Prices in the EU: still stable
Inflation in the euro area remains anchored at 2.4 percent, although differentials between countries are growing. Analysts at CaixaBank warn governments about raising VAT rates to increase income.
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China and EU: agree to disagree
The European Commission accuses China of subsidising its production at home and selling at an uncompetitive low price in Europe. But these days, China is heavily investing in the Old Continent, and some euro zone governments like Germany favour a soft approach instead of fines.
Santander’s Botín hints more subsidiaries to be listed after €2.8bn Mexican offering
MADRID | Chairman of Spanish Grupo Santander Emilio Botín said the bank plans significant subsidiaries to become autonomous in liquidity and capital, and the group’s strategy was to have them listed.
Monetary authorities are shuffling their cards
BARCELONA | Analysts at CaixaBank welcome the European Central Bank’s decision of propping up state debt by moderating its cost in the markets. It will give the euro zone room to progress in its integration.
Iberdrola sets its largest renewable energy project in the UK
LONDON/MADRID | Spain’s Iberdrola has engaged in the largest wind energy project in its history. Together with Swedish Vattenfall, the companies will build the East Anglia wind farm. It will have the potential to power 5 million homes.
JP Morgan admits report overstated Spanish bank BMN’s capital needs in €5.5bn
JP Morgan analysts used a wrong classification when accounting loans given by Banco Mare Nostrum to corporations and small and medium companies. Three days after its first report, the investment bank has now rectified.
Competitiveness evens out, but unemployment still weighing Europe down
BARCELONA | The job market’s outlook for the coming months is not encouraging, analysts at CaixaBank Research indicate. But imbalances in labour costs across Europe are showing signs of correction. Structural measures could be already working.
“The size of Spain’s public administrations is crazy,” says BDL CEO Santos-Ruiz
MADRID | Fernando Barciela interviews Baron de Ley CEO Eduardo Santos-Ruiz, who joins the growing demand among Spanish entrepreneurs, too, for a rationalisation of the regional administrations. It’s time for the state to use its scissors on itself.
Indeed, poor rich children
In London and Madrid, NGO Save the Children has given a word of alert: the economic crisis is hitting hard those who are more vulnerable. Medicines and food aren’t as available as they should be to them.
Augmented Reality meets big corporate with Telefónica-Aurasma deal
MADRID | Studies on Augmented Reality forecast that this market will reach a value of $600 billion in the next four years. Telefónica plans to tap it through a partnership with specialised provider Aurasma.