Brazil has written a new page of corruption. President Michel Temer was allegedly caught on tape authorizing businessmen to bribe former House Speaker Eduardo Cunha. This new political instability could have the potential to derail ensuing recovery.
Articles by The Corner
Gavin E.L. Hall | After the WannaCry cyber-incident of May 12, comments focused on whether the attack was preventable and if it presents increased vulnerability for public sector organizations. Such analysis does, however, gloss over an essential question: What do we want the role of the government to be?
The possibility of a measured change in the ECB’s language, focused on the analysis of risks and the re-affirmation of its confidence in the recovery scenario, make more sense after seeing the minutes of the central bank’s April meeting. But this change is not expected until after the summer, with the September meeting seen as the big date in the diary.
The Energy Ministry this week held its macro-auction to award installation licences for up to 3.000 MW of renewables plants in Spain. The auction represents an investment of over 3 billion euros and Forestalia, Gas Natural and Endesa ended up with the majority of the MW.
J.L.M. Campuzano (Spanish Banking Association) | At the end of the day, we have zero or negative real long-term interest rates. Why? The most simple answer has to do with the relation between supply and demand. And everything leads us to think that there is more demand than supply in the fixed income markets.
Enel is Spanish Endesa’s main shareholder with a 70% stake. Spain’s Energy, Tourism and Digital Agenda minister, Álvaro Nadal, has accused Enel of “playing politics for the Italians to the detriment of Spanish consumers and workers.”
After a turbulent year in 2016 for Spanish politics and especially for socialist party, the primary election for PSOE will be held next Sunday. The election of candidates had never generated so much interest in the media and the people, but this time is different. The future of declining social democracy across Europe could start clearing in Spain.
Banco Popular said on Tuesday that in the context of the strategic options for the bank unveiled during its AGM, including a combination of businesses, several entities have expressed interest in exploring a possible operation of this kind.
During 1Q17 Spanish Caixabank finished the integration with Portuguese BPI reporting net attributable profit of €403 million, up 47.9% year on year. This resilient stream of revenues coupled with good credit quality are some of the reasons for BBVA’s analysts bet on the stock.
Nick Ottens via Atlantic Sentinel | British prime minister Theresa May has adopted a policy her Conservative predecessor, David Cameron, once described as “nuts”. When the opposition Labour Party proposed to freeze electricity rates in 2013, Cameron, then the Conservative Party leader, ridiculed it.