CaixaBank research | The current surplus reaches almost 60 billion euros, close to the peak of 2004. Rising oil prices and the euro’s appreciation might slow up the pace of growth in the current surplus.
MADRID | DIA registers a turnover of €8.733 billion in the first nine months of the year, a 6.9% increase. Turnover in Spain climbed by 5.7%.
Oil prices fell below 110 dollars per barrel and are lower than last year’s levels. Watch Saudi Arabia and Iran, though, note CaixaBank analysts.
By CaixaBank analysts, in Barcelona | The United States grows by 2.3% year-on-year, but the weakness in employment and fiscal adjustment force a third round of quantitative easing by the Federal Reserve.
Ferrovial, through Cintra, its toll road subsidiary, will operate segments 5 and 6 of State Highway 130 (SH130) between Austin and San Antonio, Texas, for the next 50 years. This project represents a managed investment of 1.389 billion dollars.
By Joaquim Clemente, in Valencia | Ford’s plant in Spain has survived against the latest US company’s restructuring programme in Europe. There is no coincidence here: Ford Almussafes is more cost efficient, more flexible and consistently more successful.
The capital requirements of each institution have now been published, but non-performing loans continue to increase sharply. Nevertheless, CaixaBank analysts indicate, the fall in deposits of firms and households is partly due to issuances of commercial paper with more attractive, higher returns.
By Fernando Barciela | “Thinking that we should choose between austerity and recovery is a frivolity. Laxer countries that generated huge deficits must restore balance but that should not mean suffocating them.”
MADRID | “Given that it took four years to complete the negotiations of the Treaty of the Union until it was signed in 1992, given the depth of the issues, it is conceivable that this time it won’t be a lot simpler,” says Carlos Díaz Güell.
With these contracts, Indra is able to make progress in the objective of increasing its presence in the Asian continent’s emerging markets, where it has subsidiaries in India, China, the Philippines and Sydney.