After the “war” between Atlantia and ACS for Abertis, now a new counter-bid could be launched to the Spanish market: the one of NH Hoteles’ leading shareholder, China’s HNA (with 28.2% of capital), for the hotel chain which improves on that made by Barceló.
In the last few months, we have witnessed a worrying downward revision to US savings rates, in addition to the clear declining trend in savings. If US households don’t dedicate part of the resources freed up by the government’s planned tax reform to savings, we will be facing some very bad news.
Today’s Cyber Monday online shopping holidays are “perfectly suited to todays’ connected consumer”, according to AXA IM expert Jeremy Gleeson. Forecasts suggest that consumers will spend even more cash this Cyber Monday than previous year.
ECB | When consumers are asked which means of payment they prefer, a larger share report to prefer cards rather than cash – despite the fact that they use cash more often. This contradiction may be explained by the fact that nearly two- thirds of the transactions conducted at POS in 2016 were below €15.
Chittaranjan Kaul via Fair Observer | This is the century of creating knowledge, not receiving knowledge.
Endesa’s new strategy will improve the group’s long-term visibility and allow dividends to be sustained thanks to its robust cash generation. A minimum dividend of 1,32 eur/share in 2017 and 1,33 eur/share in 2018 has been confirmed. This implies a dividend yield 2018 estimated of 7% (higher than the sector average of 5%).
A recent report by Eurostat revealed that SMEs in Europe generate half of intra-European trade. These companies provide up to 249 jobs each and drive the economy.
Andrew Sheng via Caixin | With financial markets still going gangbusters, one needs to ask whether the global financial crisis is truly over, or if we are on the brink of another crisis. What are the main effects of a balance sheet crisis?
The Financial Stability Board (FSB) has updated its list of global systemic banks and Santander remains the only Spanish bank in the new classification.
Spain’s agricultural sector generated 46.8 billion euros in 2016, 12% of the total for the European Union (EU), making the country the fourth biggest producer, according to figures published on Wednesday by Eurostat.