Spanish Economy

Trade War Not Impacting Economy But Poses Threat, Spain Says

Spain hasn’t seen the global trade war hurting domestic companies, but it has begun to study the impact because the disputes may pose a threat to …

Economy

Palma in Spain's Balearic Islands bans almost all Airbnb-style rentals

© Reuters. FILE PHOTO: People walk past a graffiti in Palma de Mallorca<p>MADRID (Reuters) - Palma de Mallorca, capital of Mediterranean tourist …

World Economy

Spain's debt rating raised again on growth hopes

The upgrade reflects the government's steps to "address the weaknesses in the banking sector" and an "increasingly balanced growth profile," despite …

Economy

S&P upgrades Spain's rating to 'A-' citing growth

"We expect Spain's GDP will expand faster than the eurozone average over 2018-2021, and that the government's budget deficit will continue to …

Spain

Spain plans no further cabinet changes besides economy minister: PM

MADRID (Reuters) - Spain’s new economy minister will be in place by next week and no further cabinet changes are expected, Prime Minister Mariano Rajoy said during a press conference in Tunisia on Monday.<p>Spanish Prime Minister Mariano Rajoy talks to the media at the start of an International …

Europe

What the Price of Ham Tells Us About Spain's Economy

RONDA, Spain—The latest sign of Spain’s bullish economic recovery?​A surge in ham prices that some are calling a bubble.<p>Cheered by strong economic growth, Spaniards are shaking off one of the country’s worst downturns in decades and splurging on goods recently considered extravagant. That includes …

Business

BBVA Says Catalan Crisis To Cost 35,000 Jobs And Terror Attacks Led To A 2% Reduction In Bookings

Spain is a fascinating country, with a history full of intriguing characters and events, and the story is not over yet.<p>Catalan independence, Podemos, …

Spain

Spain's credit rating gets upgrade thanks to rosier economy

The economic impact of the Catalonia region's effort to declare independence last month have been "limited" so far but the political standoff will …

Economy

Spain Has Rating Raised to A- by Fitch on Economic Recovery

Spain’s credit rating was raised one level at Fitch Ratings, which said the country’s “buoyant” economic growth has helped reduce the government’s …

Business

Expect further business disruption in Catalonia, Moody's warns

Business investment will continue to be hit in the new year as a result of the political turmoil in Catalonia, credit-ratings agency Moody’s has warned.<p>Political instability in the region has already driven 3,000 businesses, including two major banks, to relocate to other parts of Spain, and caused …

Economy

Spain's economy seen growing strongly despite Catalan crisis

Spain's central bank says strong exports are likely to help the economy grow by a quarterly rate of 0.8 percent in the last three months of the year despite the negative effects of the Catalan political crisis.<p>Spain's economy is set to expand by 3.1 percent in 2017, but the government revised its …

Central Banks

Spain shrugs off economic impact of Catalan crisis

Spain's economy minister has dismissed the prospect of any adverse economic fallout from the crisis in Catalonia, sticking to the government's end-of-year growth forecast of 3.1 percent from a year earlier.<p>"In the fourth quarter, without doubt, Catalonia saw an strong deceleration ... October has …

Business

Spain's Economy to Count the Cost If Catalan Crisis Continues

Spain’s economy is going to pay a price for Catalonia’s bid for independence.<p>While Prime Minister Mariano Rajoy has stepped in to take over the …

Europe

Tradeweb Government Bond Update - October 2017

Government bond yields dropped across Europe over the course of a particularly volatile October. The biggest move occurred in Italy, where the …

Business

Investors brace for years of crisis in Spain as Catalan drama escalates

The escalating constitutional crisis in Spain poses a direct threat to the country’s fragile economic recovery, stoking worries that Madrid may ultimately need a fresh financial rescue from the EU bail-out fund.<p>Calls for “massive civil disobedience” from Catalan nationalists and menacing noises …

Economy

Asian shares conquer 10-year peak, commodities ride high on China

SYDNEY: Asian shares rallied to a decade high on Monday as upbeat Chinese data boosted commodity prices, while the euro extended losses after the …

