Spain’s Burgos is back on the oil business
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Spain's Burgos is back on the oil business
Foreign investors buy 50mn hectares of African land in six years
By Donato Ndongo, in Malabo, Equatorial Guinea | According to a paper by the United Nations’ Food and Agriculture Organization (FAO) and the International Fund for Agricultural Development, between 2004 and 2010, foreign investors have bought at least 50 million hectares in twenty African countries at ridiculously low prices: Ethiopia, Madagascar, the Democratic Republic of Congo, Kenya, Mozambique, Senegal, Mali, Uganda, Kenya … and in the tiny Equatorial Guinea. Actively engaged in this business are…
OECD figures put EMU’s unemployment at 10%, US’s at 9%
Link analyst note | “The unemployment rate among the member countries of the Organization for Economic Cooperation and Development (OECD) remained stable in July compared to June, at 8.2%, a level maintained for the fifth consecutive month. The OECD notes that the largest increase in that month was recorded in Luxembourg (three tenths, up to 4.6%), while the largest fall was in Mexico (five tenths, down to 5.3%). Spain, where…
OECD figures put EMU's unemployment at 10%, US's at 9%
Link analyst note | “The unemployment rate among the member countries of the Organization for Economic Cooperation and Development (OECD) remained stable in July compared to June, at 8.2%, a level maintained for the fifth consecutive month. The OECD notes that the largest increase in that month was recorded in Luxembourg (three tenths, up to 4.6%), while the largest fall was in Mexico (five tenths, down to 5.3%). Spain, where…
The EC proposes to reduce to 3.5% the EFSF’s rate for Ireland and Portugal
The EC proposes to reduce to 3.5% the rate applied by the EFSF to Ireland and Portugal, now at 6.5% and 5.5% respectively, and Madrid’s financial City welcomes the idea. For Banco Santander, “The European Commission yesterday proposed reducing to 3.5% the interest rate charged by the EFSF to Ireland (currently over 6.5%) and Portugal (5.5%), and extend the debt maturities to 30 years. This proposal is the result of…
The EC proposes to reduce to 3.5% the EFSF's rate for Ireland and Portugal
The EC proposes to reduce to 3.5% the rate applied by the EFSF to Ireland and Portugal, now at 6.5% and 5.5% respectively, and Madrid’s financial City welcomes the idea. For Banco Santander, “The European Commission yesterday proposed reducing to 3.5% the interest rate charged by the EFSF to Ireland (currently over 6.5%) and Portugal (5.5%), and extend the debt maturities to 30 years. This proposal is the result of…
“Troika to return to Greece to sort out the €1.7bn gap in public finances”
Bankinter analysts, in Madrid | This week is to be decisive for Greece. The technical team of the so-called troika of creditors (the IMF, European Union and European Central Bank) will return next Wednesday to Athens to see if the Greek government can clarify the figures it failed to make clear the previous week (this is why the troika left abruptly) and on Saturday, the euro group is meeting probably to…
"Troika to return to Greece to sort out the €1.7bn gap in public finances"
Bankinter analysts, in Madrid | This week is to be decisive for Greece. The technical team of the so-called troika of creditors (the IMF, European Union and European Central Bank) will return next Wednesday to Athens to see if the Greek government can clarify the figures it failed to make clear the previous week (this is why the troika left abruptly) and on Saturday, the euro group is meeting probably to…
The Swiss gambit
