The Spanish government's successful bond auction Thursday reassured investors, pushing the euro to a one-week high against the dollar. Portugal and Italy also tested the bond market this week with their own auctions. But how much appetite for bonds do investors really have?
Just as the euro has begun recovering from Ireland's meltdown, another financial crisis is brewing in Spain. The country could be headed for a bailout or reorganization, experts say. How low could the euro go?
Telefonica's months-long effort to acquire a controlling stake in Brazil's leading mobile phone company, Vivo, has ended with the Spanish telecom giant ponying up nearly $9.75 billion to acquire full ownership in Brasilcel, which owns 60% of Vivo, from Portugal Telecom.
