The Monte dei Paschi effect
The contagion chain between Italy and Spain in the troubled eurozone’s periphery seems to have left Madrid virtually untouched.
Articles by Victor Jimenez
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Victor Jimenez
Victor Jimenez
Spain’s SME credit agency ICO opens year with €1 billion bond sale
The ICO debt sale was further confirmation that investors’ fears have abated, as the Spanish government said it had already assured almost 9.5 percent of all market credit needed in 2013–that is €11.4 billion.
Bloomberg faces legal action by Spain’s Finance ministry over online gaming report
The Spanish ministry of Finance announced Thursday it was taking legal action against Bloomberg. The news agency published a feature about the government tax department forcing foreign companies to make payments to bid for online gaming licenses, and other irregularities.
Investors begin to see Spain out of the woods
In an investor note on Wednesday, BNP Paribas said it forecasts a premium risk for Spain under 350 basis points and a prolongation of the average life of the government debt–that is, more time to pay back.
Higher profits blur picture of crisis-hit City
LONDON | The British banking sector is well capitalised by European standards, but banks now expect the ability to raise finance to become a significant limitation on business during this year.
Investors eye Ibex35 recovery as Barclays report signals worst may be over
LONDON/MADRID | Financial conditions have relaxed for government debt and will ease the current adjustment applied over the public and private sectors. Trends among foreign investors point at an Ibex35 rally in 2013. On the macroeconomic horizon, though, there are some doubts still fresh.
The return of the Spanish mortgage-backed bond
BBolsa analysts said this could be “a first step towards the stabilisation of the real estate asset-backed debt market in Spain, and housing market.
European banks are a good bet, JP Morgan advises investors
The news of Spanish banks reducing ECB credit use fits within the more attractive frame European banks sit now in. Stock returns have outdone market average by 44 percent since July 2012.
How to find Spanish companies with over 20pc growth rate
MADRID | More than 200 businesses in Spain fight back the crisis with at least 20 percent growth rates since 2008. The majority are based in Catalonia and Valencia, with a turnover of between €2 million and €10 million.
Spanish economy’s net financing reaches 14-year high
Spanish economy’s agents have prioritised the reduction of their debt burden, and businesses’ savings have increased by 6.1 percent.