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Andrew Sim
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Andrew Sim

ECONOMY

Spain removed from EU sick list

Andrew Sim|Madrid | 05-03-2014 - 14:47 UTC

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

BUSINESS

Manufacturing sector creates jobs for second month in a row

Andrew Sim|Madrid | 03-03-2014 - 15:50 UTC

Output expected to continue increasing to replace depleted stock

ECONOMY

Spanish economy grew 0.2 percent in last quarter of 2013

Andrew Sim|Madrid | 27-02-2014 - 15:54 UTC

Figure is 0.1 points below initial estimate

ECONOMY

Spanish services sector grows at fastest pace in over six years

Andrew Sim|Madrid | 05-02-2014 - 15:18 UTC

Companies increase staffing levels for first time in 70 months

ECONOMY

Services sector grows at fastest pace since start of economic crisis

Andrew Sim|Madrid | 06-01-2014 - 16:28 UTC

Survey also indicates labor market is showing signs of stabilizing

BUSINESS

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

Andrew Sim|Madrid | 11-12-2013 - 14:38 UTC

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

Bank of Portugal revises projections for local economy upward

Andrew Sim|Madrid | 10-12-2013 - 16:23 UTC

Private consumption expected to grow next year as exports remain strong

ECONOMY

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

Álvaro Romero/Andrew Sim|Madrid | 03-12-2013 - 12:51 UTC

Company credit also slumps to lowest level since 2007

ECONOMY

Spanish manufacturing suffers renewed decline in November

Andrew Sim|Madrid | 02-12-2013 - 14:35 UTC

First contraction in four months highlights “fragility” of sector

ECONOMY

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

El País/Andrew Sim|Madrid | 25-11-2013 - 15:04 UTC

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

ECONOMY

Spanish exports gather pace in September and hit record levels

Andrew Sim|Madrid | 20-11-2013 - 15:24 UTC

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

ECONOMY

Portuguese economy grows for second quarter in a row

Antonio Jiménez Barca/Andrew Sim|Lisbon / Madrid | 14-11-2013 - 16:36 UTC

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

BUSINESS

Mexico’s Sigma launches takeover bid for Campofrío food company

Andrew Sim/Agencies|Madrid | 14-11-2013 - 12:44 UTC

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

ECONOMY

Spain fails Brussels’ economic imbalances probe in five areas

Claudi Pérez/Andrew Sim|Brussels / Madrid | 13-11-2013 - 15:38 UTC

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

TELECOMS

Telefónica sells Czech unit to PPF for 2.5 billion euros

Andrew Sim|Madrid | 05-11-2013 - 15:44 UTC

Spanish telecoms giant to use proceeds to reduce financial debt

EURO-ZONE ECONOMY

Brussels lowers its forecast for Spanish growth in 2014

Claudi Pérez/Andrew Sim|Brussels / Madrid | 05-11-2013 - 15:30 UTC

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

TRAVEL

Madrid court throws out clauses in Ryanair ticket terms

A. S.|Madrid | 24-10-2013 - 14:59 UTC

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

COMPANY RESULTS

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

Andrew Sim/Agencies|Madrid | 24-10-2013 - 12:24 UTC

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

BUSINESS

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

Andrew Sim|Madrid | 23-10-2013 - 15:23 UTC

Spanish builder and service company will remain major shareholder

BANKING SECTOR

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

Andrew Sim|Madrid | 23-10-2013 - 15:17 UTC

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

TOURISM

Foreign tourist numbers hit yet another record in September

Andrew Sim|Madrid | 23-10-2013 - 14:06 UTC

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

Andrew Sim/Agencies|Madrid | 23-10-2013 - 13:24 UTC

Country emerges from recession after more than two years

IMF ANNUAL MEETING

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

Amanda Mars/Andrew Sim|Washington / Madrid | 09-10-2013 - 18:06 UTC

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

ECONOMY

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

Alejandro Bolaños/Andrew Sim|Madrid | 26-09-2013 - 16:15 UTC

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

economy

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

Andrew Sim|Madrid | 05-09-2013 - 12:16 UTC

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

ECONOMY

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

Andrew Sim|Madrid | 02-09-2013 - 13:58 UTC

Recovery attributed to stronger overseas orders

BUSINESS

FCC wins 6-billion-euro contract for Riyadh subway

A. S.|Madrid | 29-07-2013 - 16:29 UTC

Foreign deal is second biggest ever awarded to a Spanish builder

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