By Alicia Garcia Herrero and Jianwei Xu via Caixin | It is not the first time that the world has been caught in the China-U.S. crossfire, but the US protectionist move looks different this time. In fact, they are broader-based both as they involve a much larger number of products and in that they also target the global competition for US companies and not only the US market.Read More
The consortium in which Enagas has a 20% stake, along with the Italian firm Snam (60%) and the Belgian company Fluxys (20%) has won the bid to acquire Greek gas operator DESFA, in its privatisation process, for €535 million (Enagás’ contribution will be around 107 million).
Yesterday, April 19, after being flat for months, with no pulse, the Euribor finally showed signs of life. It moved from the range of -0.190% (average for April) to -0.189%. One basis point.
Repsol is making progress with the preparation of its new strategic plan which it will unveil on June 7. It aims to earmark 2.5-3 billion euros for acquisitions, compared with the 3.82 billion which it will obtain from the sale of its stake in Gas Natural to CVC.
Analysts at BoAML expect Greece to expand by 2% in 2018, with risks becoming more balanced since growth performance has consistently surprised official forecasts to the downside so far. Furthermore, a stronger recovery requires decisive action on debt relief and dealing with bank NPLs.Read More