Word: spain
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...takeovers of Bank Austria by Munich-based HVB, and Unidanmark by Swedish-Finnish lender MeritaNordbanken, banks have preferred to merge with homegrown rivals rather than competitors abroad. Until last week, that is, when the first big European cross-border deal was finally unveiled. Banco Santander Central Hispano, Spain's largest bank, agreed to buy British mortgage lender Abbey National for approximately €13.4 billion, creating Europe's fourth-largest bank in terms of market capitalization. "This is a unique opportunity to enter a very interesting market, which will add diversification, solidity and stability to our future results," Santander chairman Emilio...
...right to have a grille," Sister Veronica says of the Catholic Carmelite order. Their nine Australian and New Zealand monasteries can all be traced back more than eight centuries to a group of hermits living on Mount Carmel, near what is today Haifa, Israel. Four centuries later, in ?vila, Spain, St. Teresa formed the present order in 1562; three centuries after that, in 1885, the Carmel of Angoul?me, France, established a foundation in Dulwich Hill, Sydney. The grille "is not to keep us in, or the world out," insists Sister Veronica. "It's more a statement that says...
...Sachs, director of Columbia University's Earth Institute, estimates that countries hit hardest by the most severe form of malaria have annual economic growth rates 1.3 percentage points lower than those in which malaria is not a serious problem. Sachs points out that the economies of Greece, Portugal and Spain expanded rapidly only after malaria was eradicated in those countries in the 1950s. In other words, fighting malaria is good for business--as many companies with overseas operations have long understood. By the end of this year, Exxon Mobil, which plans to expand activities in the sub-Saharan countries...
...rise in philanthropy helps fill growing funding gaps across Europe. Budget deficits have been on the rise since the 1990s owing to economic downturns and rising health and retirement costs. As a result, France, Spain, Belgium, Britain and Germany have introduced new laws--including bigger tax breaks--that encourage philanthropy. Scheubeck, for one, says the tax changes made the idea of creating his foundation "more interesting...
...less refined dealers "will yell at you or even take your chips away." Asia isn't the only table in the global casino game. Europe, where many countries allow small casino operations, is a new frontier for gaming firms seeking to replicate Vegas-scale entertainment - and profits. In Spain, for instance, property developer Gedeco and French resort operator Groupe Lucien Barrière are collaborating on a hotel-casino complex in the La Mancha region (Don Quixote country) that will also have five restaurants, a 500-seat theater and an 1,800-sq-m conference center. Says Heliodoro Giner, secretary...