Brexit And Investment Arbitration
Rafael Gil Nievas | No, I am not going to talk about Micula or Achmea (but I promise I will do soon). Now, I just want to raise, in plain language, a possible Brexit collateral effect. Let’s give some background.
Rafael Gil Nievas | No, I am not going to talk about Micula or Achmea (but I promise I will do soon). Now, I just want to raise, in plain language, a possible Brexit collateral effect. Let’s give some background.
A decade until 2030 looks like a long time, but not when the world is faced with crises on multiple fronts that require sustained action. IRIN, a website dedicated to covering humanitarian emergencies and aid, identifies 10 crises to watch in 2019, including “voluntary” returning of refugees, re-emergence of infectious diseases in countries experiencing humanitarian crises, anti-terror compliance imposed on NGOs, and continued militancy in Africa.
BME ‘s income for 2018 fell -0.5% to 78.8 million euros while operating costs grew +7.2% to 30.5 million euros. Moreover, in order to confront the competition from alternative platforms, BME will reduce tariffs to attract volume. It will lower the charge on the most liquid shares from 0.30 to 0.25 bp for intermediaries who meet a series of requirements and fix the charge for shares with a floating capital between 3/10 billion euros at 0.60 bp.
Manuel Moreno Capa | In 2017, Marieta del Rivero was the first woman to be incorporated, as an independent, in the board of Cellnex Telecom, a company created in 2015. Marieta del Rivero proposes many other measures, at least temporary, to increase the number of women sitting on boards. Described in some media as one of the most influential women in Spain, she considers a change in corporate culture essential, “the great barrier to women being able to get to the top”
AT1 CoCos were created to help European banks raise assets to meet Basel III capital requirements following the 2008 financial crisis. According to an analysis of Wisdom Tree, “under Basel III, some of the first AT1 CoCo bonds issued are now approaching their first call date (five years from issuance) and this year we will see for the first time how issuers will behave in terms of calling the AT1 CoCo bonds or extending them. Given this will set precedent for the market, investors are closely watching.”
A recession is triggered when the economy contracts for two consecutive quarters. One or two negative readings about GDP may make little sense. But when it is various key indicators which are beginning flash red for a prolonged period, the image becomes clearer and more significant. In opinion of D. Spence y J. Franz, this moment has still not arrived in the US.
Three years on from its vote on EU membership and the UK still has little idea what its future relationship with the EU might turn out to be. Under pressure from europhile members of her cabinet, Theresa May has finally decided that running the Brexit clock down is in nobody’s interest. Instead, she has now taken the perhaps equally disappointing decision to kick the Brexit can further down the road, if politically necessary.
J.L.M. Campuzano (Spanish Banking Association) | There are structural factors driving down equilibrium interest rates at a global level. Beginning with the demographic factor, technical progress and also low productivity. As a society we are confronting a new historic era of low official interest rates and with downward pressure on interest rates in the medium and long term.
The Spanish competition regulator (CNMC – which regulates telecommunications in Spain) has published market data for December 2018.In the opinion of analysts at Santander Research, this is the best news in Spain’s telecommunications market data in December, “given that during the previous 18 months, customer turnover grew continuously yoy.”
Not everything is rallying this year. India is down, which is interesting as it is a perennial favourite with international investors. Mark Tinker, Head of AXA Framlington Equities in Asia, is concerned “notably” concerned about the extent and composition of India’s growth compared to China as well as the fact that since 2013 the Chinese currency has depreciated 8% against the US Dollar while the Rupee has dropped 31%.