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(Bloomberg) -- After making a fortune in clothing, Amancio Ortega turned his attention to real estate. The Spanish billionaire’s property holdings have soared to 15.2 billion euros ($17. → Read More
The right-wing Vox party is shaking up Spanish politics. After entering parliament for the first time in April it went on to double its support in Nov. 10 elections and is now the third-biggest party in the country. Two factors have played into Vox’s recent surge: the outbreak of violent protests in Catalonia over the jailing of former separatist leaders and the decision by acting Socialist… → Read More
The right-wing Vox party is shaking up Spanish politics. After entering parliament for the first time in April with 24 seats, it’s set to build on that showing in new elections set for Nov. 10. Two factors have played into Vox’s recent surge: the outbreak of violent protests in Catalonia over the jailing of former separatist leaders and the decision by acting Socialist Prime Minister Pedro… → Read More
Spain’s opposition aimed swipes at Prime Minister Pedro Sanchez for attempting to negotiate with Catalan separatists, in a strong indication of how the country’s electoral campaign is likely to play out. → Read More
A right-wing political movement known as Vox shook Spanish politics with an unexpectedly strong showing in regional elections in Andalusia, Spain’s largest region and a Socialist stronghold for the past 36 years, and polls suggest it could play a key role in national politics after the next election. French far-right leader Marine Le Pen took to Twitter to toast Vox’s success, and its leadership… → Read More
Spanish banks posted solid second-quarter earnings with four of the country’s six largest lenders earning more than forecast. The banks have capitalized on five years of growth in Spain to improve the quality of their assets, beef up their core capital and improve their profitability. → Read More
Credit Suisse Group AG is moving 50 investment banking jobs to Madrid as part of its Brexit planning, according to two people familiar with the matter. → Read More
Banco Santander SA posted better-than-expected profit in the second quarter as Brazil and Spain offset emerging market currency volatility and a challenging environment in the U.K. → Read More
Among the questions facing Spain’s new government is what to do with its stake in Bankia, the country’s fourth-largest bank. It’s been a headache for Spanish leaders since it required a rescue in 2012 to avert a collapse that could have brought down the nation’s entire financial system. The prior government set itself a deadline of December 2019 to sell its 61 percent stake in Bankia, but its… → Read More
Carbanak’s suspected ringleader is under arrest, but $1.2 billion remains missing, and his malware attacks live on. → Read More
Carbanak’s suspected ringleader is under arrest, but $1.2 billion remains missing, and his malware attacks live on. → Read More
Photographer: Juan Mabromata/AFP/Getty Images Argentines are so crazy about soccer that a lender is betting they’ll pay 50 percent interest to finance their trips to the World Cup in Russia this month. BBVA Banco Frances SA, the local unit of the Spanish bank, has been airing television commercials encouraging Argentines to rally behind Lionel Messi and his teammates by taking out one of their… → Read More
Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said there’ll be adverse effects and an unavoidable impact on markets from the European Central Bank’s plans to exit its bond-buying program. → Read More
The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses, has been arrested in Spain. → Read More
Brazil is now seen as more corrupt than Argentina after suffering last year one of the biggest plunges among the nations tracked by a global transparency ranking. → Read More
Argentina is in the running along with Chile to be the site of a new data center for Amazon.com Inc. in South America, according to people familiar with the matter, a sign of President Mauricio Macri’s success in bringing the nation back into the global economy. → Read More
Argentina eased its inflation targets for the next two years, allowing the central bank to pursue looser monetary policy in a bid to support a weak economic recovery. The peso plunged the most in two years. → Read More
Argentina’s Congress approved a bill that seeks to reduce inefficient taxes that have dragged on growth in South America’s second-largest economy for decades. → Read More
Argentina’s Congress approved a bill that seeks to reduce inefficient taxes that have dragged on growth in South America’s second-largest economy for decades. → Read More
The U.S. and Europe argued the world trading system is failing to live up to expectations, even as China defended the existing order and urged countries to forge ahead with globalization. → Read More