Spain

Slim, Or The Art Of Buying At Bargain Prices

F. Barciela / F.G. Ljubetic | The bios about Carlos Slim, the third richest man in the world according to Forbes, are very clear about the origins of his fortune. He made the most of his money during the peso crisis by acquiring several blocks of shares in the biggest Mexican companies at a bargain prices. This is how he will acquire FCC, one of the biggest Spanish construction firms, for just…7.6 euros per share.



Consumer spending in Spain outpaces eurozone

The figures issued by the Bank of Spain have confirmed what we could already see with the naked eye; namely that Spaniards are losing their fear of the future and spending again. After several years of austerity, the consumers in Spain have gradually loosened their purse strings over the past year. And to such an extent that consumer spending rose 3.1% in 2015, almost tripling the 1.2% registered a year earlier.




Spanish public debt

Fiscal rectitude lags behind in Spain

Spain’s public deficit ranks as the highest one in the eurozone, with the exception of Cyprus. Up to now, a set of exceptional circumstances has allowed for a stance of benign neglect at visible cost. But dangers loom ahead if fiscal rectitude is not firmly enforced.



1 million new jobs in Spain?

MADRID | Sean Duffy | Yesterday brought positive data on the housing front and on job creation, with Spanish bank BBVA prediciting the economy will reap considerable benefits from the falling oil price.

 


Foreign money comes back to Spain

MADRID | By Fernando Barciela | Last year, according to the World Investment Report 2014 by the UNCTAD, Spain received more foreign direct investment (FDI) than countries as the United Kingdom, Germany or Holland: up to $39,167 billion (52.4% more than in 2012). Who are boosting the investment activity? The so-called vulture funds are the ones that first noticed Spain’s “possibilities”: Lone Star, Cerberus, Burlington, GreenOak, Colony, Fortress or H.I.G –most of them North Americans.


No Picture

Norway bets on Spain

MADRID | The Corner | The Norway Government Pension Fund Global (GPFG) is the World’s biggest sovereign wealth fund. Managed by an investment unit of the central bank (NBIM) it counts with $900 billion under management, focusing on Europe. Lately its interest in Spain goes beyond the usual sectors: financial, construction and energy.