spain

The Swiss currency is continuing to gather strength against the euro on Tuesday. At around 6 am GMT, the euro lost 0.14% of its value against the euro to stand around 1.1521. At the same time, the greenback recovered some of its earlier losses, rising 0.09% to 0.8183. The franc is considered by...

The euro suffered heavy losses on Monday, as debt fears moved from Greece to Italy, the Eurozone's third largest economy. At the moment, the euro lost 0.764% of its value to trade around $1.4155. At the same time, the euro suffered smaller losses against the Japanese yen, falling 0.625% to ¥114.32...

Sweden's central bank raised its repurchase rate 25 basis points to 2% on Tuesday in a move to keep its growing economy from overheating and driving inflation higher. The move by the Riksbank was widely expected and is the seventh straight time that Sweden's central bank has raised interest rates...

Asian stocks climbed higher again during Friday trading in Asia, as the markets reacted positively to the Greek Parliament passing a second set of austerity measures that allowed Greece to receive the latest 12 billion euro ($17 billion) installment of its emergency loan from the European Union (EU...

It looks as though Greece will avoid plunging the international financial system into turmoil, as the Greek Parliament is preparing for a second vote on austerity measures that the European Union (EU) demanded in order for Greece to receive the next installment of the 110 billion euro bailout that...

The European Union said that the Greek Parliament must pass the latest round of austerity measures in order to receive the next installment of the 110 billion euro loan from the European Union and the International Monetary Fund. Without the next loan installment, the Greek government could run...

It looks as if it is all but certain that Greece will eventually default on its debt, whether it receives the next tranche of its bailout package or not. Just look at the spreads on Greek debt over comparable German debt. The spreads are astronomic. Late Friday before the bell, Moody's hit us...

Stocks are selling off again, this time moving towards the lows of the session, and the losses are accelerating. At last check, the Dow was off 116 points, the NASDAQ was lower by 26 points, and the S&P 500 was off 13 points. The losses are being caused by worse than expected economic data,...

If Sony (NYSE: SNE) could go back in time and re-market The Social Network with current information, the film's tagline would have read, “You can't make 700 million friends without making a few enemies.” That's right Facebook users, Business Insider reports that the social network that everyone...

The People's Party won 38% of the vote in Spain, as the ruling Socialist party appears to be coming to an end. Greek Prime Minister George Papandreou said that the debt crisis will be overcome without a major restructuring. SAC Capital Advisors is being probed by Congressional investigators.

The market has reacted negatively to local and regional voting results out of Spain in which the country's ruling Socialist party suffered embarrassing losses. The elections followed a week of protests led by youths that are unhappy with the country's extremely high unemployment rate and are also...

The Bank of Spain announced on Friday that the Spanish economy grew by 0.2% during the 1st quarter of 2011, for the second consecutive quarter of 0.2% growth. Spain's central bank also noted that the Spanish economy was up 0.7% from the same quarter a year earlier. The modest growth was said to...

The likelihood that Portugal will seek a bailout increased after the resignation of the country's prime minister, who had been trying to push through structural reforms that are needed for the country to reduce its fiscal deficit and lower its borrowing costs. Like many leaders throughout Europe...

Just weeks after lowering Spain's sovereign debt rating, Moody's Investors Service downgraded the credit rating of thirty of Spain's smaller banks on Thursday, while leaving the credit ratings of the country's three biggest banks unchanged. There is growing resistance in some of the more...

European equity markets are shrugging off Spanish bank ratings downgrades and the resignation of Portugal's prime minister Thursday, as stocks are up broadly. Futures ares indicating a flat open for U.S. markets, with the S&P 500, Nasdaq, and Dow indicies all trading even to 0.1% higher. Best...