, Challenges, Fields, Blocks, Supply- demand and competitive landscape" report to their offering. Spain oil and gas Exploration and Production industry research work from OGAnalysis is a compulsory report for all analysts involved in the sector. It provides all the key trends and analyzes ...

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All the Infanta scandal over recent days comes down to a mistaken DNI number

19th June 2013 by MLS Spain

After all the confusion over the Hacienda claims that the Infanta Cristina had sold land and fincas worth 1.43 million EUR, and after the Hacienda sent that information to the investigating judge, now we known the truth of what happened. After three days of silence Hacienda has now explained that there was an error, but they added that there was so much documentation sent to the judge it ...

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Chief Minister writes to Sr Cristobal Montoro on Spanish Tax Evasion

19th June 2013 by MLS Spain

The Chief Minister, Fabian Picardo, has written to Sr Cristobal Montoro, the Spanish Minister for Hacienda, challenging him to work with the Government of Gibraltar to ensure that there is no Spanish tax evasion money in ...

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Olazabal Wins Spains Most Prestigious Sports Award

19th June 2013 by MLS Spain

MADRID ...

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Phenomenal Spain leave press purring

19th June 2013 by MLS Spain

From lavish praise for "phenomenal" Spain to Italy's honest assessment, UEFA.com has the press reaction from both nations to the UEFA European U21 Championship ...

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Spanish digital TV operators must pay back 260 million euros - EU

19th June 2013 by MLS Spain

BRUSSELS (Reuters) - Spanish television operators must pay back the 260 million euros (223 million pounds) they received to roll out digital TV in rural parts of Spain after the European Commission ruled this amounted to illegal subsidies. The Commission said on Wednesday that money given by Spanish authorities from 2005 to 2008 to companies offering digital terrestrial television (DTT), which ...

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IMF Spains Hard Won Solvency Needs Protection

19th June 2013 by MLS Spain

"Proactive vigilance" is needed to safeguard the "hard won" solvency of Spain's banking system, and Europe needs to do more to ease Spain's financial woes, the International Monetary Fund has warned. In the fund's concluding statement from its most recent visit to Spain, the IMF said decisive action had been taken to clean up the country's banks, but it has ...

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300 Years of the Treaty of Utrecht Stamps

19th June 2013 by MLS Spain

Her Majesty's Government of Gibraltar and the Gibraltar Philatelic Bureau are issuing two stamps to commemorate the 300th Anniversary of the Treaty of Utrecht 1713-2013 on the 20th June ...

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IMF sees Spain banks non performing loans increasing further

19th June 2013 by MLS Spain

MADRID, June 19 | Wed Jun 19, 2013 6:16am EDT MADRID, June 19 (Reuters) - Non performing loans at Spanish banks are set to increase further in the coming months as a difficult economic outlook weighs on the capacity of households and companies to repay debts, the International Monetary Fund said on Wednesday. "NPLs typically are lagging indicators. I wouldn't be surprised if they ...

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IMF says Spain recession may end soon

19th June 2013 by MLS Spain

IndiGo ruled the Indian skies in May, flying almost a third (29.5%) of domestic passengers, while Jet and JetLite together were at No 2, flying 22.5% of the total ...

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Cavani keen on Madrid

19th June 2013 by MLS Spain

Edinson Cavani would turn down a move to the Barclays Premier League this summer in favour of joining Real Madrid, the Napoli striker's father has revealed.The 26-year-old is one of a number of attacking options Madrid are weighing up in the wake of Gonzalo Higuain's departure, while Chelsea and Manchester City are also believed to be keen to secure his services."Cavani's ...

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IMF calls for urgent steps on Spain unemployment

19th June 2013 by MLS Spain

MADRID -; The International Monetary Fund says recession-wracked Spain is making progress but is urging policymakers both within the country and in Europe to take "urgent action" to slash the country's crippling 27 percent unemployment ...

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IMF gives Spain a thumbs up warns of risks

19th June 2013 by MLS Spain

By Julien ToyerMADRID (Reuters) - Spain has made strong progress on fixing its economy, the International Monetary Fund said on Wednesday, although it warned more steps were needed to tackle a difficult outlook.In the concluding statement of its annual assessment of the Spanish economy, the IMF urged the government and European authorities to boost job creation in the country while going further ...

