WSJ FEATURE Spain Govt Persists With Controversial Immigration Laws News reports in Spain tend to focus on migrants from Africa and their dangerous and desperate attempts to cross the Strait of Gibraltar, but more than half of Spain's illegal immigrants arrive at Madrid's Barajas International Airport, posing as tourists.

FEATURE European Mkts Unfazed By Argentine Default News that Argentina defaulted on a $2.9 billion payment to the International Monetary Fund isn't swaying European convictions that better days are ahead for the Latin American country.

WSJ FEATURE Spain Remittance Market Booms Big Banks Enter Fray When Alberto Fujimori won Peru's presidential election in 1990, Charo Rosario Alcantera was one of many civil servants thrown out of a job and left for Spain. She traded her job as a bilingual secretary at Peru's Interior Ministry for a maid's uniform in Madrid. But soon she spotted another opportunity in Peru.

WSJ FEATURE A Surge Of Latino Immigrants Sustain Spain Cesar Augusto and his cousin decided to visit Spain last year. The two Venezuelans caught a flight from Caracas and arrived on three-month tourist visas. Like thousands before them, they didn't bother returning when the visas expired.

DEALMAKER FEATURE March Family History Explains Alba Investing Police outside Madrid's swanky Palace Hotel recently pushed back a crowd gathered to catch a glimpse of rocker Bruce Springsteen. Inside the hotel, a man whose wealth dwarfs that of "The Boss" went unnoticed.

COLUMN Gas Natural Has Nobody To Blame But Itself If Spain's CNE went for the jugular, Gas Natural (E.GSN) has nobody to blame but itself.

FEATURE Repsol Says It Is Not Planning To Replace Gas Natural CEO Repsol YPF SA (REP) isn't planning to ask Gas Natural SDG SA's (E.GSN) Chief Executive Jose Luis Lopez de Silanes to step down over the gas company's hostile bid for Iberdrola SA (E.IBR), a spokesman for the key Gas Natural shareholder told Dow Jones Newswires Thursday.

COLUMN Gas Natural Bid A Casualty Of Iraq Conflict? Gas Natural's (E.GSN) takeover of Iberdrola (E.IBR) looks to be a casualty of the Iraqi conflict.

COLUMN Gas Natural Pits Catalans Vs Basques Gas Natural's (E.GSN) hostile bid for Iberdrola (E.IBR) exposes a dirty little secret - inside 21st century Spain, old nationalist rivalries are far from dead.

COLUMN BBVA Earnings Too Good To Be True BBVA (BBV) said Thursday that 2002 net profit declined 27%, and the market concluded it was good news. The Spanish bank also said it missed its 2002 target of a 10% decline in net profit, and that, too, was good news.

FEATURE Endesa Latin American Electricity Production Spanish electricity company Endesa SA (ELE) said late Monday that in the first 10 months of 2003 electricity production in Latin America was 35.920 terawatt-hours, up 5.2% from the same period a year ago

FEATURE Repsol Compra Participación Tecpetrol En Campo Venezuela La petrolera hispano-argentina Repsol-YPF S.A. (REP) anunció el martes que ha comprado la participación del 25% del campo petrolífero venezolano de Quiamare La Ceiba que estaba en manos de Tecpetrol.

FEATURE Repsol Reiterates No To Gas Natural Bid For Iberdrola Repsol-YPF SA (REP), the Spanish-Argentine oil and energy company, Wednesday said its board has once again rejected Gas Natural's (E.GSN) stock-and-cash bid to takeover 100% of Iberdrola SA (E.IBR), Spain's second largest utility.

FEATURE Sacyr Bid For Vallehermoso Was In The Cards Privately-owned Spanish real estate company Sacyr Monday admitted what most people already knew - that it is in talks on a takeover of rival Vallehermoso (E.VAL).