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.
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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.
IATA Revises Airline Industry Growth Estimates Upwards For 2017
The airline industry will register net profit of $31.4 billion in 2017 (5.3% more than forecast in December) and revenues of $743 billion (0.9% more than the December estimate).
Banco Popular’s Very Delicate Meeting With European Regulator
Banco Popular’s management team, chairman Saracho and his CEO, Sanchez Asiain, will meet with the ECB tomorrow, according the economic press. It doesn’t seem as if there is any urgency behind the meeting, but rather that it is part of a routine monitoring process, aimed at analysing the bank’s current situation and options.
“Spain’s equity market is very well considered overseas. It has a bigger discount against others”
Fernando Rodríguez | The Spanish equity market is benefitting from the idea that Spain is one of the eurozone countries which is going to do better. And then there is the effect of low oil prices, which is doubly beneficial for Spain compared with Germany or France.
Cooperation, Not Protectionism, Needed to Re-Energize Global Trade
Roberto Azevêdo via Caixin | Trade has long proven to be an engine for growth and development, and in recent decades the countries of East Asia and the Pacific have been major beneficiaries of this phenomenon. However, many are arguing that this engine of growth and development is in need of repair.
Reasons To Doubt Labour Party’s Poll Surge Will Last
Nick Ottens via Atlantic Sentinel | Britain’s Labour Party has narrowed the gap with the ruling Conservatives in the polls, going up from an average of 25 percent support when Prime Minister Theresa May called an election last month to nearly 35 percent.
Acerinox Calls For More Protectionist Measures Against Asian Overcapacity
The CEO of Acerinox reiterated current week the risks which the European steel sector has been highlighting for years, given that the arrival of steel from China is detrimental to their interests. He said he expects the company’s 2017 results to be significantly higher than those of 2016, driven by the recovery in prices and in demand.
Unpleasant rumblings in Euro land
James Alexander | As some debate raged in the corridors of the ECB about both Draghi’s successor and over when and how to end the QE for the EUR, the common currency remained strong, helping keep the USD weak.
Italgas Values Gas Natural’s Italian Assets At €500-600 Mn
The CEO of Italgas Paolo Gallo has said it is interested in acquiring Gas Natural’s distribution business in Italy. This operation would reflect the consolidation trend expected in the Italian gas market, allowing Italgas to raise its domestic market to 40% from the current 30%.