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.
ViEUws | In November 2014, Jean-Claude Juncker became leader of the EU’s most powerful body – the European Commission. Backed by a large majority of MEPs, the former Luxembourg Premier promised an “agenda of reform”.
BARCLAYS | Headline inflation surprised slightly to the downside while core prices increased more than we had expected. At the non-core level, energy inflation remains weak (-8.7%). At the core level, both non-energy industrial goods (NEIG) and services prices increased by 0.1pp, to +0.4% and +1.3%, respectively, and leading the unexpected 0.1pp rise in core inflation.
Fernando Barciela | Is the banking crisis over? I don’t think so. There is a lot of very bad news coming out from some of the biggest European banks these days. Deutsche Bank said on Thursday it would shed 35,000 jobs. The German lender reported a $6.6 billion quarterly net loss. So it will trim its investment banking operations and close operations in 10 countries.
UBS | We have long argued that Latin America is in the midst of a long, protracted economic adjustment to the new reality of lower commodity prices — as China’s investment – led growth strategy runs out of steam — and of tighter capital conditions — as investment opportunities into commodities fall and the Fed gears up to raise interest rates.
BARCLAYS | Although Q3 numbers were in line with expectations we remain cautious on the outlook, particularly in Brazil but with the other major geographies of Spain and the UK also facing earnings headwinds. In addition, limited capital generation in the quarter reaffirms our view that Santander’s weak capital position is a hindrance to a re -rating of the shares.
BBVA Research | The current economic recovery in Europe is atypical and fragile. Domestic demand is strengthening, the external environment is more negative. But what about other figures?
Michael Clauss via Caixin | Both countries want to solve the world’s crises, continue to innovate and develop sustainable economies – all reasons for optimism in the relationship.
JOHN BRUTON | With a refugee crisis, a banking union and the prospect of a Brexit, the European Union is faced with a host of questions. The situation was described at the EPP Congress as the “most serious crisis for the European Union since its creation.” This is not an exaggeration.