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espana europa billete 1

In Spain, Relevant News Item, Spanish economy 30th May 2023

Fitch maintains Spain’s rating at A- with a stable outlook and revises 2023 GDP growth forecast upwards to 1.9%

Bankinter : Fitch maintains Spain’s rating at A- with a stable outlook. Fitch has revised the expected growth for 2023 upwards to 1.9% year-on-year (+0.7pp) reflecting “buoyant recovery in tourism and rising public sector investment. This has offset the weakness in private consumption, which recorded a second consecutive quarterly decline”. It projects a reduction in Public Debt/GDP to 110.4% by December 2024, “driven mainly by nominal GDP growth while primary…

elecciones generales

In Spain, Relevant News Item, Spanish economy, Spanish Politics 29th May 2023

Sánchez brings forward general elections to July 23 after debacle in regional and municipal polls

The President of the Government, Pedro Sánchez, has announced that the general election will be brought forward to next July 23 after the electoral defeat suffered this Sunday by the PSOE in the regional and municipal polls. The head of the Executive has assumed this Sunday’s electoral results “in first person” and his response is that this means “submitting the popular mandate to the popular will”, as he has stated…

Talgo

Companies, Relevant News Item 26th May 2023

Talgo to make the first Talgo Avril units available to Renfe in November

Link Securities| Talgo (TLGO) will make the first units of the Talgo Avril very high-speed train available to Renfe in November. According to a statement by the company on Tuesday, they will be ready to go into commercial operation. In this sense, Talgo has indicated that the November date will be reached “provided that the other actors involved in this process comply with the deadlines they have provided Talgo with…

iberdrolaTC

Companies, Relevant News Item 26th May 2023

Iberdrola and IFC team up on renewable projects in emerging countries such as Poland, Morocco and Vietnam

Link Securities| The Spanish company and the International Finance Corporation, which belongs to the World Bank Group have announced their union to promote the energy transition in emerging countries, the financial portal bolsamania.com reported on Tuesday. Both institutions have launched an alliance to support clean energy and decarbonisation in different developing countries. The agreement is structured in three pillars, according to IBE: (i) First, IFC will provide IBE with a…

fed enero 2023

Relevant News Item 25th May 2023

Fed minutes show split on the need for further rate hikes

Link Securities| The minutes of the May Federal Open Market Committee (FOMC) meeting showed that its members were divided on the need for further increases in the benchmark interest rate. In this regard, it was said that, based on expectations of a slow return of inflation to 2%, a further firming of monetary policy at future meetings was likely to be warranted. In general, participants were unsure how much further…

inflationCM copia

Relevant News Item 24th May 2023

Final Eurozone April CPI data will confirm still very high price levels: 7% year-on-year overall and 5.6% year-on-year core

Renta 4: European opening with little change (Eurostoxx futures -0.2%, S&P futures +0.1%), in a session in which we continue to receive relevant data on both activity and prices, and awaiting the conclusions of the meeting between Biden and congressional leaders to discuss the US debt ceiling and avoid default. For the moment, the positions are still at odds and the Republicans are trying to reach an agreement to limit…

MargaretFranklin

Interviews, Relevant News Item 23rd May 2023

“Even small entities can now have systemic consequences”

Pablo Pardo (Washington) | “Even small entities can now have systemic consequences” says Margaret Franklin, presidente and CEO of the CFA Institute. In the English-speaking world, the acronym ‘CFA’ is often the first step towards serious entry into the financial sector. CFA’ stands for ‘Chartered Financial Analyst’, a qualification held by some 200,000 people worldwide and obtained through an examination administered by the CFA Institute. The CFA, chaired by Margaret…

Spanish shopping centres

Companies, Relevant News Item 23rd May 2023

Merlin sells two shopping centres to Hungarian fund Indotek for undisclosed sum

CdM| The Hungarian real estate fund Indotek Group has acquired two shopping centres, one located in Valencia and the other in Barcelona, from Merlin Properties Socimi, without disclosing the amount of the transaction. In a statement, the fund has detailed that, with this transaction, it seeks to consolidate its presence in the country and substantially increase the surface area of its commercial assets in the Iberian Peninsula, where it already…

Tecnicas Reunidas announce new tenders at the end of 2018

Relevant News Item 22nd May 2023

Técnicas Reunidas to develop world’s first zero-emission nitrogen fertiliser plant in USA with American company Atlas Agro

Técnicas Reunidas has signed a contract with green fertiliser company Atlas Agro to develop a zero-carbon fertiliser plant, Pacific Green Fertilizer (PGF), in the northwest of the US, near Richland, a city in Benton County (Washington), as reported yesterday by CapitalBolsa.com. Técnicas Reunidas and Atlas Agro have already worked together in the previous phase, the Feasibility Phase of the PGF Plant. The current contract includes the execution of the FEED,…

aena airport

Companies, Relevant News Item 22nd May 2023

Aena registers 77.4 M passengers between January and April, 1.9% more than in same period of 2019

Link Securities| Aena’s network airports closed 4M2023 with a total of 77.4 million passengers, 32.7% more than in the same period last year and 1.9% more than in 4M2019. A total of 695,549 aircraft movements were recorded between January and April (1.5% more than in 2019) and 336,909 tonnes of cargo were transported, which is 0.1% more than in the same period of 2019. In the month of April 2023,…