spain

Ruling Convergence and Union brought down to 50 seats from 62 in the 13-seat assembly.

Pro-independence parties likely to gain majority in the 135-seat assembly.

Nikkei gains 0.04 percent while KOSPI closes 0.23 percent up. Hang Seng and Shanghai indices also end trade at 1.20 and 0.37 percent higher.

Anti-austerity protests are expected to disrupt public life and restrict transport links across the continent.

IAG plans to raise profits by at least €600m with restructuring plan.

Banking union wants single supervisor under ECB but Germany prefers political union to tackle the region’s crisis.

Nikkei jumped 1.21 percent while KOSPI ended 0.70 percent higher. Shanghai Composite Index and Hang Seng were up 0.32 and 0.99 percent.

Moody's affirms the investment grade rating of Spain at Baa3, one notch above junk status.

Nikkei gains 1.44 percent while KOSPI is up 0.83 percent. Hang Seng ends 0..28 percent. Shanghai Composite index ends flat

Several emerging economies welcome new policy, but Germany opposes it.

S&P cites deepening recession and limited options before government to deal with the crisis as reasons for downgrade.

South Korea's KOSPI down 0.67 percent while Shanghai Composite Index and Hang Seng fall 0.56 and 0.74 percent.

Asian markets continue to gain on US economic data and ECB's willingness to support crisis-hit European nations.

The heavy rains, forecast to continue through the weekend, come after the recent spell of severe drought and wildfires.

Shanghai Composite Index rises 1.45 percent while Hong Kong's Hang Seng gains 0.38 percent.

Protesters say people are already reeling under hikes and cuts introduced in July.

Anonymous, which claims to have taken down Spanish police website, says government has failed to serve interests of the people.

IAG revises its full-year guidance to a "small loss" due to economic conditions in its Spanish home market and soaring fuel costs.

Eurozone finance ministers also extend deadline for correction of excessive deficit by one year to 2014 for Spain.

European leaders agree to take action against spiralling borrowing costs of Spain and Italy.

New Democracy, Pasok and Syriza, all try to make political capital out of Spain's bailout.

The MSCI Asia Pacific index, Hong Kong's Hang Seng and China's Shanghai Composite index all witnessed rises.

German banks and the German branches of foreign lenders record a surge in deposits due to the banking crisis in the euro area.

Australia's economy grew 1.3 percent in the first quarter of the year and recorded a 4.3 percent year-on-year growth.

Spain's fate in the euro area would top the agenda of discussions at the G7 emergency conference call.

Bankia and parent company BFA plan to sell its holdings in IAG and other companies to raise much-needed capital.

Apart from eurozone crisis, the summit concentrated on a whole range of issues including Afghanistan and Iran.

Leaders stress importance of cohesive eurozone and the need for Greece's continuation in the bloc.

Euro is treading in negative territory due to concerns of Greece crisis contagion.

From the eurozone crisis to Afghanistan, Syria and rising global oil rises are likely to figure at the summit.