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May 23, 2012

SPAIN News, May 23, 2012


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Spain to Recapitalize BFA-Bankia as Lender Needs $11 Billion
BusinessWeek
By Emma Ross-Thomas and Charles Penty on May 23, 2012 Spain will recapitalize BFA-Bankia (BKIA) with as much public money as necessary, as the nationalized group needs at least 9 billion euros ($11 billion) to comply with banking rules, ...
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Spain calls for help to lower borrowing rates
Washington Times
By Thomas Adamson AP Spain's Prime Minister Mariano Rajoy (left) gestures May 23, 2012, during his meeting with French President Francois Hollande at the Elysee Palace in Paris. (Associated Press) PARIS — Spain can't continue much longer with its ...
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Washington Times
Spain Calls for Help to Lower Borrowing Rates
TIME
By AP | May 23, 2012 | + AP French President Francois Hollande reacts during his meeting with Spain's Prime Minister Mariano Rajoy, left, in Elysee Palace, Paris, Wednesday, May 23, 2012. (AP Photo/Jacques Brinon) BRUSSELS — Worries about Greece's ...
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TIME
Pressure on EU leaders to solve Greek crisis
Seattle Post Intelligencer
DON MELVIN, AP, SARAH DiLORENZO, Associated Press French President Francois Hollande, left, shakes hands with Spain's Prime Minister Mariano Rajoy prior to their meeting at the Elysee Palace, Paris, Wednesday, May 23,2012. Photo: Jacques Brinon / AP ...
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Spain struggles to meet regions' 36 bln euros debts
Reuters
* Regions need to refinance 36 bln euros of debt in 2012 * They also need to fund allowed deficit of 15 bln euros * Gov't disagrees on how to back regions' funding By Julien Toyer and Andrés González MADRID, May 23 (Reuters) - Top Spanish officials are ...
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Hollande Challenges Germany's Handling of Debt Crisis
BusinessWeek
By Helene Fouquet and James G. Neuger on May 23, 2012 French President Francois Hollande challenged Germany's handling of the financial crisis as he headed to his first European Union summit with calls for joint borrowing and cash injections to ...
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Starbucks Celebrates 10 Years in Spain
MarketWatch (press release)
SEATTLE, May 23, 2012 (BUSINESS WIRE) -- Ten years ago, Starbucks Coffee Company (NASDAQ:SBUX) opened its first two stores in Madrid. This week Howard Schultz, Starbucks chairman, president and ceo, and EMEA president Michelle Gass join hundreds of ...
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Orvana Announces Operations Update at El Valle-Boinas/Carles Gold/Copper Mine ...
MarketWatch (press release)
TORONTO, ONTARIO, May 23, 2012 (MARKETWIRE via COMTEX) -- Orvana Minerals Corp. (TOR:CA:ORV) (the "Company") is pleased to provide, through its wholly-owned subsidiary Kinbauri Espana SLU ("Kinbauri"), an update of operations for its El ...
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TEXT-S&P afrms Madrid region 'BBB+/A-2' ratings; outlook remains neg
Reuters
Rationale Our affirmation follows the Madrid region's release of details of its fiscal rebalancing plan on May 18, 2012, approved by Spain's Fiscal and Financial Policy council the day before. The plan includes an upward revision in the Madrid region's ...
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Spain Forward David Villa Will Miss European Soccer Championship
BusinessWeek
By Dan Baynes on May 22, 2012 Spain will defend its European Championship soccer title without forward David Villa, who was the tournament's leading scorer four years ago. Villa, who's scored 51 goals in 82 games for Spain, told national team coach ...
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Hollande Honeymoon Brings France Low Yields
BusinessWeek
By David Goodman and Mark Deen on May 23, 2012 Higher rated than Spainor Italy and offering better returns than German securities, France finds itself in a sweet spot, drawing the strongest auction demand since the European debt crisis began in 2009 ...
