Trump’s Untimely Investment in Saudi Arabia
Donald Trump is making the mistake of investing in and arming the Saudi regime at the very moment when its foundations are eroding.
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The ECB Takes A Further Step Towards Monetary Normalisation, Although It May Not Seem So
J.L.M. Campuzano | On Thursday, the ECB confirmed what many analysts were expecting: the limit on expansive monetary measures has now probably been reached, without this meaning there will be an immediate reversal. And the reason for this? Simply that the risks are more balanced now.
Abengoa Chosen For The Biggest Underground Copper Mine Project In The World
The National Copper Corporation of Chile (Codelco), the main global supplier of copper, has chosen Abengoa to develop the electromechanical installation of the El Teniente mine, the biggest underground copper mine in the world.
Conservative May wins elections but not majority to negotiate Brexit
Theresa May will remain Prime Minister with 313 seats but far from the 326 needed to have majority and negotiate a hard Brexit. However, they could probably count on the support of eight unionists from Northern Ireland. Jeremy Corbyn’s Labour win 261 seats, which means 29 up agaisnt last elections, but with no possibilities to form a government.
What can Greece expect at the next Eurogroup?
Nick Malkoutzis via Macropolis | The back-and-forth between Greece and its lenders is likely to continue right up to the start of the Eurogroup meeting on June 15, as all sides try to come to the type of accommodation that eluded them on May 22.
How Does The Crisis In Qatar Affect Its Investments In Spain?
Saudi Arabia, Bahrain, the UAE, Egypt, Yemen and Libya announced on Monday that they were cutting diplomatic relations with Qatar, alluding to this country’s links with terrorism. But how will this crisis affect Qatar’s investments in Spain? It could affect the sovereign funds’ investments in infrastructure as well as in the sponsorship of various football clubs.
Santander Acquires Banco Popular Paying A Notional Consideration Of €1
Banco Santander today announces that it has acquired Banco Popular. The acquisition takes place following an auction conducted by the Single Resolution Board and FROB in which Santander was elected as the successful bidder, paying a notional consideration of €1. As part of the transaction Santander will complete a rights issue for a total amount of € 7 billion . This will cover the capital and provisions required to strengthen Popular’s balance sheet.
The Level Of Consolidation In Spanish Banks Is Above European Average
The ECB’s preliminary report on the structural financial indicators relating to the EU banking industry flag that the number of banking subsidiaries fell 4.8% in 26 countries last year, without taking into account figures from the UK and Ireland because they were not yet available. There were 28,807 bank branches in Spain at end-2016, compared with 32,026 in Germany, 37,261 in France or 29,335 in Italy. The figures also show the level of consolidation in the banking sector, measured by the share of assets held by the five largest lenders.
The Not So Cooperative Gulf Cooperation Council
The situation for Qatar is precarious, says former US Ambassador Gary Grappo. Its best bet may be diplomatic intervention by a friendly neutral state.
Grifols Strengthens Presence In US Where It Now Generates Over 60% Of Sales
Spanish pharmaceutical and healthcare firm Grifols has obtained approval from the US Food and Drug Administration (FDA) to market the physiological saline solution which the company manufactures at its plant in Las Torres de Cotillas (Murcia). This is very positive for the group’s hospital division and, in particular, for its presence in the US.