Santander is known as the largest bank of Spain and is all set to raise an amount up to $4.3 billion by contributing 24.9% of Santander Mexico (SANMEXB. MX) in Mexico and the United States.
Aiming to help the bank fasten up its operations in the ill Spanish economy, Spain's Banco Santander (SAN. MC) is trying to raise more than $4 billion with its dual-country offering in regard of its Mexican unit's shares.
The growing rate of unemployment in Spain is posing huge challenges in front of the government. There are many people in Spain who are living over an income of just 400 Euros. The recession and financial turmoil in the nation has left many families with joblessness.
To meet their end, many families are picking up food and fruits left in the trash in the markets. Besides, many are relying over charities for their daily meals. According to Catholic charity, Caritas, this year about one million Spaniards have been fed by the charity.
The rates of Brent crude have gone down by $110 per barrel. The rates have been lowed with aim of boosting the demand of the crude in the global market. Recession and financial turmoil are being faced by many countries.
Because of growing debts, many countries have already lowered their crude consumption. Spain and Greece have been coming up with austerity plans to deal with the debts. However, recent anti-austerity campaign has put the county at tough position. If the austerity plans are put forth timely then the debt crisis of 2007 will again be experienced by the country.
Paris Hilton had amazed one and all, when she broadcasted on the World Wide Web, her audio recording berating the gay community, a report has unveiled lately. But, her pals are apparently making efforts to defend her.
It is known that most of the gays have AIDS and knowingly or unknowingly, they many times do not use condoms. The same in turn spreads the infection even more. Paris's homophobia had criticized the same.
Thursday was that day in past few months, when money at the lowest rates was borrowed by Spain's business leaders, a recent report has revealed.
Besides, the country has also asked the government to ask the European Central Bank for help. Since, it wants no more rises in the interest rates, as per the findings. Though, the nation has been doing so for it believes that lack of help from the ECB may contribute to short-life of the lower rates.
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