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Premier: Spain urgently needs financing, liquidity
Houston Chronicle
French President Francois Hollande, left, shakes hands with Spain's Prime Minister Mariano Rajoy prior to their meeting at the Elysee Palace, Paris, Wednesday, May 23, 2012. Photo: Jacques Brinon / AP French President Francois Hollande, left, ...
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TEXT-Fitch: Non-resident investors pulling out of Spain, Italy
Reuters
(The following statement was released by the rating agency) May 23 - The proportion of Spanish and Italian public debt held by non-resident investors continued to fall in the first quarter of 2012 as banks funded with cheap ECB money replaced ...
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Pressure on EU leaders to solve Greek crisis
Atlanta Journal Constitution
French President Francois Hollande, left, waves as he escortsSpain's Prime Minister Mariano Rajoy prior to their meeting in Elysee Palace, Paris, Wednesday, May 23, 2012. (AP Photo/Jacques Brinon) French President, Francois Hollande, centre, ...
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Atlanta Journal Constitution
Dow On Pace For Lowest Close Of 2012, Thanks To Greece
Huffington Post
Traders work on the floor of the New York Stock Exchange on May 15, 2012. A week later, the Dow is headed for its lowest level of the year. US stocks are headed for their worst day in six weeks, while the euro is at its lowest level in nearly two years ...
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Nissan Invests 100 Million Euros in Spain Electric Vans
BusinessWeek
By Louise Downing on May 23, 2012 Nissan Motor Co. (7201), Japan's second- biggest carmaker, said it's investing 100 million euros ($127 million) at a plant in Barcelona making electric vehicles, creating 700 jobs. Production of the e-NV200 model ...
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Spanish premier says country cannot go on much longer with higher borrowing rates
CanadianBusiness.com
By Don Melvin,Sarah Di Lorenzo, AP | May 23, 2012 Spain's Prime Minister Mariano Rajoy, left, gestures during his meeting with French President Francois Hollande at the Elysee Palace, Paris, Wednesday, May 23, 2012. (AP Photo/Jacques Brinon) BRUSSELS ...
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Amid eurozone turmoil, Germany borrows money for free
Christian Science Monitor
By Michael Steininger, Correspondent / May 23, 2012 (L.-r.) Italy's Prime Minister Mario Monti, Germany's Chancellor Angela Merkel and France's President Francois Hollande attend an informal EU leaders summit in Brussels May 23.
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Christian Science Monitor
Spain calls for help to lower borrowing rates
La Crosse Tribune
AP | Posted: Wednesday, May 23, 2012 9:31 am | Loading… French President Francois Hollande reacts during his meeting with Spain's Prime Minister Mariano Rajoy, left, in Elysee Palace, Paris, Wednesday, May 23,2012. (AP Photo/Jacques Brinon) Spain ...
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Radisys and Mindspeed Pioneer Solutions for Dual-Mode Small Cells
MarketWatch (press release)
BARCELONA, Spain, May 23, 2012 (BUSINESS WIRE) -- Radisys(R) Corporation (NASDAQ:RSYS) , a leading provider of embedded wireless infrastructure solutions, and Mindspeed Technologies, Inc. (NASDAQ:MSPD) , a leading supplier of semiconductor solutions ...
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Japanese video game author wins Spanish prize
Huffington Post
May 23, 2012 10:27 AM EST | AP MADRID — Japan's Shigeru Miyamoto, considered the father of the modern video game, has been awarded Spain'sPrince of Asturias Award for Communication and Humanities. Miyamoto, 59, is the author of the Mario Bros. series ...
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French Open Preview: Does Rafael Nadal Have His Mojo Back?
TIME (blog)
By Justin Bergman | May 23, 2012 | + Rafael Nadal of Spain hits a backhand during the mens singles final match between Rafael Nadal of Spain and Roger Federer of Switzerland at the French Open on June 5, 2011 in Paris, France. It's springtime in Europe...
