Finance news

• Left-wing parties take the lead in Spanish elections

  20-12-2015 23:29 via news.yahoo.com
  
  By Angus Berwick and Paul Day MADRID (Reuters) - Left-wing parties are close to winning an absolute majority of parliamentary seats in Spain's general election Sunday, preliminary results showed, likely scuppering Prime Minister Mariano Rajoy's chances of winning a second term for the People's Party (PP). Despite garnering the most votes, the center-right PP had its worst result ever in a general election as Spaniards hurt by a grinding recession and yet to feel an economic recovery turned away
  
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• Spain's ruling conservatives win election, short of majority

  20-12-2015 22:00 via news.yahoo.com
  
  By Adrian Croft and Jesús Aguado MADRID (Reuters) - Prime Minister Mariano Rajoy won Spain's general election on Sunday, exit polls showed, but his center-right party fell short of an absolute majority and will need allies if it is to govern for another four-year term. The Spanish constitution does not set a specific deadline to form a government after the election. Despite garnering the most votes, Rajoy's People's Party (PP) got its worst result ever in a general election, polls showed,
  
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• Irish coalition parties closing in on re-election: poll

  20-12-2015 13:21 via news.yahoo.com
  
  Combined support for Ireland's coalition parties rose above 40 percent in a major opinion poll for the first time in almost two years on Sunday, putting them within striking distance of re-election early next year. With Prime Minister Enda Kenny expected to call elections for late February or early March, his Fine Gael party rose one percentage point to 32 percent in the Sunday Business Post/Red C poll with junior partners Labour up two points to nine percent. Fine Gael has risen steadily all ye
  
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• Spaniards vote in unpredictable national election

  20-12-2015 10:53 via news.yahoo.com
  
  By Julien Toyer and Rodrigo De Miguel MADRID (Reuters) - Spaniards voted on Sunday in a parliamentary election in which newcomer parties are expected to make big gains against the once-dominant conservatives and Socialists, ushering in a new and potentially volatile era of compromise politics. With many people saying they want to shake up a political system they consider corrupt and unable to resolve Spain's economic woes, the outcome is the most uncertain in decades. "I would like things to cha
  
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• Clinton backs Obama's Islamic State strategy in Democratic debate

  20-12-2015 08:34 via news.yahoo.com
  
  By John Whitesides and Luciana Lopez MANCHESTER, N.H. (Reuters) - U.S. Democratic presidential front-runner Hillary Clinton backed elements of President Barack Obama's strategy to fight Islamic State militants in a debate on Saturday in which she clashed with top rival Bernie Sanders over national security and the economy. Clinton came under fire from Republicans even before the debate was over for optimistically saying "we now finally are where we need to be" in Syria, and was criticized by San
  
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• Mozambique's economy drifts on to the rocks

  20-12-2015 05:34 via news.yahoo.com
  
  Maputo (AFP) - "There'll be no festive season," grumbles a greengrocer in Maputo, the capital of Mozambique, where the economy has taken a nosedive and the local currency has hit a historic low against the dollar. Hard times have fallen on the southern African country because of a fall in world prices of raw materials coupled with some much-criticised public spending. "At Zimpeto (a Maputo suburb) where we fetch our supplies, they say that everything has gone up because of the dollar and the ran
  
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• Venezuela food company Polar slams detention of local Pepsi workers

  20-12-2015 04:08 via news.yahoo.com
  
  Several employees of Pepsi-Cola Venezuela have been detained in an "arbitrary" manner after halting operations at one plant for lack of raw materials, according to food company Empresas Polar, which owns the local Pepsi operation. President Nicolas Maduro has routinely accused Polar, the country's largest food and beverage producer, of slowing production or hoarding goods to spur product shortages in the OPEC nation's struggling economy. The company said via Twitter that labor ministry inspector
  
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• Spain goes to the polls in too-close-to-call election

  20-12-2015 01:17 via news.yahoo.com
  
  By Julien Toyer MADRID (Reuters) - Spaniards vote on Sunday in a parliamentary election in which new parties are loosening the grip of the once-dominant conservatives and Socialists, raising the possibility of a new era of consensus politics - or a period of instability. With many people saying they are willing to shake up a political system they consider corrupt and unable to resolve Spain's economic woes, the outcome is the most uncertain in the 40 years since the end of the Franco dictatorshi
  
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