Lu Bingyang and Coco Feng via Caixin | China’s state-owned train maker has started work on a plant in Chicago, a year after clinching a $1.3 billion contract to supply rail cars to the Chicago Transit Authority.
Daniel Kapellmann | Whereas it took some 10 years to negotiate and enforce a mechanism to strengthen commercial bonds between Canada, the United States and Mexico, today, after 23 years in existence, the North American Free Trade Agreement (NAFTA) may be overrun in just a couple of months.
Fernando Rodríguez |Bankia’s stock market gains after the news that it will takeover BMN exceeded market consesus. But the future of Bankia’s stock price in the short-term will depend on the small print and the ratios of the merger.
Benjamin Cole | The econosphere is again rumbling about Chinese debt and China banks, evidently forgetting the long serious faces made many times about Chinese debt and China banks in the recent past. But China keeps growing. Japan is another story that defies Western orthodox macroeconomics.
Peter Isackson | The fact that something that contradicts official accounts sounds like a possible conspiracy theory doesn’t mean it may not be true.
Fran Wang via Caixin | China signaled it isn’t ready to reimpose restrictions on coal production, following price spikes several weeks ago when rumors surfaced that the central government might revive supply-reducing curbs.
Telefonica has reached an agreement with Vodafone which will allow the latter to access its fibre optic network both in non-regulated areas (the 66 most populated cities in which Telefonica is not obliged to share its infrastructure) as well as in a significant part of the regulated zones.
The Ibex 35 companies ended 2016 with earnings of 34.1 billion euros, up 46.7% from a year earlier. This figure includes the results of Inditex, which on Wednesday reported a 10% rise in profits last year to 3.157 billion euros.
Fernando Rodriguez | Francisco García-Paramés is an asset manager who has made ‘Value Investing’ popular in Spain thanks to the good results obtained during the last 20 years. He is Spain’s Warren Buffet.
Caixabank has informed Deutsche Bank’s management team of its interest in the German bank’s Spanish subsidiary in the event of a sale. The approach was made in 2016, before Deutsche Bank reached an agreement with the US Department of Justice to reduce the fine for selling “subprime” mortgages to $7.2 billion