Knowledge Wharton via Fair Observer | China is the world’s biggest market for electric vehicles — and conditions are ripe for a shakeout.
After five months of negotiations, Unicaja and Liberbank have decided not to merge and to continue apart. Liberbank has announced that its Board has concluded that the contacts with Unicaja on a possible merger are over after not being able to reach agreement on the share of shares in the new entity.
Renta 4 | Repsol Downstream investors’ day showed not only the firm’s resilience but also its capacity for future growth. We recall that within its growth target for operational cash flow from 4.6 Bn€ in 2017 to 6.5 Bn€ in 2020 at 50%/b, Downstream cash flow would grow 800 M€: 300 M€ from international margins, 200 M€ from improvements in profitability from greater efficiency and 300 M€ from expansion and new low carbon business preparing for the energy transition.Read More
Joan Tapia ( Barcelona) | The Spanish economy is doing somewhat better than expected, but both the slowdown and the extent to which governability depends on Podemos are worrying. We have spent weeks talking about the slowdown, but in the end GDP growth for the first quarter was 0.7%, compared to 0.6% in the last quarter of 2018 and 0.5% in the quarter before that.Read More