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  • Spain premier announces modest minimum wage raise Friday, 26 Dec 2014 | 8:54 AM ET

    MADRID— Spain's prime minister has announced minimal increases to the minimum wage and for government-funded pensions and predicted the nation's economy will "take off" in 2015 following years of crushing financial pain. Mariano Rajoy says the monthly minimum wage will rise 0.5 percent to 649 euros and that monthly pension payments will increase 0.25...

  • Spain: New king says corruption must be eliminated Wednesday, 24 Dec 2014 | 4:16 AM ET

    MADRID— Spain's new King Felipe VI insisted in his first Christmas Eve speech Wednesday that seemingly endless examples of corruption across the country incensing voters must be stamped out. She faces up to eight years if convicted in an alleged scheme that funded a lavish lifestyle for her and her husband at their Barcelona mansion. "Logically, his sister and...

  • Greek uncertainty curbs European stock gains Tuesday, 23 Dec 2014 | 12:34 PM ET

    *FTSE up but pares gains as UK external deficit rises. LONDON, Dec 23- A fall in Greek stocks kept a lid on gains in European equities on Tuesday, as the Athens bourse was hit by the prospect of early elections that could put Greece's rescue package at risk. The Bank of Spain raised its economic forecast while Portugal's budget deficit shrank.

  • Analysts estimate the bloc's biggest sovereign borrowers will sell a third more debt than in 2014, with Germany the notable exception as it aims to eliminate its budget deficit. Investors, on the other hand, will seek higher yields from lower-rated issuers such as Italy, Spain and Portugal, reassured by expectations that the European Central Bank will become a...

  • Spain: Princess Cristina to be tried for fraud Monday, 22 Dec 2014 | 4:46 AM ET

    MADRID— Spain's Princess Cristina was indicted on tax fraud charges Monday— a severe setback to efforts by her brother King Felipe VI to rid the royalty of image problems after his scandal-plagued father abdicated six months ago. Castro's decision sets the stage for a royal trial late next year, just as Spain is expected to see heavy campaigning in national...

  • Spain hands out $3B in planet's biggest lottery Monday, 22 Dec 2014 | 4:21 AM ET

    MADRID— Spaniards and Latin American immigrants who bought lottery tickets in an upper middle class Madrid neighborhood hit the jackpot on Monday, cracking open bottles of champagne on the streets as they celebrated winning 400,000- euro payoffs from a 2.5 billion-euro pot of cash divided among thousands of ticketholders. Restaurant employee Joana...

  • SYDNEY, Dec 22- Spanish infrastructure giant Ferrovial SA tore up a sweetened $830 million offer for Australia's Transfield Services Ltd, putting the contractor under pressure to show it can thrive as the country's mining boom grinds to a halt. The shares fell to A $1.63 by mid-afternoon, their lowest since before Ferrovial made its initial A $1.95- per-share...

  • SYDNEY, Dec 22- Spanish infrastructure group Ferrovial SA has walked away from a sweetened A $1.02 billion offer for Transfield Services Ltd, sending shares in the Australian contract services firm to two-month lows. Madrid- based Ferrovial ended talks late Sunday after Transfield, which runs Australia's offshore refugee detention centres, rejected an...

  • UK banks rally  Thursday, 18 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a rally for energy stocks and euro zone banks.

  • Rise of the car-sharing apps poses threat to auto sector Thursday, 18 Dec 2014 | 10:15 AM ET

    The rise of the likes of car hire app Zipcar and car-pooling rival BlaBlaCar are expected to present new challenges to mass-market carmakers such as Ford, GM, Volvo, Renault and Volkswagen while presenting fresh opportunities for existing rental networks. Online taxi business Uber is another seeking a slice of the market with its UberPop operation, which...

  • Ford shuts doors of Belgium's Genk plant Thursday, 18 Dec 2014 | 8:00 AM ET

    *Production to move to Valencia, Spain. GENK, Belgium, Dec 18- Ford Motor Company produced the last car at its plant in Genk, Belgium, on Thursday, closing the site which produced some 14 million vehicles over the past 50 years. The company decided in late 2012 to shut the factory which employed some 4,000 people and to relocate production of new models to Valencia, Spain.

  • "If people think this is just to raise the flag, it's not going to last long," said Christopher Flensborg, Head of Sustainable Products and Product Development for Skandinaviska Enskilda Banken AB, the Swedish bank that's the world's largest underwriter of green bonds. Green bonds used to come exclusively from AAA-rated organizations like the World Bank; the...

  • European energy stocks rebound  Wednesday, 17 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bounce for energy stocks and decline for European airlines.

  • Spanish banks more resilient: Banking body  Wednesday, 17 Dec 2014 | 3:20 AM ET

    José María Roldán, president of the Spanish Banking Association, says the problem of non-performing loans for Spanish banks is a "done business" with institutions looking safer than before the financial crisis.

  • Russia's effect on European markets  Tuesday, 16 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bad day for Russia exposed stocks, and the BOE published the results of its stress tests.

  • Spain's Repsol buys Canada's Talisman for $8.3 bln Tuesday, 16 Dec 2014 | 4:26 AM ET

    MADRID— Spanish energy company Repsol is buying Canadian oil firm Talisman Energy for $8.3 billion, a combination that would be among the 15 largest privately owned oil and gas companies in the world, Repsol said Tuesday. Repsol S.A. said Talisman's incorporation will increase Repsol's output by 76 percent to 680,000 barrels of oil equivalent per day, and boost...

  • Spain: Google News vanishes amid 'Google Tax' spat Tuesday, 16 Dec 2014 | 4:21 AM ET

    MADRID— Google on Tuesday followed through with a pledge to shut down Google News in Spain in reaction to a Spanish law requiring news publishers to receive payment for content even if they are willing to give it away. The company's Spanish Google News page, normally full of aggregated news content, vanished and was replaced by a message saying Google was "...

  • UPDATE 4-Repsol to buy Talisman Energy for $13 billion Tuesday, 16 Dec 2014 | 3:15 AM ET

    *Repsol strikes deal to buy Canada 5th largest oil producer. MADRID, Dec 16- Spanish oil company Repsol said on Tuesday it had reached a deal to buy Talisman Energy, Canada's fifth-largest independent oil producer, for $13 billion. Repsol will pay $8.3 billion Repsol for 100 percent of Talisman shares which represents a 56 percent premium to the Calgary- based...

  • LONDON, Dec 15- BT has entered exclusive talks with the owners of EE for a potential 12.5 billion pound deal to give the former UK state telecoms firm the top position in mobile as well as fixed line broadband services. BT had been in competing talks with both the Spanish group Telefonica's rival mobile firm O2 and EE's owners, Orange and Deutsche Telekom, putting...

  • MADRID, Dec 14- On a street in central Madrid, Juan Jose Perucho points to where he is going to build one of the capital's tallest residential blocks after buying a site bigger than five football pitches from the state-owned metro network. Spain is building again after seven years of a crushing downturn in the construction sector with investment in...