Portugal has seen 16 consecutive months of growth, something completely unthinkable up to just a short while ago. Submerged in a deep economic crisis, Portugal had a grim and difficult road ahead: aggressive adjustment plans, social tensions, a rise in unemployment, disenchantment with politicians etc…But gradually the improving scenario was confirmed.
Spain has strengthened the supply of natural gas to Europe via France, consolidating its position as a transit country for this fossil fuel, at a time of high demand on the continent due to the cold spell which is affecting a lot of neigbouring countries.
BBVA will invest 96 million euros to raise its stake in UK mobile bank Atom to 39 pct, the Spanish bank said in a statement.
John Bruton | On March 2, British Prime Minister Theresa May delivered a key speech on the United Kingdom’s future relationship with the European Union. My first reaction was that the UK is going to put itself and other EU countries through a lot of trouble just so it can leave the union and then rejoin it in selected areas.
Some key threats for investors, like the trade war between China and the US, have combined to paint a picture which makes us wonder if we should start to bet on defensive stocks. This contrasts with just one month ago when the market was betting strongly on cyclicals.
Acciona has been awarded a contract to design and build a desalination plant in Jebel Ali worth 250 million dollars (200 million euros). The contract was awarded by the Dubai Water and Electricity Authorities.
Aena may be studying the possibility of increasing its stake in the UK’s Luton airport (it has a preferential option) after its current partner, the fund Ardian, has shown interest in getting rid of its stake.
Zhang Yu and Lin Jinbing via Caixin | China’s first “Belt and Road” asset-backed security (ABS) has won approval from the Shanghai Stock Exchange in a sign of support for China’s ambitious international investment and trade initiative.
US president Donald Trump is continuing along the path towards protectionism, positioning himself to take advantage of more beneficial trade conditions for the leading global economy.
Bankia Chairman, José Ignacio Goirigolzarri, has fuelled M&A rumours after saying in an interview with the FT that the bank “fits perfectly with other large Spanish banks, specially BBVA.”