Telefónica, Germany’s SAP Create An Alliance To Host A Large Private Cloud In Spain

Telefónica and SAP Spain have announced an agreement to promote business cloud computing services, both in the form of private cloud from Telefónica’s Infrastructures as a Service in Madrid (IaaS), and in the public cloud (SaaS). Amongst the main milestones of the partnership between the two firms is the conversion of Telefónica’s data centre into the first in Spain to offer private SAP cloud services.

Empty-Handed BoJ To Set The Tone For A Mildly Strengthened JPY

Olivia Álvarez (Monex Europe) | The USDJPY pair has remained broadly range – bound after central banks aggressively intervened to stabilise financial markets from the sharp moves triggered by the outbreak of the pandemic. The pair’s range during the onset of the virus widened to nearly 10% between the end of February and mid – March. USDJPY volatility has since subsided, with the range falling to a maximum of 3.5 % after April to date

Enagás And BP Join Forces To Boost Promotion Of LNG And CNG In Transport And Renewable Gases

Enagás and BP Oil España have signed an agreement to promote emission reduction projects in Spain. Their objective is to boost the role of renewable gases in the energy mix, helping to reduce the carbon footprint. So Enagás, through its subsidiary Scale Gas, will roll out LNG and CNG sale points in BP’s filling stations’ network, promoting the use of a low emission energy source as fuel in the automotive sector.

BBVA Bets On US Market With The Opening Of 15 New Branches In Texas

These branches, which have already received the relevant opening authorisations, are part of BBVA USA’s five-year strategic plan announced a few months ago. “Although the Covid-19 pandemic has accelerated the migration of operations from branches to digital channels, in the short term and perhaps beyond, the truth is that banking is a people business,” said Larry Franco, head of retail banking for BBVA USA.

Eight Spanish banks brands amongst the 500 most valued worldwide

Ibex Banks’ Capitalization Has Dropped 40% in the first semester 2020

The market capitalisation of Spain’s six leading banks has slumped by approximately 53.11 billion euros. All the lenders recorded declines in their share prices, which ranged from 39.3% for CaixaBank to 54.9% for Banco Sabadell. The combined market capitalization of the six banks at the end of the first half was 76.398 billion euros, compared to 129.509 billion end-2019.

Amadeus will join other six Spanish companies in the Eurozone's index

Amadeus Obtains €200 M EIB Loan For Innovation In The Tourism Sector

Amadeus continues to raise financing in the current difficult situation. The EIB’s loan’s principal will be used to finance research and development activities for a variety of new technology solutions for airlines, airports, travel agencies and railways. The company will carry out this R&D in 2020-2021.

gold can be considered a sound currency, as the "ultimate means of payment".

The Gold Rally Continues

Carsten Menke, Head Next Generation Research, Julius Baer | The gold rally continues. Prices pushed higher yesterday, approaching USD 1,800 per ounce for the first time since 2011. Looking back, there were just 26 days in gold’s history on which it traded above that level, almost all of them occurring in August and September 2011, i.e. during the eurozone debt crisis. Holdings of physically backed gold products, our preferred gauge of safe-haven demand, recorded 95 tonnes of inflows in June, taking the year-to-date total to more than 710 tonnes. These are the biggest inflows ever. 

Inmobiliaria Colonial and the socimi Axiare merger

Office rentals Socimi Colonial Recorded No “Significant” Rental Defaults In April And May

Colonial has limited the impact of the coronavirus crisis to 2% of the total rent it charges for its office buildings. Depending on how the situation evolves, this percentage could rise to a maximum of 6% for the year as a whole, according to chairman Juan José Brugera. This rate is equivalent to about 21 million euros, in virtue of the 352 million euros in rental income recorded in 2019.

Why Is Iberdrola Not Part Of The New iTraxx ESG index?

Santander Corporate & Investment | The launch of the MSCI ESG Screened Europe iTraxx Index, based on the MSCI iTraxx Europe Series 33 Index and the application of three MSCI filters, took place with great fanfare on June 21. Enel and Iberdrola have AAA ratings from MSCI for their ESG (environmental, social and governance) characteristics, but they have presumably been excluded from the index because of their involvement in nuclear and coal-fired energy production.

Fitch Lowers BBVA’s Long-Term Senior Debt Rating By One Notch To A –

The main reasons for the downgrade are the economic deterioration in the regions where the bank is present, especially Mexico and Spain. However, it also flags that even after losing a rating notch, BBVA has sufficient financial cushion, geographical diversification and a good competitive position in its reference markets to avoid being affected by new downward revisions in the short term.