Companies

Banco Popular

Banco Popular In Doubt About Going Ahead With Its ‘Bad Bank’

Emilio Saracho, who will take over the reins of Banco Popular in less than 15 days, may not want to go ahead with Project Sunrise, which consists of setting up a small ‘bad bank’ into which € 6 billion worth of property loans would be transferred. The new chairman may have a Plan B.



Improved SME financing in Europe

As a result of the global financial crisis, funding conditions for SMEs in the peripheral European countries tightened considerably. But following the implementation of expansionary monetary policies, including TLTROs and negative interest rates, has loan activity improved for small businesses in countries like Spain, where they are key drivers for economic growth and job creation.


Abengoa4TC

Moody says continued uncertainty over Abengoa’s viability plan

While acknowledging that Spanish renewable energy and engineering firm Abengoa’s restructuring plan would ease its debt burden, Moody’s has cast doubts over whether it will be successful. Earlier this month, Abengoa reached a debt restructuring deal with its main creditors in an attempt to avoid Spain’s biggest ever bankruptcy. It had been in talks with lenders since November 2015 to reduce its over 9 billion euros debt pile.

 


amazon3TC

Intangible assets: expansion without productivity?

Some accounting data from US companies offers an interesting reading: there is no doubt that the behaviour of listed companies has changed with the crisis. But what is even more important is that there was a structural change quite a bit before that. US companies are now increasingly less focused on investment in tangible capital and are quickly moving towards capital which is more intangible and/or financial.


Repsol.basic

Sinopec Files 5.5 Bn Dollars Arbitration Notice Against Repsol

Repsol has doubled its recurrent synergies from 220 million dollars annually to 400, thanks to its purchase of Canadian oil firm Talisman. But the transaction has also resulted in a 5.5 billion dollars arbitration notice being served against it by the Chinese company Sinopec.



zara

Zara And Movistar Amongst The Top 100 Names In Terms Of Brand Value

Zara and Movistar are the only two Spanish companies which appear amongst the top 100 in the world in terms of their brand value, according to the ranking “Brandz Top 100” elaborated by consultancy firms Millward Brown and WPP. Google is top of the list, ahead of technology firm Apple.


panama canal

Panama Canal’s Third Lane To Double Capacity

The Third Set Of Locks project will open a third lane of traffic for ships and will increase the  Panama Canal’s capacity in 2016 to 600 milion tonnes transited from 340 million in 2015, while also increasing the number of journeys to over 16,000 from 13,000. This includes ships with bigger capacity, up to 12,000 containers.