Europe is experiencing a tech-boom that attracts funders that were previously focused on Silicon Valley. If the trend continues, Europe could finally rival the Californian tech-hub with its own innovations. The region currently boasts 99 unicorn companies, compared to only 22 such companies in 2012.
BBVA Research / U.S. stock exchanges reopened after President’s Day holidays, in an environment where markets traded in a risk–off mood fashion. Apple Announced forecasts for 1Q20 sales are not going to fulfill expectations amid coronavirus impact, while its share value dropped 2.13 %. Furthermore, HSBC also warned about the impact of the coronavirus on its Asia business. In this context, investors sought shelter in safe-haven assets, while equities halted…
While Spain’s public debt continues to increase, now accounting for 99% of GDP (1,075 billion euros), private sector debt continues to fall, and stood at 131.2% of GDP in the third quarter of 2019, a level below 133% – the European procedure for macroeconomic imbalances – for the first time since 2003.
The agreement with Fluidra values 100% of Fabtronics at 18.75 M AUD excluding future earn-outs payments. The price for the purchase of 80% of Fabtronic will be paid out as follows: as of today’s date, an initial payment of 15 M AUD has been made; at the same time, additional earn-outs payments linked to Fabtronics results have been agreed for the next three years. The contract also includes cross sell and purchase options which would allow Fluidra to raise its stake in Fabtronics’ share capital to 100%.
Repsol will make a provision of 837 million euros, representing 4% of its market cap, in its 2019 results after the first partial award (of a total of five) issued by the Arbitration Court in 2020. This has been found in favour of Addax and Sinopec in their litigation against Talisman Energy (currently “ROGCI”) and Talisman Colombia Holdco Limited.
Investors worldwide are trembling at the epidemic that is currently crippling China. With good reason? This is a guest commentary by Frank Sieren. The best-selling author has lived in Beijing since 1994 and reports exclusively from China for Flossbach von Storch AG.
In May, the Spanish government will hold an auction for the 700 megahertz (Mhz) frequency band scheduled for this year, 2020, in order to complete the release of the spectrum needed for the mass deployment of the new 5G mobile technology before June 30.
Mapfre recorded a 15.2% increase in 2019 net profit to 609 million euros, with revenues up 7.1% at 28,472 million euros. The company headed by Antonio Huertas will pay 447 million euros in dividends from 2019 results, amounting to 0.145 euros per share and a yield of 5.7%.
After 80 years in existence, Spanish chemical group Sniace has agreed to seek liquidation with the courts for itself and its subsidiaries Celltech and Viscocel, given the impossibility of meeting the payments stipulated in its creditors’ agreement.
CaixaBank Research | Immigration is back in Spain after years of crisis in which there were many more immigrants departing than arriving (between 2010 and 2014). More specifically, Spain has once again become a net recipient of foreign immigration since 2015 and the trend has intensified in recent years: net inflows of foreign nationals reached 330,000 people in 2018 according to the migration statistics of the National Statistics Institute. The following are the main conclusions.