Spain’s Endesa has sold 100% of its business in Ireland to Scottish and Southern Energy. The operation represents an expansion in market share of 12% for SSE.
Articles by The Corner
Barclays analyst A. Vigil alerts of the many weaknesses of Germany’s economy behind its current standing as ‘Europe’s savior’.
Trade records disappointed, with exports growing just 1%. But expansionary policies continue to boost growth, note analysts at CaixaBank.
Richard Saunders, chief executive at the Investment Management Association, calls for clarity on which entities are or are not ‘shadow banks’. Saunders makes the point that asset managers are not the same as banks because they don’t pose any systemic risk.
Luis Martí, former World Bank director, briefs us about the map of a no-one’s land where the Spanish government seems to be wandering in search of Brussels help to face its financial needs.
The collaborative project aims at halting current “brain drain,” which is “crucial to Europe’s future leadership in technology and innovation,” Telefónica said.
Something common to all euro zone countries is the habitual use of tax avoidance strategies by the wealthy. Ever higher tax rates on large fortunes can now be popular among ordinary taxpayers, but could do more harm to the economy than good, believes Carlos Díaz Guell.
The Atradius Barometer, a survey of B2B suppliers of products and services in North America found that, on average, 5.3% of the value of receivables is written off as uncollectable. This compared to 4.0% one year earlier.
Through subsidiary Ferrovial Agroman, Ferrovial is to build a section of Highway PR-9 in the municipality of Ponce, the second-largest city in Puerto Rico.
BARCELONA | While macroeconomic estimates are revised downwards in Madrid and elsewhere, CaixaBank analysts point the blame finger at the seeming inability of euro zone big deciders to come to terms with the urgent fiscal and banking union.