Renfe could be working on opening an office in the US to pursue opportunities to enter the passenger train market. The initiative is part of the public operator´s internationalisation strategy, aimed at securing new sources of income in case of possible losses in the Spanish market when passenegr traffic is opened to competition in 2020.
World’s biggest clothing retailer Inditex reported improved profitability (+2%) for the first three months of its financial year despite negative currency effects.
Ioannis Glinavos via Macropolis | Italy’s political crisis and incoming government brings the European Central Bank back to making unpleasant choices as it tries to balance market risks with charting a path out of never-ending stimulus and crisis response measures.
US corporate debt rose to 45% of GDP at the peak of the Great Financial Crisis that began in 2008 , the same level it reached at the height of the dot.com bubble in 2000/01
Manuel Moreno Capa | “We need to re-think what principles and values we want to manage in the banking sector, and maintain a clear philosophy. We tell our teams that they can not attain their objectives at the cost of principles. The values are most important, and the objectives have to be subordinated to the values of the entity if we want to improve the reputation and image of the banking sector,” explains Bankia’s CEO José Sevilla.
The Swiss population has rejected in a referendum on Sunday, with 74% of votes against, the popular proposal that would have limited the “creation” of money only to the National Bank of Switzerland.
The ECB could announce a short taper to December current week. The central bank has to be consistent if QE is ending this year and, hence, according to BoAML’s analysts it has to send a reaffirming message on three criteria: convergence, confidence, resilience.
Taking on the leadership of the Commonwealth is a boost for the country embattled in precarious Brexit negotiations and trying to reimagine its place in the world.
Carlos Arenillas | On June 10 there will be a referendum in Switzerland, something which is quite usual in this confederate State. But this one is particularly interesting. In this country, famous for its banks, the citizens will be consulted on a very sensitive issue: money.
Repsol´s new strategic plan up to 2020 envisages dedicating 2.5 billion euros to drive the growth in energy businesses with low carbon emissions and a dividend of 1 Euro by 2020. It will use the “scrip dividend” formula, combined with a programme of share buy back.