Markets

24matins.uk

Sport<p>Brazil defender Danilo will play no further part in the World Cup after suffering an ankle injury in training, the Brazilian Football …

Economy

Spain's PM says may use constitution to block Catalan independence

MADRID/BARCELONA: Spanish Prime Minister Mariano Rajoy said on Saturday he would not rule out using the constitutional powers to remove Catalonia's …

Catalan Independence

Catalan parliament defies Madrid pressure, works on independence declaration

© Reuters. Catalan President Carles Puigdemont meets with members of the Independent Comission for Mediation and Dialogue in Barcelona<p>By Sam Edwards …

Europe

Spanish court suspends Catalan parliament session, throwing independence call in doubt

© Reuters. A woman reacts as National Police officers leave their hotel in Reus<p>By Angus Berwick and Carlos Ruano<p>BARCELONA/MADRID (Reuters) - Spain's …

Europe

Spain's economy minister says Catalan bank clients, business have nothing to fear

© Reuters. Spain's Economy Minister de Guindos speaks during a news conference after the weekly cabinet meeting at Moncloa Palace in Madrid<p>MADRID …

World Economy

Trump’s Trade Czar Calls China a Major Threat to World Trade

U.S. Trade Representative Robert Lighthizer also sees nothing conclusive yet in Nafta talks<p>WASHINGTON—President Donald Trump’s trade chief on Monday said China represents an “unprecedented” threat to the world trading system, saying its state-driven economic system poses a “substantially more …

Carles Puigdemont

Spanish Economy Expands at Fastest Pace in Almost Two Years

The Spanish economy accelerated at the fastest pace in almost two years, extending a recovery that shows no signs of abating.<p>Output grew 0.9 percent …

Economy

TECH STOCKS SURGE: Here's what you need to know

Here's the scoreboard:<p><b>Dow:</b> 23,434.19, +33.33, (0.14%)• <b><br>S&P 500:</b> 2,581.07, +20.67, (0.81%)• <b><br>Nasdaq:</b> 6,701.26, +144.49, (2.20%)<p><b>Additionally:</b><p>Brent crude oil hits $60 per barrel for the first time since July 2015<p>A legendary Wall Street strategist lays out the stock market's 'nightmare scenario'<p>A $460 …

Business

Spain is trying to kill the siesta

Spain is hoping to kill off its famed "siesta" naps by moving to a new time zone.<p>Labor minister Fátima Báñez has this week revived a proposal to change the country's clocks, saying the move would help ensure the working day ended at 6 p.m. and give workers more time with their families. It's …

Dow Jones

Mariano Rajoy's Real Battle Has Just Begun

Mariano Rajoy has no time to lose.<p>After ten months of political deadlock and two inconclusive elections, Spain's old and new prime minister faces …

Europe

Spain may grow more than 3.1 percent in 2016; will miss 2017 deficit goal

MADRID (Reuters) - Spain’s economy may grow by more than 3.1 percent in 2016, up from the current official target of 2.9 percent, despite political deadlock, acting Economy Minister Luis de Guindos told reporters in Washington on Saturday.<p>People look at fans inside a shop in central Madrid, Spain …

International Monetary Fund

Spanish economic recovery helps boost El Corte Ingles profit

MADRID (Reuters) - Core earnings for Spanish department store chain El Corte Ingles were up 10 percent in 2015, it said on Sunday, buoyed by a consumer-driven economic recovery, a strong tourism season and a lower debt burden.<p>People walk past a El Corte Ingles department store in central Madrid, …

Spain

Decision on suspension of EU funds to Spain, Portugal after summer - Commission

BRUSSELS (Reuters) - The European Commission is likely to delay a decision on whether to suspend European Union funds for Spain and Portugal until after the summer, a vice president of the EU executive said on Wednesday.<p>European Commission Vice President Maros Sefcovic addresses a news conference …

Portugal

UBS raises 2016 growth forecasts for Germany, France and Spain

LONDON (Reuters) - Swiss bank UBS raised on Wednesday its growth forecasts for Germany, France and Spain for the current year, but lowered its expectations for Italy.<p>A partially illuminated (R) and a fully illuminated logo of Swiss bank UBS are seen on a building in Zurich December 18, 2012. …

German Economy