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Pique advises Thiago to stay at Barcelona

19th June 2013 by MLS Spain

Barcelona defender Gerard Pique has urged Thiago Alcantara to stay at the club despite reported interest from Manchester United. The 22-year-old made just 15 starts for Barcelona in last season's La Liga campaign, with the midfielder battling the likes of Xavi and Andres Iniesta for a first-team place. The Italian-born player has always been highly rated and he proved his credentials with a ...

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Real Madrid seeks to lift their 31st League before their fans

19th June 2013 by MLS Spain

It's one or the other. There's no getting around it. Tonight a crowded Palacio de los Deportes will host the last of five battles for the league title. Real Madrid and Barcelona have brought the series to 2-2 and will be making one final intense push to achieve their goal. From what we have seen so far, equality and refereeing controversies included, the fact is that the result remains ...

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Football transfer rumours Barcelona to sign Juan Mata

19th June 2013 by MLS Spain

are planning a 30m swoop. They're already "making overtures" to Mata's father.Once Mata is safely ensconced inside Camp Nou, Barcelona will move quickly to ...

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Spanish Papers Review - Wednesday June 19 2013

19th June 2013 by MLS Spain

#minMax {min-width:700px; max-width:1200px; margin:0 auto; background:#e0e0e0;} #header {background:#fff;} #outer1 {float:left; width:15%; background:#FFF;} #outer3 {float:left; width:51%;} #outer5 {float:right; width:34%; background:#FFF;} #outer1, #outer2, #outer3, #outer4, #outer5 {padding-bottom:32767px; margin-bottom:-32767px;} #wrapper {overflow:hidden;} #topbar {width:85%; ...

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The AVE high speed train carried 5200 passengers on the first day of service on the line between Madrid and Alicante.

19th June 2013 by MLS Spain

Renfe Spanish railways have already some 31,000 tickets for travel between Alicante and Madrid buoyed by the las Hogueras festival in Madrid. The number is 25% higher than the same week last ...

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Easyjet orders 135 new planes but founder Stelios is angry

19th June 2013 by MLS Spain

EasyJet has made a massive order for 135 new planes to renovate their fleet. By doing so the papers are saying they are risking incurring the wrath of the Easyjet founder, Sir Stelios Haji-Ioannou. Indeed the Telegraph reports this morning that the Easyjet founder is to attempt to block the new order. He has a 37% stake in the airline and has accused Easyjet of doing deal with secret ...

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Spains first British Mayor

18th June 2013 by MLS Spain

A student who emigrated from Britain to Spain as a teengager has now been made mayor in her local village of Villaquejida in the province of Len. She becomes the first British-born person to become Mayor of a Spanish town or village. She was elected as councillor in the Union of the People in Len party in 2011 and has now gone on to be Mayor after a power-sharing deal with coalition ...

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Spain Business Brief - Tuesday June 18 2013

18th June 2013 by MLS Spain

#minMax {min-width:700px; max-width:1200px; margin:0 auto; background:#e0e0e0;} #header {background:#fff;} #outer1 {float:left; width:15%; background:#FFF;} #outer3 {float:left; width:51%;} #outer5 {float:right; width:34%; background:#FFF;} #outer1, #outer2, #outer3, #outer4, #outer5 {padding-bottom:32767px; margin-bottom:-32767px;} #wrapper {overflow:hidden;} #topbar {width:85%; ...

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Spain trip helps SLU get ready for soccer season

18th June 2013 by MLS Spain

The rain could not stop the opening of the 95th season of the Muny, which debuted 'Spamalot.' and included a surprise appearance by Eric ...

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BBC gives Spains instrumental national anthem lyrics

18th June 2013 by MLS Spain

, or 'Royal March', is instrumental, but when the British Broadcasting Corporation televised the opening ceremony of Spain's first Cup match they gave it lyrics with subtitles in ...

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In majority-Latino Cornelius its Indian Bollywood not Spanish-language films drawing crowds

18th June 2013 by MLS Spain

June 17--In Cornelius, the city of 12,000 with a majority Latino population, people come from all over the Portland metro area to watch Indian films. On the surface, the trend is surprising. According to the 2010 census, only 2.2 percent of Cornelius' population is Asian, and it is unclear how much of that is Indian. But at Cornelius Cinemas, Bollywood is among the highest rated categories ...

