MADRID | Whereas London has gone to battle in the Scottish independence referendum, Madrid would rather focus on the dire situation of the state finances and a looming rescue when challenged by Catalan independentists. Carlos Díaz Guell believes the Spanish government has no spare strength to spend.
When you hear tourism in Spain, you may imagine local mayors receiving bribes from developers to re-qualify a piece of natural landscape that will be lost for ever. Think again. It is a strong, diverse and worth-a-fight industry.
BARCELONA | “La Caixa” will be the first European bank offering its private banking clients a Facebook-like service so they can more easily communicate with asset managers. The entity seeks to increase total funds to €47 billion.
Crystal-clear answers for the foggiest question: why is the euro zone in such dire state? Banco Santander’s board member Guillermo de la Dehesa speaks of a self-inflicted crisis, the resignation cycle at the Bundesbank and how to reform the European Central Bank.
MADRID | After its first shop opening in China in 2006, Zara has this month started online retail activity with a dedicated website. Inditex, the parent company, expands towards emerging economies to avoid the European recession.
Abengoa has acquired a majority stake in South Korean company Hankook R&M with the option of raising its ownership rate to 100 percent. South Korea is the world’s fourth larger producer of steel dust.
Foreign ownership of Spanish stocks in the last 13 years has reached 40 percent of total market value, according to data from BME, the company operator of Spain’s financial markets. But domestic investors’ purchases are higher than European average.
The rule of merely linking wages to productivity would have had the opposite effect, argues economist Jordi Paniagua. Spain’s productivity is counter-cyclical, he points out, and hasn’t stopped growing since 2007.
Israel Railways will activate a contract option with Vossloh España, the Spanish subsidiary of the German Vossloh Group, and purchase nine more train Euro3000 locomotives . Last year, Vossloh España provided 15 Euro3000 units and 14 Euro4000 ones. Israel Railways has already been delivered 73 locomotives designed and manufactured in Vossloh España’s factory in Valencia. The €100-million initial operation has now been extended at a further €30 million value. Israel Railways…
MADRID | Telefónica Ventures and Caixa Capital TIC, a specialised digital technology fund of La Caixa, announced Tuesday its first investment. The joint platform will inject €3 million in addFleet, a company specialised in intelligent systems for transportation. The investment in addFleet is the first by Telefónica Ventures in Spain after having completed similar operations in other international technology companies such as Quantenna, Joyent and Boku. Telefónica and La Caixa said the plan is to promote the…