Meliá Hotels to build, operate five Innside in Chile
MADRID | The Innside hotels respond to increasing demand from discerning and sophisticated city travellers prompted by the country’s economic growth.
Articles by The Corner
About the Author
The Corner
The Corner
Time to end private credit creation?
LONDON | by Alex Biddle | A British Investment Bank would not stop boom and bust as such, but would be able to ensure that productive businesses get credit in the most difficult of times.
US minority shareholders invest €1,5 billion in Repsol
MADRID | By Julia Pastor | Repsol’s sites in the United States will receive 30% of almost €3 billion total investment, followed by Brazil, which will be assigned 21%.
Santander Asset Management joined by Warburg Pincus, General Atlantic to expand
MADRID | Santander Asset Management will compete with the leading international asset managers and expects to double its business volume in five years. It will also play an active role in the industry’s consolidation.
“Germany still refuses to investigate its smaller banks”
MADRID | By Julia Pastor | Luis Benguerel at Interbrokers: “Everybody knows the weaknesses of the German banks, which still hold some 2007 US subprime credit.”
The rate of Spanish fiscal consolidation slackens but not the effort
BARCELONA | A fiscal effort of 4.4 p.p. should be enough to reduce the deficit by 0.7 percentage points, down to 6.3% of GDP. Given that the effect of the temporary measures is 1.0 p.p., the measures announced might even offset the effect of economic deterioration.
Investors, Latin America’s Pacific Alliance is here to stay
MADRID |By Carlos Álvaro at Capital Madrid | Latin America’s Pacific Alliance is meeting this week in Colombia. For Spain, it might be a gateway to Asian markets that could bring some hope in times of crisis. Many analysts also consider it “the new Brazil”, the best option for foreign investors who want to enter the juicy Latin American market.
Visa, Mastercard ask justice to rule their rates legal
MADRID | By Irene Matías | The world’s largest payment networks asked a federal judge in the U.S. District Court in Manhattan to rule that their practices for setting fees paid by merchants who accept credit and debit cards aren’t anticompetitive. Large retailers such as Wal-Mart Stores, Starbucks and Gap refuse any settlement and may bring additional lawsuits against the payment networks. But on top of all of this the real loser are the consumers.
China-Germany relations: dream team or pipe dream?
Angela Merkel refuses to levy tariffs of 47% on Chinese solar panel imports because she fears damaging China-Germany relations and being shut out of its market. However, in Ray Kwong’s view, Berlin is too dependent on China’s economic engine, which could crack anytime due to territorial conflicts, too-rapid expansion of credit, lax environmental oversight, widening discontent among the population and many other legitimate problems.
Who’s talking about human cloning?
VALENCIA | By Lucía Sapiña | Recent research has reopened the ethical debate on the limits of science and the mostly feared possibility of human cloning.