Spanish DIA, a low-cost food distributor, expands into household and personal care market in Spain and Portugal, where the company sees growth prospects in spite of current economic environment.
It will not look good for the political party in office in Madrid, analyst at Self Bank Victoria Torre told Julia Pastor, but requiring a rescue is only a matter of when. And the Spanish government wouldn’t be the only one to blame.
STRASBOURG| A message to the European Parliament from Enrique Calvet: what you wish for can harm credit card customers with higher fees. Calvet is member of the Consultative Commission on Industrial Change at the European Economic and Social Committee.
JLM Campuzano, analyst at Citigroup, treads through some of the figures in the Spanish general budget for next year. He finds effort, risk, savings, some uncertainties and a lot of unavoidable pain.
The euro area’s current balanced reached a 0.5% surplus of GDP in the second quarter of 2012. The correction in peripheral economies should be taken note of, CaixaBank analysts highlight.
Did you know non-resident tourist spending grew by 8.9 percent in July year on year? Analyst at Barclays Spain Alberto Vigil collected today some positive data the Bank of Spain released in its latest bulletin.
Managing director at Re-Define, Sony Kapoor is a former investment banker and adviser to governments and international organizations. Kapoor argues that, unless Brussels change course, Spain will end up split between austerity and banking losses.
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.
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.
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.