CaixaBank is one of the two Catalan banks which recently moved its headquarters and its fiscal centre from Barcelona to Valencia, due to the p0litical crisis in Catalonia. In the first nine months of 2017, the lender obtained net attributable profit of 1.488 billion euros (up 53.4% from September last year), and its largest quarterly profit, with 649 million euros.
According to market sources, Tecnicas Reunidas has presented the most competitive offer to construct two gas projects tendered by Saudi Aramco. Other companies involved in the bid are Saipem and Samsung E&C. The result could be announced at the beginning of November.
Jens Bastian via Macropolis | China is rather a newcomer to the region of southeast Europe. Compared to other countries and multilateral institutions – such as Russia, the European Commission or the EBRD – China is starting almost 30 years after the Fall of the Berlin Wall to establish a footprint in the region
Liberbank has signed a binding agreement to set up a company with Bain Capital Credit and Oceanwood. The aim will be to administer, develop and dispose of a portfolio of foreclosed property assets belonging to the LBK group.
Hochtief has launched a €18.76 cash or share offer on Abertis, raising speculation around a potential price war between Atlantia and Hochtief.
Nick Ottens via Atlantic Sentinel | When Greece resisted demands for spending cuts from its creditors last year, Prime Minister Alexis Tsipras appealed to the president of the European Council, Donald Tusk, for talks with the other 27 heads of government. Theresa May clearly hasn’t learned Tsipras’ lesson.
Hay Derecho Joven Editors and Javier Cuairán García) | While Mr. Jordi Sánchez, president of the Assamblea Nacional Catalana, and Mr. Jordi Cuixart, president of the Ómnium Cultural, known as the Jordis were sent to preventive prison without bail, Josep Lluís Trapero, the Mayor of the Catalan police Mossos, was granted provisional liberty without bail.
The IMF has just upped its forecast for global growth by one-tenth of a percentage point to 3.6% and 3.7% respectively for this year and the next. The message from the supranational organisation is relatively positive: over 75% of the world is seeing an acceleration in its rate of growth.
For the moment, Russia considers what’s happening in Catalonia as an internal issue and the country’s television channels are focusing on the violence in the region, without getting to the political issue itself. For the time being. Except if the problem stops being a domestic one and – for whatever reason- becomes an international one.
Wang Tao via Caixin | The much-anticipated 19th National Congress of the Communist Party of China began on Wednesday, with its general secretary, Xi Jinping, delivering a quinquennial report setting the tone for the party’s ideology and policy agenda for the coming years.