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In the World 31st January 2025

Trump’s plan to freeze government programme grants and loans blocked

BancaMarch | Trump’s plan to freeze government programme grants and loans has been blocked. The new administration’s measures have caused a stir across the country, as they could freeze payments to medical research programmes, road construction or natural disaster aid. The federal judge issued the temporary stay just minutes before the executive order was due to take effect and scheduled a hearing for 3 February. The White House has issued…

World economy 30th January 2025

Powell’s wait-and-see stance

Juan Pedro Marín Arrese | Jerome Powell made it clear at the press conference following the Fed’s meeting that he and his colleagues are in no hurry to adjust rates. They will only move should prices undertake further progress to converge with the 2% target or the economy markedly cool down, sharply deteriorating employment. Carefully avoiding casting comments on the new administration’s policies, he emphasised the Fed’s commitment to independence…

In the World 30th January 2025

Indra implementing supply and logistics systems at Port of San Antonio in Chile

Alphavalue/DIVACONS | The Spanish IT services and consultancy company announced on Tuesday that it is implementing the digitalisation and interoperability systems of all the processes involved in the supply and logistics chain of the Port of San Antonio in Chile, the country’s main and largest port. Indra’s Port Community System (PCS) integrates in a single digital platform in the cloud, all the information related to the activities of transport of…

World economy 29th January 2025

Telefónica hires J.P. Morgan to study sale of HispAm subsidiary in Argentina

Renta 4 | Telefónica (TEF) has hired J.P. Morgan to study the sale of its subsidiary in Argentina, according to press reports. The potential buyers are local companies. MiliCom also stands out, to which Telefónica has already sold several Latin American subsidiaries and is in the process of selling the Colombian one. In addition, Telefónica Peru has sent a relevant fact in which it highlights that it is in talks…

In the World 28th January 2025

DeepSeek pricks the AI bubble

Juan Pedro Marín Arrese | A humble start-up company has dispelled the myth that AI development requires a substantial upfront investment. Spending only $5 million, it has achieved a better product than the leading semiconductor giants. Their shares sharply plummeted as investors realised that pouring so much money into their business proved too risky. A thorough reassessment of the expected returns has wreaked havoc on NVIDIA and other mega firms….

In the World 28th January 2025

Trump’s new trade threat: now wants universal tariffs “much higher” than 2.5 per cent

Norbolsa | The US president again spoke of his intention to set global tariffs to protect the country’s economy, stating that he is not going to do so immediately, but that he sees the tariff level clearly above 2.5%. This level has been put in the mouth of Treasury Secretary Bessent, although Trump does not believe that this is what Bessent supports and he himself sees a clearly higher tariff….

In the World 27th January 2025

China PMIs deteriorate more than expected

Link Securities | China’s official manufacturing PMI came in at 49.1 in January, below the consensus forecast of 50.1, which had also been the previous month’s reading. Recall that a reading above 50 points indicates expansion in activity relative to the previous month, while a reading below that level indicates contraction. Thus, the reading reflected contraction, and is the lowest level since last August. Production fell into contraction after three…

In the World 25th January 2025

Ferrovial warns of risks of uncertainty of Donald Trump’s government for business in US

Link Securities | The Spanish construction company, in a prospectus sent to investors in a €500-million bond issue, warns that politics in the US remains highly polarised and there is uncertainty about potential changes in federal, state and local regulation, which could increase the risks to its activity in the country, the newspaper Expansión highlights in its edition today. Likewise, Ferrovial also pointed out that diplomatic tension and social unrest…

In the World 23rd January 2025

Trump says he could impose 10% tariffs on China, 25% on Canada and Mexico and warns Europe of large trade deficit

Bankinter: Trump says he could impose a 10% tariff on China and warns Europe. The United States is considering a 10% tariff on China. He justifies it as retaliation for China’s exports of fentanyl. It marks 1 February as a key date. In this regard, on Monday Trump affirmed his intention to apply 25% tariffs to Canada and Mexico. Bankinter analysis team view: Trump sends a reminder that he will…

In the World 20th January 2025

Unlike BP, Shell, or Exxon, Repsol’s refining margin improves in 4Q24 to $4.8/b

Norbolsa | Repsol (REP) published its trading statement for 4Q24 on Wednesday at the close of the market. The production figure for Q4 (554 k b/d) was similar to that of Q324 and 7% lower than in Q422, with the maintenance of Brazil being offset by higher production in Libya. On a yearly basis, production stood at 571 k b/d, at the lower end of its target range for the…

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