The Popular Bank today announced the sale of 51% of its Internet bank, Banco Popular-e operation which will, according to financial sources, a gain of 2,000 million euros. According to Reuters today confirmed the above sources, who did not specify what the purchasing entity, with that amount the Popular will have capital to meet the [...]

Repsol will invest 19,100 million euros between now and 2016, with the goal of nearly doubling its profit at the end of the period, with significant growth of the Exploration and Production (Upstream) and maximizing the returns to Refining and Marketing (Downstream). In a statement to the National Securities Market Commission (CNMV), the oil company [...]

Seoul’s stock market closed the day today with a significant increase, attributed to the confidence of investors in the shares of South Korean conglomerates and despite the uncertainties raised by the European debt crisis. The Kospi benchmark rose 25.74 points, or 1.41 percent, to 1849.91 units in a session in which they moved 3,130 million [...]

The unemployment rate rose slightly in Japan in April to stand at 4.6 percent, said today the Ministry of Internal Affairs and Communications Nippon. This represents an increase of about one tenth the rate of 4.5 percent registered in March. Meanwhile, the number of people with a job was 62,750,000, representing a decrease of 0.4 [...]

The Government does not want the rescue of Bankia increase the deficit, and it will finance the injection of 19,000 million debt to be issued by the Treasury or the Bank Restructuring Fund (FROB), told a government sources. Prime Minister himself, Mariano Rajoy, made clear today in a statement to the press, that the bailout [...]

Minister of Foreign Affairs and Cooperation, Jose Manuel Garcia-Margallo, said today he is “not certain” that Spain will seek assistance from the European rescue fund for banks and that the priority now is to ensure financial stability and Spanish savings. Garcia-Margallo pointed out that is not yet defined what the formula to preserve the financial [...]

The Prime Minister, Mariano Rajoy, has ruled today that there will be “no ransom” to the Spanish bank, has justified the nationalization of Bankia that the alternative was to “let it fail” and has asked the European Union a “clear message “that the euro is irreversible. Rajoy has seized the meeting of the PP National [...]

The president of Unicaja, Braulio Medel, said today that the millions of euros needed to sanitize Bankia “a milestone in the history of the Spanish financial system.” “It is obvious” that it is a “complex situation” (the Bankia), but “speak from another entity in the same sector is not very relevant,” he added Medel to [...]

The Prime Minister, Mariano Rajoy, has today called on the EU to “dispel any doubts about the euro” and make it clear that it is an “irreversible project” which, in his view, has to move forward towards greater fiscal integration, monetary and political. At a press conference following the meeting of the PP National Executive [...]