Iberdrola USA starts trading on NYSE with a market cap of $11.2 Bn

Iberdrola, Spain’s biggest electricity company, has completed the merger with the US firm UIL and the new group Avantgrid is now trading on the NYSE.

Shares in Iberdrola USA began trading yesterday at 38,75€/share (310 million shares), registering a fall over the day of 6.7% to 36,12€/share in an overall weak session.

Climate Change: A Clear And Present Danger

Atul Singh | Climate change is heating the planet, endangering the lives of billions of human beings and threatening the survival of other species. Therefore, it is little surprise that the 21st session of the Conference of the Parties (COP 21) is taking place in Paris to belatedly address climate change. US President Barack Obama has given a rousing speech outlining “the urgency of the challenge” of climate change.

Catalonia cannot compete with the confidence in Spain

With less than 50 days to go to the general elections, which perhaps may be more decisive than on other occasions, and the Catalan Parliament voting on the start of the secession from Spain, neither economic nor political confidence is faltering.

Greek banks will not need full amount of EU bailout

Athens may need no further than €10 billion to recapitalise its main financial institutions. These are the funds in the Hellenic Financial Stability Fund to cover the sector’s requirements. Looks like in Brussels there is a broader consensus that the figures revealed by the ECB are “encouraging”.