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Bank of Spain Denies Plans of Stress Test

Spain News - Wed, 04/16/2014 - 14:07

In a recent update, it has been unveiled that the Bank of Spain has no immediate plans to subject Spanish lenders to stress test. A spokesman at the central bank said there is no pre-test.

It was earlier said that the central bank would be carrying out stress test ahead of Europe-wide health checks for the financial majors. It was said that the Bank of Spain would be carrying out preliminary studies on 16 banks with an aim to prepare the lenders for the health checks of the industry in Europe later this year.

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Categories: Spain News

Fitch Ratings for NCG Banco: Mix of Good and Bad

Spain News - Wed, 04/16/2014 - 14:05

Rating results of Fitch Ratings for NCG Banco, S. A. was found to be a mix of positive and negative. Fitch Ratings has rated NCG Banco's Long-term Issuer Default Rating (IDR) at BB+ and Support Rating Floor also BB+.

Its Short-term IDR was at 'B' and NCG's Viability Rating (VR) was increased from BB- to B+. The upgrading of the VR reflects an improvement in the bank's capital adequacy ratios as well as following balance sheet restructuring. But the asset quality was found to remain weak by the Fitch analysts.

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Categories: Spain News

Ronnie Wood’s Stepson Jamie Claims there is still a ‘Question Mark’ over L'Wren Scott’s Death

Spain News - Wed, 04/16/2014 - 14:02

Ronnie Wood's stepson, Jamie Wood, 39, an art gallery owner, said there is still a 'question mark' over the death of L'Wren Scott. She took her own life last month.

Wood said a mystery revolving around the events that took place with Scott in her New York apartment on the day of her death. He further that Sir Mick Jagger will be able to overcome the incident, but eventually.

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Categories: Spain News

Imperial Tobacco to Shift Production of Gauloises and Gitanes to Spain from France

Spain News - Wed, 04/16/2014 - 14:00

Due to France's stringent conditions, increased regulation and taxes, French cigarettes Gauloises and Gitanes will not be manufactured in France anymore. The decision has been taken as a part of Imperial Tobacco's cost cutting measures. The production unit of the brands will be shifted to Spain.

The company informed that by September 2018, the measures will let the company to register annual savings of £300m. Among the measures are restructuring of its European operations. Factories in Nottingham and Nantes will be closed which will lead to an expected loss of 900 jobs.

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Categories: Spain News

Spain, SA and UN Security Council Condemn Monday’s Abuja Bomb Attack

Spain News - Wed, 04/16/2014 - 13:59

The latest Abuja bomb attack that took place on Monday has been termed as unjustifiable. The attack on Nyanya Motor Park has claimed the lives of more than 72 people. Spain, South Africa and the United Nations (UN) Security Council have condemned the incident and commiserated with Nigeria.

Both the countries and the UN council have released separate statements with regard to the incident. They have offered support to the government in the fight against terrorism.

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Categories: Spain News

Graphene – “the wonder material”

UAE News - Wed, 04/16/2014 - 11:58

According to tech-industry experts, Graphene - which is also called "the wonder material" - can revolutionize the electronics industry in the near future. Graphene was discovered 10 years back, and it is the strongest and thinnest material in the world.

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Categories: UAE News

Google Cloud Platform now available in Asia-Pacific region

UAE News - Wed, 04/16/2014 - 11:54

In an April 14 post on the Google Cloud Platform Blog, Google announced the expansion of its Google Cloud Platform services to the Asia-Pacific region, with the launch of its first two Compute Engine zones in the region.

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Categories: UAE News

Ezell Twins to Leave Hospital Today

UAE News - Wed, 04/16/2014 - 11:47

Once conjoined Ezell twins, Owen and Emmitt, now nine months old, will be leaving Medical City Children's Hospital in Dallas on April 16 to enter a rehab facility and then would finally go home.

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Categories: UAE News

Astronomers Observe Strange, Hexagon Structure in Saturn’s Uppermost Clouds

Spain News - Tue, 04/15/2014 - 14:34

NASA's Voyager 1 and 2 space probes passed over Saturn for the first time in 1980 and 1981. The probes, located 1,500 million km from the sun, observed a strange, hexagon-shaped structure in the planet's uppermost clouds surrounding its north pole.

Scientists were able to figure out through the Voyager probes that the clouds were moving quickly inside the hexagon in an enclosed jet stream. Besides, they were being dragged by winds travelling at a speed over 400km/hr.

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Categories: Spain News

Spain Needs 10 Years to Return to Normal Unemployment Level

Spain News - Tue, 04/15/2014 - 14:31

A report has warned that it may take 10 years for Spanish unemployment to return to the normal levels as it was before the financial crisis. The report has drawn a figure of an economy troubled by low wages, low skills and lack of investment in research.

