Sustainable Cities of the Future
Nilanjana Sen | With over half the world’s population living in cities, the 21st century has been described as the urban century. It is estimated that 75% of the global population will be living in cities by 2050.
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European Refining Industry Sees Decent Outlook For Margins in 2016
UBS | Several oil companies shared their views on refining margins over the 3Q reporting season and CMDs over the past month and we find these often contrast with investors’ views as companies were generally reasonably positive about the outlook for margins for the next few months. Several companies (BP, Neste) highlighted that the global refining supply/demand outlook is fairly balanced for 2016.
Economists and investors disagree over U.S. economy
There is a definite clash between investors and economists over the US economy. According to Intermoney’s Spanish analysts, markets are looking for reasons to take apart the thesis about the country’s resilient activity, arguing that moderate growth is insufficient. Then there are the economic purists, including many Fed members, who are confident the US recovery is sustainable.
What Happens if Britons Choose to Leave the European Union?
Peter Lundgreen via Caixin | Back in 2013, British Prime Minister David Cameron promised a referendum about the country’s future in the European Union if he got re-elected in a national election this year, and now a vote on the issue is set for 2017 at the latest.
The Tale Of Two Markets, Or, Why “Fighting Inflation” Is A Bad Idea For The Fed
Benjamin Cole via Historinhas | Motor vehicle sales are booming in the United States, up 10% in the last year, and double since the Great Recession. Thanks to blogger Kevin Erdmann of Idiosyncratic Whisk, we have a better understanding of inflation in the U.S. and the role that ubiquitous local property zoning plays in suffocating supply, and thus boosting price.
Spain’s BBVA off systemically important banks list
The Financial Stability Board (FSB) announced yesterday that it has removed BBVA from its list of 30 global systemically important banks. Spain’s second biggest entity has been included in this list since 2012. But the lender will still be subject to other loss-absorbing capacity obligations, such as Minimum Requirement for Own Funds and Eligible Liabilities (MREL).
As China Ends the One-Child Policy, What’s Its Legacy?
Stephanie Gordon | China has announced the end to its infamous one-child policy, the restrictive rule that has limited many families to one child—and some to two children—for the past 37 years. The changes will allow all couples to have two children.
Earnings expectations continue to fall in US and Europe
After the damp squib of the Chinese plenary session, the ongoing weakness in manufacturing surveys offers little comfort. Combination of US monetary policy risk, weak earnings season & manufacturing and recent rally make the directional outlook more vulnerable. Meanwhile, Europe’s recovery remains far more tangible.
This Is What The ECB’s Comprehensive Assessment Tells Us About Greek Banks
Manos Giakoumis via Macropolis | The ECB’s Single Supervisory Mechanism (SSM) disclosed on Saturday morning the outcome of the comprehensive assessment on Greek banks that showed capital needs were broadly manageable and in line with recent market rumors and media reports.
Spain Hotel Sector Heats Up On Favourable Yield Premium
Foreign investors are pumping more money into buying, building or converting hotels in Spain, as they cash in on the positive trend in two key industries: real estate and tourism.