For her part, the vice-president of the Government and leader of Sumar, Yolanda Díaz, obtained 4.4% of the votes in her town (Fene) and did not win a single deputy in the regional assembly, so the memes ran last night through the social networks: “Sumar and Podemos double their results to the previous elections: In the previous elections they got nothing, and in these, nothing at all”. Nor did the…
Link Securities| Indra, a leading global consulting and technology company, has closed the acquisition of 65% of Global Training Aviation (GTA), thus reaching 100% of the capital, and becomes one of the few companies in the world able to cover the entire value chain of this business, from the development of the most advanced simulators and training systems to the provision of training services for civil and military pilots. Indra…
Bankinter : Final CPI January 2024 confirms +3.4% year-on-year (from +3.1% year-on-year previously). Underlying CPI also confirms +3.6% year-on-year (from 3.8% year-on-year previous). Month-on-month 0.1% month-on-month (from 0.0% month-on-month Dec-23) and in the Underlying -0.4% month-on-month (from +0.2% month-on-month Dec-23). Analysis: With no surprises, the final January data confirm the provisional figures. The difference between the General and Underlying Rate narrows to 0.2pp. The increase in the headline rate is…
Link Securities | The US Clay County, in Florida, has awarded FCC a contract for the collection of municipal solid waste in the county, representing a portfolio of up to $420 million (about €392 million) for a 10-year term, plus two possible five-year extensions, the newspaper Expansión reports in today’s edition of the newspaper. FCC Environmental Services is one of the largest municipal solid waste management companies in the United…
A New York court has ruled in favour of Telefónica in its lawsuit against Millicom International Cellular for refusing in 2020 to honour the agreement to buy the telecommunications company’s subsidiary in Costa Rica for $70 million (around €530 million at current exchange rates). Although the ruling does not specify the amount to be paid in compensation by the telephone operator, which refused to make the purchase despite having agreed…
What the INE statistics reveal is that all this growth comes from a population born outside Spain that now resides in our country. This group grew last year by 571,000 people, compensating for the loss of the population born in Spain. The population born and residing in Spain suffered a drop of 63,500 people in 2023. This means that births in our country did not compensate for deaths. However, the…
BancaMarch| OPEC oil production has fallen by 350,000 b/d. According to the cartel’s report, crude oil production has fallen by 350,000 barrels per day between December and January to 26.3 million barrels per day. The main reduction is due to 162,000 barrels per day less from Libya, as a result of internal conflicts in the country. Kuwait and Iraq have also seen their production fall sharply by 109,000 and 98,000…
Alphavalue / Divacons| Telefónica Tech has teamed up with Chinese company EHang, which produces electric aerial vehicles with vertical take-off and landing capabilities for transporting passengers and cargo without a pilot, to boost urban air mobility in Europe and Latin America, the operator said in a statement. Telefónica Tech will contribute its 5G connectivity and private network capabilities to the project to enhance the “safety and efficiency” of this type…
Bankinter: Inflation slowed less than expected in January, while core inflation also missed expectations. CPI was +3.1% year-on-year against +2.9% expected and +3.4% previously. Underlying was +3.9% versus +3.7% expected and +3.9% previously. Assessment: Negative data for stock markets and bonds, as the general rate returns to the deceleration trend, but less than expected. On the core side, the reading repeats December’s figure, when a marginal decline was expected. This…
Alicia García Herrero (Natixis) | The years of China’s high growth are past, as the world learned painfully in 2023. Notwithstanding the enormous tailwinds stemming from having exited Zero-Covid policies during 2022, the Chinese economy barely reached the underwhelming 5% GDP growth target cautiously set by Premier Li Qiang back in March 2022. The reasons for the very slow recovery of the Chinese economy in 2023 are both cyclical and…