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Spain urged to come clean on bank bailout plan
The European Union urged Spain on Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and the country's soaring borrowing costs.A European Commission spokesman, Amadeu Altafaj, told Spanish National Radio that the conservative government in Madrid needed to spell out quickly how it plans

IMF: No bailout plans for Spain in the works
The International Monetary Fund says it has not been asked by Spain for a bailout and has not begun preparing one.

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Money market fund assets rise to $2.572 trillion
Total U.S. money market mutual fund assets rose by $7.87 billion to $2.572 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.

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IMF denies it in talks with Spain on funding help

The head of the International Monetary Fund said on Thursday the global lender had not received a request for financial support from Spain and described her meeting with Spain's Deputy Prime Minister

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Oil ends with biggest monthly loss since Dec '08

Crude oil futures dropped on Thursday by more than 1 percent, ending May with their biggest monthly decline in more than three years as bloated U.S. stockpiles and weak economic data added to worries

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Money flies out of Spain, regions pressured