Business

Spanish parliament to approve spending cuts in education and health

The measures include hikes in what people covered by the state health system pay for medicines over the...

Spread shoots past psychological barrier of 500 basis points

The spread, or difference between the interest rates demanded by investors for Spanish and German 10-year...

Independent audit of Spanish banks' debts ready within two months

The measures are aimed at restoring confidence in a sector at the heart of the country's financial crisis.

European shares fall 1.9 pct, Euro near lowest level in 4 months

Uncertainty over the impact of a potential Greek exit from the euro drove a rush to safety by investors,...

Basque bank Kutxabank will have to set aside another 855 million euro

The new money banks will have to set aside by year's end will cover loans that are not yet considered...

Spain to force banks to park their toxic real estate assets

The creation of holding companies for each bank's problematic property assets would be voluntary for lenders...