Spain's Telefónica takes the pain
Recovery has necessitated thousands of job cuts, cutting subsidies for handset upgrades, a sharply reduced dividend and disposals
Financial Times
Spain reveals €100bn capital flight
Spain reveals €100bn capital flight
The ECB president presses for the regulation of Europe's most important banks to be taken out of the hands of national supervisors
Gunvor buys second Petroplus refinery
Gunvor buys second Petroplus refinery
Swiss-based trader says it has signed agreement to acquire assets of 100,000bpd Ingolstadt plant and related German marketing activities
