By Tania Suárez, in Madrid | In a context of economic crisis, where everybody feels on the verge, people are demanding justice. And justice, for a change, is doing its homework. Mirroring the process affecting Barclays, now is the turn of Bankia. The political party led by Rosa Díez, Unión Progreso y Democracia (UPyD), took legal action against the Spanish bank and filed a complaint with the Audiencia Nacional, the…
Humberside-based air transport business Eastern Airways Europe said Thursday its future expansion plans are now backed up after securing refinancing from Santander Corporate Banking. Eastern Airways Europe is a regional air transport business operating in the UK and across Europe. The business was founded in 1997 as a service for oil and gas workers living in the UK and working offshore. Since then, Eastern Airways has evolved to provide transport operations…
By CaixaBank research team, in Barcelona | The upswing exceeded expectations with a first quarter GDP that grew by 1.0% quarter-on-quarter and 2.6% year-on-year. This momentarily places Japan at the head of advanced economies in terms of growth. However, the forecast for the whole of 2012 hardly reaches 2.5%, as the composition of the national accounts raises doubts regarding the sustainability of the upswing. Unusually, the growth of the first…
By Tania Suárez, in Madrid | German and British banks are trying to woo the economic elite of the Spanish society, “la crème de la crème” of wealthy Spaniards. Or, in plain English: the ones with the big bucks. The uncertainty over the Spanish future is making the depositors nervous, and banks from the UK and Germany are trying to take advantage. According to this article of the online daily El Confidencial Digital, foreign…
BBVA’s representative office in Taipei, set up in 2006, is now a full branch. The entity is now the first Spanish bank to open a branch in Taiwan and the first European bank to open one since the financial crisis began. BBVA began building its Asian franchise over 30 years ago and now has operations in the continent’s main financial centers. The Taipei branch will be added to the group’s…
MADRID | Spain's Zinkia Entertainment signed a strategic agreement with the Mexican company Tycoon, by which it becomes the licensee agent of the Pocoyo brand for Central America, Colombia, Venezuela, Ecuador and Peru. The two companies have collaborated since 2008, when they set an accord on the distribution contract for the first season of the DVD series of Pocoyo in Central America. The latest deal also includes an extensive list of products based…
BEIJING | The launch of the new Ipad in China seems to be nearer now that Apple managed to get rid of the biggest barrier it was facing: the legal dispute with the Chinese company Proview. It seems Apple underestimated the fact that they were targeting a strategic market with a product named after a trademark that already existed in the country. For Proview, Ipad was just a name. But for…
By CaixaBank research team, in Barcelona | Of the events occurring recently on the world economic scene, three have significantly affected the current fate of Brazil's economy. On the one hand, the confirmation of China's economic slowdown in the first quarter; on the other, the progress made in correcting commodities markets and, lastly, more intense tensions in the euro area's debt markets are causing a marked upswing in global aversion…
MADRID | The cost excess the Spanish government pays for credit from the capital markets in comparison with Germany, which is considered the benchmark in confidence matters in the sovereign bond sector, has fallen since last week's euro summit. The main two reasons seem to be that the plan for financial aid for Spain to recapitalise its banks was somehow agreed by the euro authorities, and the possibility that the…
By Luis Arroyo, in Madrid | Poland is one of those countries whose contrast surely must give food for thought to the believers in the inflexible laws of the European common currency. Outside the sacred euro area, its economy grows, its real GDP!, while its unemployment rate evolution is flat at slightly under 2007 levels. But the euro authorities keep stuck in t eukanuba dog food reviews heir proud, honourable…