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Tehau dreams of Barcelona after landmark goal

18th June 2013 by MLS Spain

/enpproperty--> Despite a 6-1 defeat to Nigeria, Tahiti celebrates lone score Jonathan Tehau struggled to articulate his joy after becoming the first player to score for Tahiti at a high-profile international tournament in his side's 6-1 loss to Nigeria at the Confederations Cup. Ranked 138th in the world, Tahiti are making their first appearance in a competition of this level and ...

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Spain retains UEFA Under-21 crown

18th June 2013 by MLS Spain

Spain won the 2013 UEFA U-21 soccer championship over Italy with a score of 4-2 on Tuesday evening at the Teddy Stadium in Jerusalem.Spanish captain Thiago Alcantara hit a hat-trick in the first half which ended 3-1 in Spain's favor.After the restart, Spain proceeded their attack and scored through Isco's penalty kick in the 66th minute. In the 80th minute, Fabio Borini pulled one back ...

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Spain tops Italy for Euro Under-21 championship

18th June 2013 by MLS Spain

Alex Grimm/Getty Images JERUSALEM -- Thiago Alcantara scored a first-half hat trick as Spain turned on the style to beat Italy 4-2 on Tuesday and win the European Under-21 championship for a second consecutive time. Italy started as the brighter side at Jerusalem's Teddy Stadium but the Spanish players, captained by Thiago, soon gained control and took the lead after just six ...

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Platini Praises Israel as Spain Take Spoils Once Again

18th June 2013 by MLS Spain

JERUSALEM ...

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Ramos relishing challenge of facing Spain in U-20 World Cup

18th June 2013 by MLS Spain

Spain's recent success at various international levels is no secret. The senior squad holds the two most recent European championship crowns and is the defending World Cup champion. Tuesday, Spain repeated as European Under-21 champion. The nation's U-20 national team enters the upcoming FIFA U-20 World Cup in Turkey as one of the favorites to be the last team standing.None of that ...

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The Impossible Lands Spanish Award for Top Grossing Film Abroad

18th June 2013 by MLS Spain

, a co-production between Spain's Telecinco Cinema and Apaches Entertainment, was the highest-grossing film outside Spain in 2012, taking €89 million ($119 million) in its international box office to date. Spain saw overall film export sales rise to €150.5 million ($201 million) in 2012 with 25 million ...

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4-2 Morata Nacho and Carvajal European Under-21 champions with Spain

18th June 2013 by MLS Spain

Spain won its second European Under-21 for the second year running in Israel after outperforming Italy in the final by 4-2. The national squad led by Julen Lopetegui played a brilliant tournament, racking up five wins in five games; Real players Morata, Nacho and Carvajal all participated in the competition. The forward, with four goals the competition’s top scorer, started in the decisive ...

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Defending champ David Ferrer falls to Malisse in Netherlands upset

18th June 2013 by MLS Spain

Xavier Malisse in an upset. Ferrer, ranked fourth in the world, tumbled to the Belgian grass court specialist 7-6 (7-3), 6-3 in the opening round at Autotron Rosmalen. The Spaniard was seeking to repeat in the Netherlands after downing German Philipp Petzschner in last year's finale. Malisse, meanwhile, notched just his 16th win 57 all-time matches against Top 10 players. Elsewhere ...

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Real Madrid offer €155m deal to keep Ronaldo

18th June 2013 by MLS Spain

Madrid are in advanced talks with Ronaldo's representatives over a deal totalling around EUR155 million over five years, with the Portuguese forward set to earn EUR15m annually after tax in what will be the most lucrative contract in the history of the game. Ronaldo, who has scored 201 goals in just 199 games in his four seasons at the Santiago Bernabeu, raised alarm bells on Thursday when ...

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Thiago Alcantara hails perfect Spain

18th June 2013 by MLS Spain

Thiago Alcantara stole the show for Spain with a first half hat-trick, leading his side to a 4-2 win over Italy for the European Under-21 ...

