On Wednesday during its Investor Day in London, Prosegur announced a restructuring, aimed at changing its management model, as well as the possible IPO of its Cash in Transit (CIT) business. This is slated to take place in the first half of 2017.Read More
Spain’s Consumer Price Index (CPI) grew four tenths of a pecent to 0.3% in September from a year earlier, returning to positive territory for the first time this year. The last time inflation moved out of negative territory was in December 2015, when the rate was 0%.
Central bankers deserve praise for salvaging the economy when it was navegating rough waters. The massive liquidity glut they provided undoubtedly saved the day. Yet this funding bonanza seems unable to boost growth. We know that money doesn’t necessarily bring happiness. But now we discover, much to our dismay, that neither does it guarantee a full- steam recovery.
J.L.M. Campuzano (Spanish Banking Association) | You will agree that the messages we are getting from the main central banks fuel more distrust than certainty. The scenario is complex. And part of this complexity comes precisely from the current uncertainty which translates into a greater correlation between the financial markets and assets at a global level.Read More
The hypothesis that London may cease to be the financial capital of the European Union has mobilised other capital cities in the region. Madrid is amongst the capitals which have begun to be put forward as a candidate, but its current political situation, including having a caretaker government for over 300 days, could ruin its chances.Read More