Caixabank CEO warns banking tax will reduce volume of credit and make it more expensive

Link Securities | Caixabank (CABK) informed the National Securities Market Commission (CNMV) that the rating agency Fitch Ratings Europe Limited (Fitch) has upgraded the following credit ratings of the Bank: Long-term issuer rating to A- from BBB+. Senior preferred debt rating to A from A-. Non-preferred senior debt rating to A- from BBB+. Subordinated Tier 2 debt rating to BBB from BBB-. Derivatives counterparty rating to A(dcr) from A-(dcr). Long-term…

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Crédito y CauciónCrédito y Caución
alemania empleo agencia

Eurozone unemployment rate remains at record low of 6.3% in October

Bankinter: The October Unemployment Rate repeats at 6.3%, as expected. No surprises and no market impact. In any case, it is an excellent historical low level within a slightly downward trend during the last years. Eurostat estimates that in October 10.841 million people were unemployed in the Eurozone. Compared to September, unemployment decreased by 3,000 people in the Eurozone. Compared to October 2023, unemployment decreased by 411,000. By Eurozone countries,…

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Banner CIR, junio 2022

China EEUU choque

US launches third package of microchip restrictions, China bans export of certain rare earths and key minerals

Banca March: In the intensifying trade disputes between China and the US, the US has launched the third package of microchip restrictions and China has responded by banning the export of certain rare earths and key minerals. The Asian giant has focused its retaliation on blocking shipments of gallium, germanium, antimony and graphite to the United States. Germanium is used in semiconductors, infrared technology, fibre optic cables and solar cells….

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interviews

ElenaJimenezdeAndrade

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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Isabel Dutilh

“European funds are not reaching companies. There is total inefficiency”

Isabel Dutilh, director of Elecnor, Banco Alcalá and Millenium Real State explains in an interview with Mari Pinardo in the magazine Consejeros that “Europe has to have control of the funds and this requires a certain amount of bureaucracy, but in the end it is so much bureaucracy that it generates frustration and people give up applying for them”. Q – There are continuous and constant legislative changes, what do…

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