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The money mattress A Spanish invention stores cash in beds

18th June 2013 by MLS Spain

My Mattress Safe (AP) For Spanish businessman Paco Santos, the safest place to keep money is still under a mattress--or rather, inside of it. Santos, according ...

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Spain celebrate anniversary of Euro 2012 win early by cruelly making Italian footballers cry again

18th June 2013 by MLS Spain

Leonardo Bonucci in 2012 (left) and Lorenzo Insigne in 2013. (Getty) Spain's reign of trophy plundering terror continued by beating Italy in the European U-21 Championship final to defend their title. The latest addition to Spain's silverware stockpile comes almost two weeks shy of the one-year anniversary of the Spain senior team's 4-0 win against Italy in the Euro 2012 final. ...

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As Spains people drift from Catholic Church government cozies up

18th June 2013 by MLS Spain

Spain's conservative government is considering dramatic restrictions on abortion and has already increase the Catholic Church's role in education, revealing a divided ...

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Thiago Hat-Trick Leads Spain to Euro Under-21 Crown

18th June 2013 by MLS Spain

JERUSALEM ...

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Spanish royal tax fraud case founders on mistaken identity

18th June 2013 by MLS Spain

MADRID (Reuters) - A fraud investigation of Spain's Princess Cristina was thrown into disarray on Tuesday when the Tax Agency said it had been mistaken in reporting she had been the seller of 1.4 million euros ($1.87 million) worth of ...

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Confederations Cup How many goals will Spain score against tiny Tahiti

18th June 2013 by MLS Spain

Spain's national soccer team players run during a training session ahead of the Confederations Cup tournament, in Rio de Janeiro June 17, 2013. (SERGIO ...

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Thiago hat-trick sees Spain retain U-21 title

18th June 2013 by MLS Spain

Italy - leading 2-1 after this victory that handed them a fourth title - took less than seven minutes to open the scoring with a nicely worked goal. Isco, a target for Manchester City and Real Madrid, played a neat exchange of passes with Real Madrid youngster Alvaro Morata.Morata, scorer of three goals in the tournament, got to the byline on the left side of the box and put in the perfect cross ...

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Italy U21 2-4 Spain U21 Thiago treble

18th June 2013 by MLS Spain

Thiago Alcantara inspired Spain Under-21s to European Championship glory, with the reported Manchester United target hitting a hat-trick as Italy were defeated in Jerusalem.The 22-year-old Barcelona midfielder has been regularly linked with a move to Old Trafford and saw his considerable stock rise further as Spain stylishly disposed of the country of his birth.Alcantara, part of the Spain side ...

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Spanish Consulate rejects claims of Spanish blood in a Puerto Rican woman

18th June 2013 by MLS Spain

LOS ANGELES, June 18, 2013 /PRNewswire-iReach/ -- On November 2012, Spain announced the descendants of the Sephardim could get their Spanish citizenship back after more than 500 years away from Spain. Puerto Ricans on the other hand are being left out of the loop, but one woman is challenging that. ...

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Spain Garners a Bull Call

18th June 2013 by MLS Spain

It was just over a year ago that yields on Spanish 10-year sovereign bonds surged over 7.6 percent. Investors fretted that the "S" in the infamous PIIGS acronym was headed for collapse and a subsequent epic bailout. Spain, the eurozone's fourth-largest economy, offered little in the way of bullish investment themes, that is unless one enjoys crippled banks and the region's ...

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Spain close on Italy in all-time Under-21 rankings

18th June 2013 by MLS Spain

Spain's 4-2 triumph in Israel, their fourth UEFA European Under-21 Championship title, took them within one of opponents Italy's record haul of ...

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Morata wins Golden Boot in Spanish clean sweep

18th June 2013 by MLS Spain

lvaro Morata is the adidas Golden Boot award winner after finishing the finals with four goals and leading a Spanish one-two-three at the top of the scoring ...

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Thiago treble helps Spain retain Under-21 crown

18th June 2013 by MLS Spain

Italy 2-4 SpainCaptain Thiago Alcntara's first-half hat-trick propelled Spain to their fourth UEFA European Under-21 Championship title and second in a ...

