Julia Pastor | Carmen Pinto is the CEO of Nicolás Correa, which manufactures milling machines for half the world. Q: How much of its production stays here in Spain? A: 90% of what is made in the group is exported, 25% to China, another very important part to the European markets, Germany, Italy, the UK and France, the weight of which varies from year to year. And then there is…
Pablo Pardo (Washington) | Since October 2020, the largest development agency in the Americas, the Inter-American Development Bank (IDB) has had at its helm a person who grew up in Madrid, Mauricio Claver-Carone, the first American to head the institution. He was director for the Americas at the National Security Council during Donald Trump’s presidency. And Claver-Carone has set himself the goal of making Latin America accelerate its growth, making…
Fernando Rodríguez (Emisores) | Irishman Martin Moloney is the new Secretary General of IOSCO (International Organisation of Securities Commissions), which brings together 130 supervisory bodies of the world’s most important stock exchanges. The organisation has accelerated its work so that next year investors will have a global platform or baseline with which to operate safely in the variegated and confusing world of ESG products and standards. Q: IOSCO supports a…
Ramón Adell is a board member of a large listed energy company, Naturgy, and several others. Right now, the Spanish business world is partly caught up in a wave of ICO loans and labour market measures such as ERTEs. Q: What effects do you think this bubble has had on the culture and management of companies in our country? A: There is still a certain anaesthesia in part of the…
Lidia Conde (Francfort) | Herman Simon, founder of Simon-Kucher & Partners, is best known for his 30 books, translated into 26 languages. His works on pricing and price management have become classics in the academic world. According to Manager Magazin, he is the world’s foremost pricing expert. Q: There will probably be a red-green cabinet supported by the Liberals. What do you expect from the new government “in the Chinese…
Almudena Díez | Red Electrica’s Director -Socorro Fernández Larrea- explains why the current price of electricity in Spain (140€ MW/h) has been at record highs for days: Q: How do you explain to consumers that the system can have such sharp fluctuations in the price of electricity that directly affect their pockets? A: Very easily, by telling the truth, if you like. The problem arises because the price of energy…
Fernando Rodríguez | “Nor do we know what rules the EBA is going to impose on these issues, or how some of the measures the ECB may take will affect capital ratios. So regulation is making it difficult for us to grow, because of all the limitations and all the capital requirements being imposed on us,” explains Ramiro Mato, chairman of the responsible banking, sustainability and corporate governance committee at Santander Bank: “For example, in Poland 70% of energy still comes from coal, and we cannot stop financing our customers all at once.”
Pablo Pardo (Washington) | Nobuhiro Kiyotaki, Princeton professor and BBVA Frontiers of Knowledge Award winner, says: “As public debt grows, rates tend to rise, until they are close to those of private debt, which are higher than the rate of GDP growth. The spreads on public and private debt are not immutable over time and, paradoxically, some people seem to think that this is the case, that the coupon on…
“Traditionally, financial services were provided by banks – in many countries three or four institutions have 80 or 85% of the market, and they do not always have a focus on financial inclusion – but that is no longer the case and there are new providers, such as ‘ANT FInancial’ in China or ‘Mercado Libre’ in Latin America, which started with payments and now offer a wide range of services. That is why open banking is important for the World Bank, because it favours competition and financial inclusion”, says Nuria Aliño, advisor to the World Bank.
Pablo Pardo (Washington) | Kenneth Fisher has been in the investment fund industry for more than four decades. His fund management company Fisher Investment, had $139 billion under management as of 31 March, while his personal fortune amounted to $5.4 billion as of 30 April, according to Forbes magazine.