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TIME (blog)
Faurecia Combined Shareholders' Meeting: Appointment of two new directors
Reuters
Nanterre, May 23, 2012 Faurecia Combined Shareholders' Meeting: Appointment of two new directors During the combined shareholders' meeting of Faurecia, held today, all the resolutions recommended by the Board of Directors have been approved.
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Gamesa Hires Martin as CEO as Calvet Steps Down
BusinessWeek
By Justin Doom on May 23, 2012 Gamesa Corp. Tecnologica SA (GAM),Spain's largest maker of wind-power equipment, named Ignacio Martin chief executive officer, replacing Jorge Calvet who is stepping down. Martin, formerly of CIE Automotive SA (CIE), ...
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European Banks Unprepared for Pandora's Box of Greek Exit
BusinessWeek (blog)
By Elena Logutenkova, Liam Vaughan and Gavin Finch on May 22, 2012Europe's banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of losses if Greece abandons the euro. While lenders have increased capital ...
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Lufthansa to Focus on Existing Units as TAP Stays Partner
BusinessWeek
By Anabela Reis on May 23, 2012 Deutsche Lufthansa AG (LHA) will focus on growth at existing units, the head of the airline's business in Spain and Portugal said, a week after other executives at the German company said itmay look at bidding for TAP ...
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Premier: Spain Urgently Needs Financing, Liquidity – ABC News ...
By Newswires
Premier: Spain Urgently Needs Financing, Liquidity – ABC NewsMay 23,2012. By Newswires ... Prime Minister, Reuters NewsSpain News. This entry was posted on May 23, 2012 at 8:22 am and is filed under Latest Business Headlines.
The Wall Street Examiner
Holcim to cut 35% of workforce in Spain
Holcim will have to cut 373 jobs in Spain (equivalent of 35 per cent) of its staff in the country, local press have reported.The Swiss-based is to shut ... All,News, Blog, Conferences, Articles, Forum. PublicationsCement Industry ... In the first four months of 2012, demand in Spain plunged by 40 per cent YoY. Abstracted from an original ... Cemnet B2B · Videos. Tradeship Publications Ltd © 2012 | No part of this website may be reproduced without prior written consent from the publisher.
CemNet.com | Daily Cement Industry News
Donna Summer: 1948 – 2012 | Olive Press Newspaper Spain
By Karl Smallman (Web Manager)
Donna Summer: 1948 – 2012. PUBLISHED: May 23, 2012 at 8:54 am • LAST EDITED: May 23, 2012 at 8:54 am. Blogs, Faces of Spain by Travis • 0 Comments. 1 Star 2 Stars 3 Stars 4 Stars 5 Stars (Be the first to rate it). Loading .
Olive Press Newspaper Spain
Euro 2012 News: David Villa Ruled Out of Spain's Euro 2012 Squad ...
By Alex Muller
By Alex Muller on May 23, 2012 (about 21 minutes ago). Tweet ... There's just over two weeks to go before Euro 2012 kicks off, and the number and quality of news items is quickly increasing from a handful to more than 10. As the days go by, ...
Premier League blog, soccer news...
Junior Eurovision: Russian semi-finalists announced | ESCDaily ...
By Belen García (Spain)
ESCDaily.com || The latest Eurovision 2012 news from across Europe · Home · About Us · Contact Form ... Published at 16:20, 23 May 2012. Junior Eurovision: Russian ... My name is Belén and I from Spain. I'm a very big fan of Eurovision and ...
ESCDaily.com || The latest Eurovision...
Egan-Jones Cuts Spain Rating Further on Weak Banks | iBC_FN ...
By CRONKITE
Stock picks, stock discussion, market news, stock analysis, investing blogs.... Egan-Jones Cuts Spain Rating Further on Weak Banks. By CRONKITE – Wed May 23, 2012 9:31am – No Comments – 145 views. “Egan-Jones Ratings cut Spain's credit level further on Tuesday, ... “Spain will inevitably be faced with sizable payments to support its banking sector and for its weaker provinces,” Egan-Jones said in a statement on Tuesday. “Assets of Spain'slargest two banks exceed its GDP.” ...
iBC_FN | iBankCoin Financial News
Caricom chief for CCJ hearing on cement case - Stabroek News ...