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Categories: Spain News

Madrid to Open Gay and Lesbian Retirement Home

Spain News - Tue, 04/15/2014 - 14:30

Madrid will soon open a retirement home for gay and lesbian pensioners. The 26 December Foundation has developed the home, which is all set to open next year. The home has been built after converting a state-of-the-art hotel in Lavapies.

As far as society was concerned, elderly LGBT don't exist, said Federico Armenteros, president of the 26 December Foundation, which devised the idea of developing a retirement house for gay and lesbian pensioners.

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Categories: Spain News

King Juan Carlos thanks UAE for Keeping Faith in Lasting Strategic Association with Spain

Spain News - Tue, 04/15/2014 - 14:28

King Juan Carlos has welcomed United Arab Emirates to make business ties stronger with Spain. Carlos thanked the UAE for not losing the trust in lasting association with Spain. He added that Spain was badly hit by recession, but the country has now started to emerge and the current growing economy of the country suggests the same.

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Categories: Spain News

Residents of CastrilloMatajudios to Vote for changing Village's Name

Spain News - Tue, 04/15/2014 - 14:26

The mayor of Castrillo Matajudios, or Castrillo'Jew Killer' in English, has proposed a proposal to change the name of the village to what is believed to be its original name, CastrilloMota de Judios (Castrillo Jews Hill). This week, the 60 residents of the village in northern Spain will vote on the proposal.

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Categories: Spain News

Netflix users on Comcast have seen significant speed increases after the companies’ February deal

UAE News - Tue, 04/15/2014 - 13:46

In a report released on Monday, Netflix Inc. has revealed that the streaming speeds for its users on the Comcast network have witnessed a significant increase. The improved performance is essentially a result of Netflix's recent deal which has given Netflix a more direct connection to the Comcast network.

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Categories: UAE News

Pelvic Exercises may Better the Plight of Men Living with Lifelong Premature Ejaculation

UAE News - Tue, 04/15/2014 - 11:43

A new study has come up with good implications for men living with chronic premature ejaculation. Premature ejaculation is a condition where ejaculation occurs within a minute which ruins the sexual pleasure of themselves and their partners because it is not possible to completely enjoy the sexual intercourse within such a small time.

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Categories: UAE News

Infosys reports better-than-expected Q4 results

Stock Watch - Tue, 04/15/2014 - 08:29

Software services exporter Infosys on Monday reported better-than-expected rise in margins and profit for the quarter ended March 31, 2014.

The second largest software services exporter of India announced that its net profit of Rs 2,992 crore for the January to March quarter of FY2014, up 25 per cent from the corresponding quarter of the previous year. Quarter-on-quarter growth in net profit stood at 4 per cent.

Analysts had projected a net profit of Rs 2,835 crore for the company's fourth fiscal quarter.

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Categories: Stock Watch

Diageo announces tender offer for up to 26% stake in USL

Stock Watch - Tue, 04/15/2014 - 08:23

Advancing with its plan to gain majority control over United Spirits Ltd (USL), Diageo Plc on Tuesday announced its plans to launch a tender offer to buy up to 26 per cent more stake in the Indian distiller.

Diageo already holds 28.8 per cent stake in USL and if the just launched open offer is successful, its stake in the Indian firm will soar to more than 54 per cent.

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Categories: Stock Watch

Foreigner succumbs to viral infection in Jeddah

UAE News - Mon, 04/14/2014 - 13:17

In a recent development which has spread alarm among medics in the city of Jeddah a foreigner died due to an infection of a viral kind called Mers.

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Categories: UAE News

Blackberry plans to release ‘Heartbleed’ security patches this week

UAE News - Mon, 04/14/2014 - 12:10

A Reuters report revealed on Sunday that Canadian device maker BlackBerry Ltd. Plans to address vulnerabilities in programs related to the last-week-disclosed 'Heartbleed' security threat. The company has efforts underway to roll out security updates for messaging software for Android and iOS devices by April 18.

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Categories: UAE News

Antonio Banderas Back in Malaga for the Holy Week

Spain News - Mon, 04/14/2014 - 11:57

Antonio Banderas has returned to his home town Malaga for the Holy Week. Antonio said that he enjoys his time in the region and will get some rest from his busy schedule.

He will take part in the Easter Holy Week processions. The local simply love him and he likes to spend time in his native place.

Banderas took lead in the Sunday procession as an administrator. He roams in the city with a hood sometimes to avoid attention from the locals.

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Categories: Spain News

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