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Europe Top News and Analysis Spain

  • *Taxify takes on Uber in Europe, Africa; joining other up-starts globally. *Taxify will soon test model in London, biggest European market. Estonia upstart Taxify is hoping to win over drivers and take on Uber Technologies Inc, the industry leader, by offering a larger share of the profit.

  • MADRID, June 16- The Eurogroup of finance ministers may block an 8.5- billion-euro loan to Greece if it does not grant immunity to privatization agency officials from Spain, Italy and Slovakia, Spanish Economy Minister Luis de Guindos said on Friday. European Economic and Monetary Affairs Commissioner Pierre Moscovici said he was confident the problem would...

  • Nike said it would reduce the number of its business segments to four from six as part of the initiative, being rolled out at a time the company is battling for market share in North America with a resurgent Adidas AG and a fast-growing Under Armour Inc.. Shares of the world's No.1 shoemaker were down 2.7 percent at $53.59 in early trading, making them the biggest...

  • BRUSSELS, June 14- EU antitrust regulators will investigate whether Nike, Comcast's Universal Studios and Hello Kitty owner Sanrio illegally block some cross-border sales or ban certain online retailers from selling their products. Universal Studios and Sanrio did not immediately respond to a request for comment. "We are going to examine whether the...

  • BRUSSELS, June 14- EU antitrust regulators have opened investigations into whether Nike, Comcast's Universal Studios and Hello Kitty owner Sanrio illegally block some cross-border sales or ban certain online retailers from selling their products. "We are going to examine whether the licensing and distribution practices of these three companies may be...

  • AGRA, India, June 14- In the backstreets of Agra's Muslim quarter, where shoes have been made for centuries, small-scale manufacturers are firing workers and families cutting back on spending as a government crackdown on cattle slaughter ripples through the community. The election of Indian Prime Minister Narendra Modi of the Hindu nationalist Bharatiya...

  • SAN FRANCISCO, June 13- Cross-border money transfer service WorldRemit is enabling its immigrant customer base to send money home using Android Pay, making it the first international remittance firm to run on the Google payments system, the company said on Tuesday. Connecting with Android Pay will enable WorldRemit customers in developed markets like...

  • Straight-jacket fiscal policies by euro zone countries leave the European Central Bank as the default policy leader, Michael Ivanovitch writes.

  • VALLETTA- Informal meeting of the EU General Affairs Council. LUXEMBOURG CITY- EU Justice and Home Affairs Council meeting. MADRID- Bank of Spain Governor Luis M. Linde will deliver a speech at the "Twenty-First Annual European Financials Conference", organized by Goldman Sachs- 1030 GMT.

  • Demonstrators hold a giant banner and Catalan independence flags during a protest at the Pedralbes Palace in Barcelona on October 23, 2013.

    Leaders in the northeastern Spanish region will bring to a head years of court battles and political clashes with the central government.

  • Banco Popular deal made sense for Santander: Analyst

    John Raymond, senior analyst for European banks at Creditsights, speaks about the rationale behind Santander's move to rescue fellow Spanish bank Banco Popular.

  • NEW YORK, June 7- U.S. stocks and Treasury yields rose on Wednesday after the release of written testimony from ex-FBI chief James Comey, with investors looking ahead to his U.S. Senate appearance on Thursday, the same day as a British parliamentary vote and a European Central Bank meeting. A smoothly-executed rescue of Spain's Banco Popular lifted bank stocks in...

  • NEW YORK, June 7- A smoothly executed rescue of Spain's struggling Banco Popular lifted European bank stocks on Wednesday, while U.S. stock and bond investors showed caution ahead of Thursday's British vote, an ECB meeting and testimony by ex-FBI chief James Comey. Oil prices dipped on renewed concerns about the efficacy of OPEC- led production cuts and a Mideast...

  • PARIS, June 7- A banker in France costs 46 percent more, all payroll charges included, than one paid the same salary in Germany, the French senate said, highlighting the need for rapid reforms to lure banks leaving London. Paris sees an opportunity in Britain's vote to leave the European Union, the regulatory implications of which place a question mark over London's...

  • MADRID/ BRUSSELS, June 7- European authorities stepped in to avert a collapse of Spain's Banco Popular following a run on the bank, orchestrating a last-minute rescue on Wednesday by Santander, the country's biggest lender. Owners of Popular bonds faces losses of some 2 billion euros, while Santander will ask its shareholders for around 7 billion euros of...

  • LONDON, June 7- A smoothly executed rescue of Spain's struggling Banco Popular drove European banking stocks higher on Wednesday in financial markets dominated by caution ahead of a trio of major events on Thursday. The absorption of Popular by Spain's biggest bank Santander for a nominal one euro was the first use of a regime to deal with failing banks adopted...

  • *Santander to raise 7 billion euros in capital increase. MADRID/ FRANKFURT, June 7- Spain's biggest bank Santander is to buy struggling rival Banco Popular for a nominal one euro after European authorities determined the lender was on the verge of insolvency. Popular, Spain's sixth biggest bank, has long struggled and repeatedly asked shareholders for fresh...

  • LONDON, June 7- The smoothly executed rescue of Spain's struggling Banco Popular prodded European banking stocks higher on Wednesday in financial markets dominated by caution ahead of a trio of major events on Thursday. The absorption of Popular by Spain's biggest bank Santander for a nominal one euro was the first use of a regime to deal with failing banks...

  • More bad debt at Banco Popular than outsiders realized: Reuters

    Peter Thal Larsen, global economics editor at Reuters Breakingviews, speaks about Santander's move to buy Banco Popular.

  • *Santander to raise 7 billion euros in capital increase. MADRID/ FRANKFURT, June 7- Spain's biggest bank Santander announced on Wednesday that it would buy struggling rival Banco Popular for a nominal one euro after European authorities determined the lender was on the verge of insolvency. Santander will carry out a capital increase of around 7 billion euros to...