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Alcantara hat trick leads Spain to Euro Under-21 crown

18th June 2013 by MLS Spain

Spain's Thiago Alcantara celebrates after he scored a goal against Italy during their European Under-21 Championship final soccer match at Teddy Kollek Stadium in Jerusalem June 18, 2013. (BAZ ...

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UPDATE 1-Spains Bami latest property firm to file for insolvency

18th June 2013 by MLS Spain

Tue Jun 18, 2013 2:25pm EDT MADRID, June 18 (Reuters) - Spanish property developer Bami has filed to begin insolvency proceedings, a company spokesman said on Tuesday, the latest in a series of real estate groups and other firms in the recession-hit country to struggle to refinance their debts. Dozens of property firms have collapsed in Spain, where house prices have fallen 40 percent from their ...

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Baffled Liverpool to tell Suarez to stop Madrid pronouncements and make transfer request

18th June 2013 by MLS Spain

London, June 18 : Fed up with their controversial striker Luis Suarez's almost daily public pronouncements on his future, Liverpool is reportedly set to lay down the law and demand that Suarez put in an official transfer request if he remains determined to leave for Real ...

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iShares Reasons to Consider Spanish Stocks

18th June 2013 by MLS Spain

weekly commentary pieces, I've recently upgraded my view of Spanish stocks to neutral from underweight. While Spain continues to face severe growth headwinds, there are three main reasons why I'm less concerned about the market now: 1.) Improving Profitability. Following the completion of the Spanish government's mandated cleanup of the country's real estate sector and banks, ...

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The Spanish question how many goals vs Tahiti

18th June 2013 by MLS Spain

RIO DE JANEIRO -- There's one big question hanging over Spain's team at the Confederations Cup: how many goals will the World Cup champions score in their upcoming match against tiny Tahiti, the representative for Oceania.African champions Nigeria defeated the South Pacific islanders 6-1 in their opening game, and missed at least half a dozen easy chances.Spain is expected to make a few ...

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Spanish floods force evacuations cut power after heavy rain and melting snow swell rivers

18th June 2013 by MLS Spain

MADRID - Days of torrential rain and melting snow have caused flooding in the Pyrenees region of northeastern Spain, forcing the evacuation of around 500 people and knocking out power. Officials in the Catalonia region said Tuesday that three mountain rivers have burst their banks and flooded streets, homes and farmland in the area. The flooding left some 4,000 people without power and forced ...

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Hockey NZ know Spanish danger

18th June 2013 by MLS Spain

A couple of warmup games en route to the World League hockey semifinal tournament have suddenly assumed more significance for the New Zealand men ahead of their next game in Rotterdam. The Black Sticks played world No7 Spain twice on their way to the event, losing 3-1 and 4-1 but picking up valuable experience against a nation they haven't faced much of late. Just as well, as the ...

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Spains credit squeeze thwarts cos export plans

18th June 2013 by MLS Spain

Big spenders are expectedly pampered, with credit card issuers and merchant outlets showering them with discounts. Now, ICICI and Axis Bank have expanded their offerings to cover savers as ...

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Over 70 Bankia preferential share customers qualify for a refund - so far

18th June 2013 by MLS Spain

A TOTAL of 73 customers who lost their life's savings through preferential share purchases via the entities now swallowed up by Bankia will get their money back immediately, says the National Consumer Arbitration ...

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Spains debt costs bad loans rise as minister signals turnaround

18th June 2013 by MLS Spain

By Paul Day and Andrs GonzlezMADRID/SANTANDER (Reuters) - Spain's short-term debt costs rose on Tuesday and data showed higher bad loan rates in the banking sector, casting doubt on the government's assertion that the worst of the economic crisis had passed.Lenders' non-performing loans rose for the second month running in April, to 10.9 percent of the credit they have granted, ...

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90-year-old Spanish club wound up

18th June 2013 by MLS Spain

Assets pertaining to the club such as their 17,000 capacity Helmantico stadium are now due to be sold off at an auction arranged for this ...

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Spain is emerging from recession says minister

18th June 2013 by MLS Spain

The rush will extend across profiles. Outsiders will want to be part of the changes that Murthy will bring in; and this will not happen if they are working for competition," says Aditya Mishra, Randstad ...

