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Spanish banker charged with corruption is free on bail

Madrid, May 17 (EFE).- Miguel Blesa, former chairman of Spanish savings bank Caja Madrid, was released on bail of 2.5 million euros ($3.2 million) Friday after spending a day in custody on charges related to the acquisition of the City National Bank of Florida. Blesa was chairman in 2008 when Caja Madrid announced the purchase of 83 percent of City National for $927 million, though he had left the post by the time Caja agreed two years later to buy the remaining 17 percent of the U.S. institution for an additional $190 million.

Top Spain banker bailed in crisis probe

The former head of Spanish bank Caja Madrid became the first top banker to spend time in jail over alleged mismanagement in the financial crisis, officials said on Friday. Miguel Blesa, 65, who has links to senior members of Spain's governing Popular Party, was held overnight in a Madrid jail and came out on Friday after putting up 2.5 million euros ($3.2 million) in bail, a prisons service official told AFP.

Business group: Spain a gateway to LatAm market

Tokyo, May 17 (EFE).- The Spanish Business Council for Competitiveness, or CEC, brought its "Spain: A Land of Opportunities" report to the Japanese capital on Friday, presenting the Iberian nation as an attractive investment destination and a gateway to the Latin American market. It is easier to do business in Latin America, where Japanese companies are making a big push in areas such as energy, mining and infrastructure, "with the support of large Spanish companies" already well entrenched in that region, CEC executive director Fernando Casado said.

Football: Barca's Pedro targeting 100 points

Barcelona winger Pedro Rodriguez has claimed he and his teammates are targeting Real Madrid's league record of 100 points after sealing the title last weekend. The Catalans were handed their 22nd league crown when Madrid could only manage a 1-1 draw with Espanyol, but they stayed on course for a century of points with a late come from behind win at Atletico Madrid 24 hours later. And with nothing else left to play for this season, Pedro said winning their last three games to match Madrid's treasured total from last season can be a motivating factor.

Spanish banker faces jail in connection with U.S. acquisition

Madrid, May 16 (EFE).- A Spanish judge on Thursday ordered the arrest of Miguel Blesa, former chairman of Spanish savings bank Caja Madrid, for alleged irregularities in the acquisition of the City National Bank of Florida. Blesa was chairman in 2008 when Caja Madrid announced the purchase of 83 percent of City National for $927 million, though he had left the post by the time Caja agreed two years later to buy the remaining 17 percent of the U.S. institution for an additional $190 million.

Dutch-American sociologist wins Spanish social sciences prize

Oviedo, Spain, May 15 (EFE).- Dutch-American sociologist Saskia Sassen, known for coining the term "global city," was named here Wednesday at this year's recipient of Spain's Prince of Asturias Award for Social Sciences. An internationally renowned expert in urban sociology and globalization, Sassen was one of two finalists for the prize along with American economist Paul Romer and became just the third woman to receive this honor after former Irish President Mary Robinson and American philosopher Martha Nussbaum.

Spain achieves 1st-ever monthly trade surplus

Brussels, May 14 (EFE).- Spain achieved in March its first monthly trade surplus since records have been kept, the country's economy minister said here Tuesday. At a press conference after the meeting of European Union economy chiefs, Luis de Guindos said that once the calculations are complete, the surplus will come out to more than 600 million euros ($776.5 million). The trade figure is a "sign supporting the improvement of the Spanish foreign sector," he said.

Spanish court calls top bank chairmen in Bankia probe

By Emma Pinedo MADRID (Reuters) - A Spanish court has called the chairmen of the country's top three banks to testify as witnesses in an investigation into the 2011 initial public offering of lender Bankia <BKIA.MC>, which later had to be bailed out by the taxpayer. Santander <SAN.MC> chairman Emilio Botin, BBVA <BBVA.MC> chairman Francisco Gonzalez, and Caixabank <CABK.MC> chairman Isidro Faine are due to appear in court on May 24, a High Court spokeswoman said on Wednesday.

Austrian filmmaker Haneke wins top Spanish arts prize

Austrian filmmaker Michael Haneke won one of Spain's highest honours, the Prince of Asturias prize for arts, on Thursday. The 71-year-old's latest film "Amour", about a couple trying to come to terms with sickness and old age, won the Oscar for best foreign movie in February after winning the Palme d'Or at the Cannes Film Festival last year. Haneke beat Cuban choreographer Carlos Acosta Quesada, Serbian artist Marina Abramovic, Estonian composer Arvo Part and US painter Bruce Nauman in the race for the prize worth 50,000 euros ($65,000 dollars).

Spanish gov't, business woo investors on Wall Street

New York, May 10 (EFE).- Representatives of the Spanish government and some of the Iberian nation's corporate heavyweights were on hand here Friday for the Spain Economic Forum, held at the headquarters of Nasdaq. "The principal challenge of the Spanish economy in this difficult situation is to recover confidence in the capacity to grow in the framework of (European) monetary union," Jose Luis Malo de Malina, Managing Director for Economics, Statistics and Research at the Banco de España, told around 150 investors and analysts.
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