Samsung once more in ad war against Apple
In the Apple-Samsung battle, there might be an element missing from the iPhone creator that it could borrow from its counterpart: humour.
Companies
BBVA publishes first iPad magazine on banking innovation
The Spanish bank released Innovation Edge. BBVA claims it will share with readers its knowledge on innovation and trends affecting the financial sector.
Inditex strikes again: 32pc net profit growth
The Spanish Group approached the €1 billion net profit mark in the first six months of the year, surpassing analysts expectations. Although growth comes from non-domestic demand, investment in Spain will reach €450 million.
Basque Cie Automotive signs joint venture with Donghua
The Spanish company’s Brazil division Autometal now owns 50 percent of Nanjing Forging, in which Donghua had a 96.75 percent stake. The joint venture deal cost Cie Automotive €17 million.
Ferrovial selected for Dow Jones index of most sustainable companies
Spain’s Ferrovial was given by Sustainable Asset Management, which assesses companies’ sustainability, 83 points or 27 above industry’s average. The corporation was first included in the Dow Jones sustainability index in 2002.
‘la Caixa’ turns into Facebook-like service for €8 billion growth in private bank funds
BARCELONA | “La Caixa” will be the first European bank offering its private banking clients a Facebook-like service so they can more easily communicate with asset managers. The entity seeks to increase total funds to €47 billion.
Zara launches online shopping in China
MADRID | After its first shop opening in China in 2006, Zara has this month started online retail activity with a dedicated website. Inditex, the parent company, expands towards emerging economies to avoid the European recession.
Abengoa enters the South Korean market of industrial waste recycling
Abengoa has acquired a majority stake in South Korean company Hankook R&M with the option of raising its ownership rate to 100 percent. South Korea is the world’s fourth larger producer of steel dust.
Vossloh España chosen main locomotive provider by Israel Railways
Israel Railways will activate a contract option with Vossloh España, the Spanish subsidiary of the German Vossloh Group, and purchase nine more train Euro3000 locomotives . Last year, Vossloh España provided 15 Euro3000 units and 14 Euro4000 ones. Israel Railways has already been delivered 73 locomotives designed and manufactured in Vossloh España’s factory in Valencia. The €100-million initial operation has now been extended at a further €30 million value. Israel Railways…
EuroVegas gambles on Spain’s recovery
Negotiations must be already under way, but it looks as though the regional government of Madrid has somehow begun to surrender to the seduction and glitter of Las Vegas Sands Corporation’s much awaited arrival. Indeed, a deal that involves €18 billion of investment and 12 hotels, six casinos and three golf courses built by 2022 sounds appetising in the economically depressed surroundings of southern Europe. Esperanza Aguirre, president of the autonomous…