Repsol is doing very well at the moment. And in fact, it has been selected as the best exploration and production company in 2017 by Platts Global Energy Awards. During H1’18 Repsol will present its new 5-year strategic plan. The most interesting part will be the so-called “third leg”, describing the firm’s vision of the future.
The European company in the news today is the French defence and aerospace technology firm Thales. It has made a €4.760 billion bid for Gemalto, a Dutch company specialising in cybersecurity and digital payments.
In 2016, the electricity system registered a surplus of 421,45 million euros, according to the final figure for the year released by The National Commission on Markets and Competition (CNMC in Spanish).
Fitch has been the last agency to raise its rating on Portugal to investment grade last Friday. The previous increase from S&P in September already showed signs of the sick person being in very good health. Neighbouring Spain should also see an improvement in its credit quality and be included in the A tranche, at least by S&P and Fitch.
Nick Ottens via Atlantic Sentinel | This is a guide to the Catalan electoral system, the parties, their leaders and possible coalitions.
The ECB could first check how the market reacts to the actual halving of its purchases in January, and how the run-up to the Italian elections shape up, before changing its message.
The effective launch of the bids for Abertis will be delayed 2-3 months if the CNMV revokes authorisation for Atlantia’s offer and it has to seek prior government approval.
All the sectors in the Spanish economy should contribute to improving competitiveness and efficiency, at the same time as cutting their debt. The Spanish banks are doing just that.
The US dollar was broadly stable over the past month, up against the euro and Japan’s yen but down against the New Zealand dollar and sterling. Elsewhere the Norwegian krone depreciated further, hitting new lows. The market appears to lack conviction in terms of the direction of the greenback.
Fair Observer | Leaving the European Union is not that simple. Having pulled off a last-minute agreement with the European Commission to move forward, Brexit Britain is feeling the burn this winter. The next stage is the big one: future trade relations. If all goes well, the talks should be coming to a close by fall 2018.