Iris Mir | China aims to recover the ancient Silk Road to create an unprecedented trade link between Asia and Europe. Least developed Chinese provinces would also benefit largely from the ‘one belt, one road’ project as Beijing will need to invest greatly in infrastructure and high-speed railways. Local governments see the project as a golden opportunity to revive stagnating growth.
MADRID | The Corner | F1 pilot Fernando Alonso and Santander bank deceased chairman Emilio Botín, both great ambassadors of the Spain brand, are among the 4,000 Spaniards helped by HSBC to evade taxes. As online newspaper El Confidencial revealed, an estimated €1.8 billion ($2.8 billion) was concealed by Spanish citizens in Swiss bank accounts between 2006 and 2007.
MADRID | Sean Duffy | The sale of 49% of Spanish airport group will be in focus from 12 onwards today.
MADRID | Sean Duffy | Third time may be a charm for Spanish group as IPO belatedly goes ahead on Wednesday.
By Marios Zachariadis via MacroPolis | At first glance, the potentially catastrophic consequences of Grexit on the rest of the Eurozone provide the Greek government with an important bargaining chip. However, the Greek government should take into consideration that Grexit is not the only possible alternative in case an agreement with the rest of the EZ cannot be reached soon.
MADRID | The Corner | In the second largest IPO in Spanish history, airports operator Aena is due to start trading on Wednesday in Madrid at a price of €58 a share, which values the group´s equity at €8.7bn.
MADRDD | Sean Duffy | Markets are likely to remain volatile in the week ahead as investors await indication on Greek standoff.
MADRID | The Corner | After the biggest banking leak in history, British bank HSBC admitted on Sunday that its Swiss subsidiary systematically helped big fortunes dodge taxes and hide millions of dollars of assets. Switzerland and the whole industry are under the spotlight: long known for its banking secrecy, the country signed a fiscal transparency agreement with Brussels in 2004 which has proved insufficient. A new, enlarged version of the accord is being debated now and expected to be ready in 2018. But will it be enough? And what until then?
MADRID | Sean Duffy | A defiant speech on Sunday in the Greek parliament from Alexis Tsipras has heightened tensions once again. The game of brinkmanship continues apace, but is the Greek Government edging itself towards a euro exit?
MADRID | The Corner | Spanish Industrial Production figures proved disappointing on Friday, with results revealing that the sector had fallen 0.3% month-on- month and 0.9% year-on- year. The figures will be of some concern to the Finance Ministry given that the economy has recorded seven consecutive months of negative inflation.