Santander Remains The Only Spanish Bank Classified As Systemic By The FSB
The Financial Stability Board (FSB) has updated its list of global systemic banks and Santander remains the only Spanish bank in the new classification.
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Spain’s Agricultural Sector : The Fourth Largest In The EU In 2016
Spain’s agricultural sector generated 46.8 billion euros in 2016, 12% of the total for the European Union (EU), making the country the fourth biggest producer, according to figures published on Wednesday by Eurostat.
Brussels Approves Spain’s Budget Extension Despite Non-Compliance On 2018 Deficit Target
The European Commission determined on Wednesday that the draft of Spain’s budget for 2018 sent by the Spanish government “complies in general terms” with the criteria established in the Stability and Growth Pact. Despite the fact the public deficit will exceed the target agreed on for next year.
A Snapshot Of The Pre-Black Friday US Retailers
One of the most awaited days by shopping fans is coming again. Citi Research analysts have surveyed most retailer websites on last Monday previewing 2017 Black Friday forecasts. Following are their findings.
Good Outlook For US Commercial Banks: BoA And JP For Results, Citi For Its Dividend Yield
US commercial banks are trading at a discount of over 25% with respect to the market as a whole (S&P 500) in terms of PER 2018e. Fundamentals are solid and the Fed’s monetary policy heralds a good performance from their profit and loss accounts in 2018 and 2019.
Cement And Construction Materials’ Companies Are Stuck
The construction materials’ sector is one of the few where EPS growth is accelerating between 2017 and 2018. But to be fair, there has not been much positive news for the construction materials/cement sector this year. Valuations don’t scream out “an attractive buy” in the short-term.
Germany’s Political Crisis: Struggling Between New Elections Or A Minority Government
The collapse of Germany’s coalition talks should not affect the economy or financial markets given that market overcame the shock very quicky on Monday and all the European indexes as well as the US closed upwards. It was also noticeable that was precisely the German DAX the one that increased stronger. However, this political uncertainty in Germany is bad news for Europe as four different scenarios are going forward.
REE Will Increase Spain’s Electricity Interconnection Capacity, But Still Far Off European Targets
Red Eléctrica de España (REE) plans to put into service in 2025 the underwater electricity link with France. This new electricity interconnection will allow the exchange capacity between Spain and France to increase to 5.000 MW compared with the current 2.800 MW.
Foreign Firms See Improved Prospects In Spain
A recent report published jointly by ICEX-Invest in Spain, Multinationals for Spain Brand and the International Center for Competitiveness said foreign companies’ evaluation of the business climate in 2017 has seen a further improvement compared to a year ago.
Barceló Proposes Merging With NH To Create Spain’s Biggest Hotel Chain, Third Largest In Europe
Hotel chain Barceló has proposed a merger deal with NH Hoteles whereby it would own 60% of the new group. The tie-up of the two chains would create a sector leader in Spain and the third biggest hotel chain in Europe.