By Stabroek editor
(Trinidad Express) CARICOM Secretary General Irwin LaRocque is expected to appear before judges at the Caribbean Court of Justice (CCJ) in Port ofSpain today.
Stabroek News
In Spain 'there is no future' — War in Context
By News Sources
In Spain 'there is no future'. by News Sources on May 23, 2012. El País reports: Con la que está cayendo…” This expression – which literally means “With this downpour,” but metaphorically is used as “With things as bad as they are” – keeps ...
War in Context
News Summary: In Spain teachers, students strike | WSLS 10
THE STRIKE: Teachers and students across Spain walked out Tuesday. Union officials said 80 percent of teachers took part in the strike, while the national education ministry put the figure at 19 percent. THE GRIPE: Austerity measures being ...
WSLS 10 - News
News about Spain May 2012
As people have said that in the UK Spanish news is sometimes not reported and / or it's easily ignored here's some news, mainly in video, about some recent ...
www.expatforum.com/.../112230-news-about-spain-may-201...
SPAIN TODAY - THURSDAY 17 MAY 2012 | Spain | Leader - News ...
Search: News. SPAIN TODAY - THURSDAY 17 MAY 2012. Print | Send to a friend. Mark Nolan / 2012-05-16 20:37:02. Human bodies in Murcia shopping centre ...
www.theleader.info/.../spain-today-thursday-17-may-2012/
Maddie in Spain? | Olive Press Newspaper Spain
Maddie in Spain? PUBLISHED: May 17, 2012 at 5:50 pm • LAST EDITED:May 18, 2012 at 11:31 am. News Feature • 8 Comments. 1 Star 2 Stars 3 Stars 4 Stars ...
www.theolivepress.es/spain-news/2012/05/.../maddie-in-spain/
Moody's downgrades Santander UK along with 16 Spanish banks ...
The Guardian, Friday 18 May 2012 ... That was little consolation to 400000Spanish investors who were last year persuaded to buy shares in the newbank, ...
www.guardian.co.uk/.../spain-denies-bankia-customers-rushin...
BBC News - Spanish banks have credit ratings cut by Moody's
Ratings agency Moody's cuts the credit ratings of 16 Spanish banks, as shares in struggling lender Bankia fell another ... 17 May 2012 Last updated at 18:12 ET ...
www.bbc.co.uk/news/business-18100049
Ratings agencies flex muscles, eyeing Greece and Spain | News ...
Investors like chances of profiting on Facebook 16.05.2012 ... Moody's, meanwhile, had its gaze directed towards parts of Spain ... Watch the newsin brief ...
www.dw.de/dw/article/0,,15957228,00.html
Barcelona, Spain. News, insights and tips.: May 2012
At least for me, the Spanish Formula 1 Grand Prix in Barcelona (well, Montmelo) always seems to come around quickly. I should be used to it by now, as it's ...
barcelonasights.blogspot.com/2012_05_01_archive.html
Spain Weather - Friday May 18 2012
Cloudy or overcast in their northern third of the country with showers occasionally stormy, and which could be heavy in Navarra, La Rioja, Aragón and the west ...
www.typicallyspanish.com/news/publish/article_34711.shtml
Time for Spain's 'indignados' to prove their relevance | Iberosphere ...
But with the Spanish economy going from bad to worse, the organisation now needs to ... Category: Featured, Iberoblog, Spain News | Friday, May 11th, 2012 | ...
iberosphere.com/2012/05/spain-news-indignados/6133
Spain to outline Bankia plan, may announce bailout size
Tue May 22, 2012 6:00pm EDT ... May 23 (Reuters) - The Spanishgovernment is set to outline on Wednesday its plan to restructure ... Related Quotes and News ...
www.reuters.com/.../bankia-plan-idUSL5E8GMFM02012052...
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