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Spain sells 5 bln euros treasury bonds

18th June 2013 by MLS Spain

The Spanish treasury has successfully placed on Tuesday 5.04 billion euros ($6.74 billion) of treasury bonds on the market, exceeding expectations of between 4 and 5 billion euros, although paying the highest interest rates since February.The auction experienced a high demand of 12.46 billion euros although it was lower than that of May when the Spanish treasury also sold treasury bonds of 6 and ...

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Spanish banks face up to 10 billion euros in extra provisions - Economy Minister

18th June 2013 by MLS Spain

SANTANDER, Spain (Reuters) - Spain's Economy Minister Luis de Guindos said on Tuesday that Spanish banks would face extra provisions against loan losses of up to 10 billion euros (8.53 billion pounds) over the next two years to meet new rules on loan refinancings. The provisions would leave banks with a capital shortfall of about 2 billion euros, based on estimates from the Bank of Spain, ...

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Spains Shameless Secret Revealed

18th June 2013 by MLS Spain

Get ready to compose yourself. Spaniards should stop reading here for their shameful secret is out. Spain inspires non-Spaniards to get their plectrums out and to do even better than the homegrown talent. They do say imitation is the sincerest form of ...

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30000 university students are on the edge of being expelled for not paying their fees.

18th June 2013 by MLS Spain

It's a particularly difficult time for students with cuts in grants being made and with the cost of university education going ...

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Sports Arsenal are favourites to sign Real Madrid striker Gonzalo

18th June 2013 by MLS Spain

The Italian champions have been in negotiations with Real over a deal for Higuain but are so far refusing to increase their bid of ?18.7million for the 25-year-old. Real are understood to be demanding at least ?25.5m and although president Florentino Perez was quoted last week claiming that Juve?s offer would be insufficient, sources remain adamant a deal could be done at around that price. The ...

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Families occupy unfinished homes in Spain

18th June 2013 by MLS Spain

The washbasin in Juana Alonso's bathroom is brand new, but no water comes out of the tap. No bulbs hang from the light fittings. The house is unfinished; no one was meant to be moving in -- but Juana couldn't wait. Along with dozens of neighbours, desperate victims of Spain's recession brought ...

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A luxury yacht has broken the underwater telephone cable with which Formentera communicates.

18th June 2013 by MLS Spain

A luxury yacht has broken the underwater telephone cable with which Formentera communicates. The yacht was said to be of grand dimensions and it's keel sliced through a fibre-optic cable plunging 2,600 internet connection into darkness. Telefonica has established emergency radio-link coverage with the authorities, and the data route should be back again in 48 ...

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Spains nationalised lenders drawing buyer interest - Econ Min

18th June 2013 by MLS Spain

SANTANDER, Spain June 18 | Tue Jun 18, 2013 5:48am EDT SANTANDER, Spain June 18 (Reuters) - Spain's Economy Minister Luis de Guindos said on Tuesday that some of the country's nationalised lenders, taken over in the wake of a property crash, were beginning to attract interest from potential buyers. Along with the country's biggest state-owned bank, Bankia , Spain's ...

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Spain beats target at bill auction yields jump

18th June 2013 by MLS Spain

MADRID (Reuters) - Spain beat the top end of its targeted amount at a short-term debt auction on Tuesday, though financing costs jumped from previous record lows on investor concerns over global liquidity.The Treasury sold 5.04 billion euros ($6.73 billion) of 6- and 12-month bills compared to target range of 4 billion to 5 billion euros.The 6-month bill sold 1.09 billion euros at an average ...

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Liverpools Luis Suarez still dreams of playing for Real Madrid

18th June 2013 by MLS Spain

the striker once again spoke of his desire to play for the Spanish Primera Liga giants . "I will give my soul every time I step on the pitch," Suarez ...

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Spain Meets Upper Goal at Bill Sale Borrowing Costs Rise

18th June 2013 by MLS Spain

Spain met its upper goal at a bill sale even as its borrowing costs rose ahead of the start of the U.S. Federal Reserve's two-day meeting to review monetary policy. The Madrid-based Treasury sold 5.04 billion euros ($6.74 billion) of bills, compared with an upper target of 5 billion euros. It sold six-month bills at an average 0.821 percent today, up from 0.492 percent on May 14. It ...

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