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Latest Spain News

Venezuela takes formal control of nation's third-largest bank - Zibb.com
Company: Banco de Venezuela (BDVNF) The Venezuelan government has taken formal control over the nation's third-largest bank, Banco de Venezuela, formerly owned by Spain's Grupo Santander. 'It was a very good negotiation for both sides ...; it's not a

Spanish bank becomes Venezuelan owned
The Spanish-owned Banco de Venezuela has been taken over by the Venezuelan government. The government has paid a first instalment of US$630 million for the banks shares. The rest of the agreed price of US$1.05 billion will be paid in October and

Chinese oil groups eye stake in Spain's YPF
Chinese oil groups eye stake in Spain?s YPF MADRID: Two giant Chinese oil companies are interested in buying a 30-percent stake in an affiliate of Spanish oil major Repsol, media reported Friday. The China National Petroleum Corp (CNPC) and China

Owners of Mexican day-care center charged in fire (AP)

AP - Federal prosecutors in Mexico say they have obtained nine arrest warrants for the owners and legal representatives of a day care center where a fire killed 48 children.

Aussie Lapierre wins long jump in Madrid
Fabrice Lapierre of Australia used a favourable wind to win the long jump at the Madrid Meet on Saturday, in what was expected to be a duel between Olympic champion Irving Saladino and silver medalist Godfrey Khotso Mokoena. Lapierre, from Quakers Hill

Spain's Lorenzo captures pole for US MotoGP
Jorge Lorenzo took pole position for Sunday's US Grand Prix with a fastest lap of one minute, 21.678 seconds, but ended Saturday's qualifying session with a spectacular spill on which he flipped over his handlebars and landed hard on the track. Spain's

Venezuela takes formal control of nation's third-largest bank
The Venezuelan government has taken formal control over the nation's third-largest bank, Banco de Venezuela, formerly owned by Spain's Grupo Santander.'It was a very good negotiation for both sides ...; it's not a small matter to acquire a bank of the

Independence Day of the Bolivarian Republic of Venezuela
The will celebrated on Sunday. Venezuela shares many similarities with our country. Both are predominantly Roman Catholic countries and former colonies of Spain. The relations between Venezuela and the Philippines began in 1968. Their ties have been

Increasing age of mothers in Spain leads to rise in mortality rates
IMAGE:The evolution of maternal mortality rates in Spain since 1996 shows a 17 percent increase in deaths. A new study examining the evolution of maternal mortality rates in Spain since 1996 shows a 17% increase in deaths. This trend is linked to the

Chavez nationalises Banco de Venezuela
President Hugo Chavez has made a great leap towards increasing democratic control over the economy by nationalising Venezuela's third-largest bank. The government took over Banco de Venezuela after agreeing to pay Spanish privateer Grupo Santander more

Country Information

Spains powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Subsequent failure to embrace the mercantile and industrial revolutions caused the country to fall behind Britain, France, and Germany in economic and political power. Spain remained neutral in World Wars I and II, but suffered through a devastating Civil War (1936-39). In the second half of the 20th century, it has played a catch-up role in the western international community. Continuing concerns are large-scale unemployment and the Basque separatist movement.

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