Nick Ottens | Emmanuel Macron has come under criticism for creating an “imperial” or “Jupiterian” presidency in France. Don’t mistake the president’s theater for putting style over substance. The goal is economic reform.
The 29 firms listed on the Ibex 35 which published their treasury stock figures at end-2016 accounted for a total of 678.127.762 own shares, representing 0.87% of social capital, with a market value of 4.372 billion euros. Despite the fact the treasury stock figures registered at end-2016 were higher than those in December 2015, this is not the case if we add to these figures the share redemptions made by these same listed companies during the year
If you’ve had trouble hailing a cab on the streets of Madrid, Barcelona or many other cities in Spain recently, there’s a good chance it was because of a taxi drivers’ strike. There have been a number of these in recent months, all with the same aim: to halt the expansion of ride-sharing firm Uber.
We need to analyse what the “inflation triggers” are at the moment, beginning with those related to the domestic environment. In this case, key factors are salaries and what’s happening with prices.
Hu Shuli via Caixin | The U.S. pullout may push China onto the global limelight, but Beijing should start by fixing its own problems. As one of the few countries in the world that still rely heavily on coal-fired power generation, China has emissions that are much higher than those of the U.S., U.K, Japan and other developed countries.
This week Spain ratified its free trade agreement with Canada, known as CETA (Canada-European Union Comprehensive Economic and Trade Agreement) in spite of the suprising abstention of PSOE. Spain’s trade relations with Canada date back to the XVI century.
Telefónica is continuing with its plans for cutting group debt – estimated at 50 billion euros – by divesting stakes in some of its subsidiaries and ruling out any major new acquisitions. On the one hand, the company is still preparing to list a minority stake in its UK mobile subsidiary O2 towards year-end, on the other they are considering to sell Telefonica Argentina.
Like any unaware retail investor, CEOs buy high and sell low. So now that markets are up and, even though big European corporates have been flush with cash over the last 5-7 years, “the buzz word is about buy-backs again,” says Carax-Alphavalue’s analysts.
J. L. M. Campuzano (Spanish Banking Association) |What is the main concern for Spain’s SMEs? The lack of clients. This is what they have revealed in the latest survey published by the ECB, covering the period from October 2016 to March 2017. And what about financing? It was once again the least of its worries, something which has been the case since the start of the year.
Abengoa is trying to finalise the details which will allow it to go ahead with the sale of Atlantica Yield (Nasdaq:ABY) which manages electricity assets and has an approximate market value of $2.16 billion (around 1.93 billion euros). Abengoa has two options for closing the sale: Firstly, the direct handover of its 41% stake in ABY to the funds, including Brookfield, secondly placing blocks of its shares on the market.