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Europe Top News and Analysis Spain


  • MADRID— A Spanish magistrate has withdrawn the passport of former International Monetary Fund chief Rodrigo Rato, who is under investigation for alleged tax fraud, money laundering and corruption. It said he could still travel within the European Union using his Spanish identity card. Rato, 66, headed the IMF from 2004-2007. He was a leading figure in Spain's...

  • MADRID— The legendary Spanish newspaper editor is flush with 18 million euros from crowdfunding, well-heeled investors and the payoff he received for leaving Spain's No. 2 newspaper. "El Espanol"— led by the fired co-founder of Spain's El Mundo newspaper— will be seen starting Wednesday by more than 10,000 subscribers who have agreed to shell out 7 euros per month,...

  • Nineteen out of 28 EU member states have requested opt-outs for all or part of their territory from cultivation of Monsanto's MON810, the sole GMO crop already approved for cultivation, or for pending applications. France, among the most vocal opponents to the technology and the bloc's largest grain grower, has banned Monsanto's MON810 maize strain since...

  • *Nordex to buy Acciona's wind power arm for 785 mln euros. BERLIN/ MADRID, Oct 5- German wind turbine maker Nordex is buying Spanish firm Acciona's wind power business for 785 million euros in cash and shares to create a global player in the wind energy market, it said late on Sunday. Nordex will pay Acciona 366.4 million euros in a one-off cash payment and the rest by...

  • MADRID— Spanish police have cracked down on a string of garages that allegedly provided customers with mechanical and software services that enabled their cars to cheat emission checks in a scam similar to that which has engulfed Volkswagen, a statement said Saturday. The garages charged customers 100- 200 euros to remove diesel particulate filters, thus...

  • European markets close: Dollar down, Euro up Friday, 2 Oct 2015 | 11:26 AM ET
    European markets close: Dollar down, Euro up

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Paris market and Volkswagen.

  • MADRID— Two of Spain's top media companies are facing off after a broadcasting magnate who has bankrolled Woody Allen movies asked a court to file criminal charges against the editor-in-chief of the country's leading newspaper. Jaume Roures, who heads Barcelona- based Mediapro, says El Pais newspaper hurt his reputation with an article last year stating he...

  • European markets close: Energy bounce Thursday, 1 Oct 2015 | 11:35 AM ET
    European markets close: Energy bounce

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a broad bounce in energy and oil stocks, and ECB President Draghi raising $1.8 billion selling equity for Cablevision.

  • MADRID— Spanish energy company Repsol plans to eliminate 6 percent of its workforce by 2020, meaning about 1,500 job cuts for the company's roster of 25,000 employees. Repsol SA said Thursday in a letter to employees that the cuts are part of a three-year strategic plan for 2016-2020 aimed at making the company more efficient and ensuring its viability.

  • From Lisbon and Madrid to Dublin, incumbents are gaining ground in opinion polls while the opposition is split among mainstream and radical parties, reducing the prospect of ousting sitting prime ministers and also encouraging investors to buy their countries' debt. One explanation is a gathering economic recovery, which is strongest in Ireland and Spain...

  • European markets close: Euro zone deflation Wednesday, 30 Sep 2015 | 11:30 AM ET
    European markets close: Euro zone deflation

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the core rate for inflation in Europe, which is not as strong as previous estimates.

  • Spanish central bank says economy keeps up growth in Q3 Wednesday, 30 Sep 2015 | 7:04 AM ET

    MADRID— The Bank of Spain says strong domestic demand helped the economy grow 0.8 percent in the third quarter, its ninth consecutive quarterly growth figure. Spain was battered by the global financial crisis and only emerged from a double-dip recession late 2013. It still has a 22.4 percent unemployment rate, the second highest in the European Union after...

  • DIARY-Top Economic Events to Oct 8 Tuesday, 29 Sep 2015 | 8:01 PM ET

    WASHINGTON- International Monetary Fund Managing Director Christine Lagarde participates in conversation hosted by the Council of Americas on global economic policies and prospects- 1430 GMT. ST. LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before the Third Annual Community Banking Research and Policy...

  • European markets close lower Tuesday, 29 Sep 2015 | 11:30 AM ET
    European markets close lower

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including consumer confidence numbers and shares of Glencore moving higher.

  • BARCELONA, Sept 28- Europe is not about to get a new nation after secessionists won a majority in the parliament of Spain's Catalonia region but the Madrid government may be forced into concessions on tax and infrastructure. "I hope this will end up in an agreement and that Catalans will obtain a better situation out of all this," said Gloria Calvo, a receptionist...

  • European markets close: Volkswagen falls again Monday, 28 Sep 2015 | 11:30 AM ET
    European markets close: Volkswagen falls again

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the automotive stocks continuing to drop.

  • Catalan, Scots independence drives enter new chapters Monday, 28 Sep 2015 | 10:49 AM ET

    *Catalan vote may open way for referendum push. EDINBURGH/ MADRID, Sept 28- The Catalan and Scottish independence movements, the two strongest in Europe, are entering a new phase, with lessons to be learnt from each other's experiences so far. But they will at the very least remain a thorn in the side of politics in Britain and Spain for some years.

  • *European shares slump as Glencore underscores commodity concerns. An 8.8 percent drop in Chinese industrial firms' profits and a 30 percent plunge miner Glencore's London- traded stocks triggered the latest round of jitters, sending copper, which had stabilized somewhat, back below $5,000 a tonne. Zambia, where Glencore plans to lay off 3,800 workers saw its...

  • Catalonia takes one step closer to independence from Spain

    Separatists in Catalonia have claimed victory in a regional election that they have vowed will lead to them declaring the region independent from Spain.

  • Public reaction to Catalonia vote Monday, 28 Sep 2015 | 4:35 AM ET
    Public reaction to Catalonia vote

    CNBC's Julia Chatterley talks to the public of Catalonia on the implications for the region if it chose to become independent.