Nick Ottens via The Atlantic Sentinel | Brexit fundamentalists scored another victory on Wednesday, when the United Kingdom began the process of withdrawing from the European Union without a plan for what comes next.
James Alexander | Scott Sumner wrote an interesting blog post on his vision of macro. It is a useful way of seeing where Scott stands today. However, we were puzzled. Should unemployment really be the centerpiece variable or should it be stable nominal spending growth at an appropriate level?
D-Day for the United Kingdom has arrived. Theresa May will trigger Article 50, starting the divorce from the European Union. Against this backdrop, the PM is facing the threat of a second separation on the domestic front, namely from Scotland, which is not resigned to leaving the EU.
Spanish automotives parts’ manufacturer Gestamp will make its stock market listing on April 7. The preliminary price range is 5,60-6,70 euros, which values the company at 3.540 billion euros at the middle range. The operation will be positive for the Spanish bourse, where there are not a lot of industrial companies.
Xu Bin and Zhou Dongsheng via Caixin | Comparing this year’s results of the China Europe International Business School (CEIBS) Business in China Survey with those from the last seven years shows what Chinese and foreign executives who are doing business in China think about issues such as overcapacity, the effectiveness of the Shanghai Free Trade Zone, and the government’s efforts at economic reform.
Analysts at Carax- Alphavalue have been holding sceptical views as a rule about the benefits of holding stakes in companies held by families or under their influence. However they may have to change their mind thanks to a couple of charts of the relative performance of a universe made of 104 stocks tagged as “under family influence”. They hence provides a list of “family” stocks with a significant upside potential, which includes Spanish Corporación Financiera Alba ranking first, and Acciona fourth.
Nick Malkoutzis via Macropolis | When Alexis Tsipras visited New York last year to speak at the UN Assembly, he held a meeting with some heavyweights of the international investment community. The Greek PM was reportedly advised that if he wanted to build trust in Greece as an attractive investment destination, he should shift focus from his main objective of debt relief towards ensuring Greece’s participation in the ECB’s QE programme.
All European Union members except the UK are meeting today in Rome to celebrate the 60th anniversary of the so considered seed of their club: The treaty of Rome. An event with a bittersweet taste however since the participants will start designing a common strategy on Brexit, the first exit of a member state.
The merger of Gamesa with Siemens’ wind energy business will be effective from the beginning of April and within the next twelve working days the companies will pay an extraordinary gross dividend of 3,59 euros per share.
Aena has said that the airlines have increased their seating capacity in planes heading for Spanish airports this summer to 204,7 million, a rise of 8.7% from a year ago.