Spain removed from EU sick list

Brussels believes the country no longer has excessive economic imbalances But it is also calling for further efforts to address problems


Manufacturing sector creates jobs for second month in a row

Output expected to continue increasing to replace depleted stock


Spanish economy grew 0.2 percent in last quarter of 2013

Figure is 0.1 points below initial estimate


Spanish services sector grows at fastest pace in over six years

Companies increase staffing levels for first time in 70 months


Services sector grows at fastest pace since start of economic crisis

Survey also indicates labor market is showing signs of stabilizing


Santander buys 8 percent of Bank of Shanghai for 470 million euros

Deal also involves cooperation agreement with Chinese lender to develop wholesale banking activities

Bank of Portugal revises projections for local economy upward

Private consumption expected to grow next year as exports remain strong


Lending to households suffers record fall as banks remain parsimonious after bailout

Company credit also slumps to lowest level since 2007


Spanish manufacturing suffers renewed decline in November

First contraction in four months highlights “fragility” of sector


Bank of Spain says weak recovery doesn’t invite “complacency”

Governor Linde says government revenues need to pick up toward the end of the year to ensure deficit target is met


Spanish exports gather pace in September and hit record levels

Imports also pick up indicating a possible revival in domestic demand after recession


Portuguese economy grows for second quarter in a row

GDP rises 0.2 percent in the period July-September as the IMF suggests the need for yet more wage cuts


Mexico’s Sigma launches takeover bid for Campofrío food company

Mexican group has already agreed the purchase of 45 percent of the Spanish meat processor from leading shareholders at 6.8 euros per share, valuing the company at 675 million euros


Spain fails Brussels’ economic imbalances probe in five areas

Germany cited for excess current account surplus. Eurogroup to give thumbs up to Madrid on bank bailout conditions.


Telefónica sells Czech unit to PPF for 2.5 billion euros

Spanish telecoms giant to use proceeds to reduce financial debt


Brussels lowers its forecast for Spanish growth in 2014

GDP now seen expanding by just 0.5 percent, way down on earlier estimate of 0.9 percent


Madrid court throws out clauses in Ryanair ticket terms

Judge rules that 40-euro fee for reprinting of boarding pass breaches consumer protection laws


Santander’s net income up 77 percent in first nine months at 3.31 billion euros

Earnings boosted by lower balance clean-up costs But bad loans continue to advance, while interest income falls


Ferrovial sells 8.65 percent of Heathrow Airports Holding for 463 million euros

Spanish builder and service company will remain major shareholder


ECB to comb the books of 16 Spanish banks as part of pan-European examination

Scrutiny to be carried out over 12 months starting in November and will cover 85 percent of the euro-zone banking system


Foreign tourist numbers hit yet another record in September

Overseas arrivals climbed 4.7 percent from the same month in 2012 as Madrid regains its luster

Bank of Spain estimates economy grew 0.1 percent in third quarter

Country emerges from recession after more than two years


IMF warns of corporate loan default problems in Spain, Portugal and Italy

Spanish lenders could face losses of 104 billion euros from bad debt, but have coverage lined up


Central bank links lower wages to PP government’s labor reform

Regulator sees no indication that new rules have led to increase in long-term contracts Economy seen emerging from recession this quarter


Spanish services sector enjoys return to growth for first time in 26 months

Figures add weight to expected exit from long recession in the third quarter


Spain’s manufacturing output rises for first time in 28 months

Recovery attributed to stronger overseas orders


FCC wins 6-billion-euro contract for Riyadh subway

Foreign deal is second biggest ever awarded to a Spanish builder