Santander, Bankia progress in the US
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Spain, a solar energy world leader
MADRID | According to data published by the Spanish Association of the Solar Power Industry, and published today by the digital newspaper El Confidencial, once again in 2011 Spain is the country with the most thermosolar energy power installed in the world. “Spain has 1,100 MW installed, just over twice the amount installed in the US, the second market in the world where some national companies, such as Abengoa, are…
Stark: “Spain proves risk premiums fall with austerity”
As published by the German newspaper Die Welt, chief economist of the European Central Bank Jürgen Stark believes that Spain is a good example of how a country can reduce its risk premium by implementing the right adjustment measures. The Spanish daily Expansión refers to his declarations in Monday’s edition. “In an interview given to the German paper, Die Welt, the member of the ECB points out that ‘Spain and other countries…
Weekend link fest
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. Discounts in US retail sector, too In short: the euro has no hope yet What the central banks should be doing next Putin’s Russia has opposition, but it doesn’t have a leader Hello, Europe! Do…
Portugal sells EDP’s stake to China to reduce debt
The government of Portugal has sold to the Chinese company Three Gorges Corporation a package of shares representing 21.35% of the social capital that the state held in the Portuguese electrical company Energias de Portugal (EDP), in exchange of a payment of €2.693 billion, according to information provided by the government investment company Parpública to the Portuguese market supervisor, CMVM. The Portuguese executive explains that its choice was based of…
T-Solar Group to invest $145 million in projects in Peru
Spanish T-Solar Group, a major operator in the solar photovoltaic power generation market, has signed three loan agreements for a total of $145mn to finance two photovoltaic power plants with an aggregate capacity of 44 MW in Peru. The two plants will be the first large-scale solar photovoltaic energy projects in Latin America. 113,600 thin-film amorphous hydrogenated-silicon modules produced by T-Solar’s Ourense (Spain) factory will be deployed over 206 hectares…
De Guindos: “Companies need make salary adjustments to avoid massive firings”
Rajoy’s cabinet
MADRID | The new Spanish president Mariano Rajoy has announced the names of the 13 ministers who will make up his cabinet, the smallest in the history of democracy. The new government will have just one vice-presidency (the former Economy minister was also vice-president) that will be held by Soraya Sáenz de Santamaría, a 40-year old politician and the person known for being highly trusted by president Rajoy. Sáenz de…
China leads patent filing, but US and EU companies are more innovative
LONDON | By tracking published patent applications, examining real-world trademark and copyright infringement issues and comparing the government policies and long-term innovation strategies of China to other world leaders, Thomson Reuters research suggests that although China leads the world in patent and trademark filings, its status as a global player still faces challenges. The following are some of the key findings of the new research: China Now Leads World in…
Ibex companies pay shareholders 45% higher than in 2010
