Firms Spain Latest Information

Firms Spain Latest Information

Rating firms rattle European finances
MADRID, May 18 (UPI) -- The cost of government borrowing in Spain soared after a major credit rating firm, Moody's, cut ratings on 16 Spanish banks, statistics show.

Gold hits 4-month low as dollar firms, stocks slide
LONDON (Reuters) - Gold prices fell to four-month lows on Friday as worries over the financial health of Greece and Spain and huge trading losses for JPMorgan hurt stock markets and the euro, prompting investors to seek refuge in the dollar. Investors liquidated gold holdings to cover losses on other markets, analysts said, as a rise in risk aversion sparked selling across assets seen as higher ...

PRECIOUS-Gold hits 4-month low as dollar firms, stocks slide
* Gold set for worst weekly decline since mid-December * Silver, platinum also slide; palladium hits 5-month low * Euro, stocks fall in Europe as risk aversion surges (Updates prices, adds comment) By ...

Does Spain deserve its financial battering?
The country, which is in its fifth year of recession, has recently proved ungovernable and has a debt it can probably never repay despite bailouts, may find itself forced to default and reissue its own currency.

As European Bank Run Threatens, Fitch Says Global Firms Need Another $566B
Fears of a run on European banks have reached a new pitch this week, with reports that depositors in Greece and perhaps Spain are taking their cash out of financial institutions, and a new report from Fitch Ratings paints a bleak picture for the banking system globally.

High funding costs threaten Spain's robust exports
Spain's small and medium-sized exporters are struggling to compete with European rivals due to high borrowing costs, as fallout from the country's banking crisis hurts one of the few bright spots in a ...

Spain news
Fill in the following fields to send this information to others. Fill in all fields with details. Deputy Prime Minister Soraya Sáenz de Santamaría. AFP

Spain imposes drastic reform to clean up banks
Spain announced Friday drastic reforms forcing banks to set up a new 30-billion-euro ($39 billion) financial cushion and to remove risky property assets from their accounts.

Asia software piracy hits firms for $21b
An industry report says software piracy in Asia cost businesses more than $US20 billion ($A20.18 billion) in lost sales last year.The Business Software Alliance's study released on Wednesday said consumers ...

Euro firms in Asian trade despite Europe concerns
TOKYO: The euro held firm against the dollar and yen in Asian trade on Thursday after dropping overnight amid concerns about political upheaval in debt-hit Greece and strains on Spain's banking sector.

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