Business News & Financial News

Spanish economy 9th September 2024

Redeia’s possible transfer of Hispasat’s satellites to Indra could be largest operation of listed companies State has a stake in

Link Securities | The possible transfer of the Spanish satellite group Hispasat to Indra (IDR) by Redeia (RED) could become the largest transaction so far carried out by state-owned companies, which in turn are listed on the stock exchange, according to Expansión newspaper on Monday. This means that, according to legislation (Ley de Sociedades de Capital and other regulations), it could be considered a related-party transaction. This opens the door…

European economy 9th September 2024

ECB approves BBVA’s takeover bid for Sabadell and passes buck to CNMV

Norbolsa | The ECB will not oppose Sabadell’s takeover bid, its analysis being on the solvency of both entities (without entering into competition). The ball is now in the court of the National Securities Market Commission (CNMV), which has 20 days to authorise the operation; this decision could come before the authorisation by the National Markets and Competition Commission (CNMC), which would delay the operation further, implying the entry of…

World economy 7th September 2024

US records largest trade deficit in two years: up +7.9% from previous month to $78.8bn

Intermoney | US foreign trade posted a $78.8 billion deficit in July, which was within our forecast, widening the gap to the highest level in two years, driven by a surge in goods imports. But it also reflected the intention of companies to ensure adequate supply in the face of a possible dock workers’ strike, which led the value of imports of goods and services to rise by 2.1%. And…

“Mercosur is perhaps an idea that people have fallen in love with and are keeping because everyone is too embarrassed to liquidate it”

Fernando Gónzález Urbaneja interviews José Juan Ruiz, president of the Real Instituto Elcano and director of Redeia, in Consejeros, who states that “The intellectual prestige of pessimism is one of the characteristic features of Western civilisation. But, to give an example: in terms of CO2 emissions, everything may be in chaos, people’s perception may be that we have done nothing, but the European reduction in emissions is 32% compared to…

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

“Spain has a good energy plan but if things don’t change, it won’t be fulfilled”

José Bogas, ENDESAS’s CEO, explains in Consejeros magazine that “295,000 million of investment is needed for the period 2021-30, and we have many years ahead of us when when we are not investing at this pace. Of these 295,000 million, 118,000 million are for renewables; 85,000 for energy efficiency, but almost nothing has been done so far; 53,000 for networks, which is more than 5,000 every year and we have…

…in the last week