Norbolsa | Acciona (ANA) has won a contract in Australia to design and build two inland wharves at Lumsden Point Port, Pilbara, with a total budget of AU$662 million (€400 million). The port will be key to exporting minerals such as lithium and copper, essential for batteries, and importing renewable energy infrastructure.
Bankinter: Caixin Manufacturing PMI (December): 50.5 vs. 51.7 expected vs. 51.5 previous. The PMI breaks the two-month upward streak and falls more than expected. Fears of new tariffs on Chinese imports when Trump takes office on 20 January dampen purchasing executives’ expectations. The data is in line with the official Manufacturing PMI which was released three days ago with a reading of 50.1. Despite both slowing, President Xi Jinping recently…
Norbolsa | Economic activity is expected to exceed $17.8 trillion in 2024, said President Xi Jinping in his New Year’s speech, acknowledging the new challenges facing the economy in the face of global uncertainty and the pressure to transform old growth engines into new ones. He added that the government will implement new proactive measures to boost growth through 2025. Indeed, looking ahead to 2025, Xi said the country aims…
Alicia Gª Herrero (Natixis) | On the eve of Donald Trump’s election win in November, the world economy was already under stress with a slowing Europe, a grinding war in Ukraine and a stagnant Chinese economy. Yet there was hope that as central banks started to bring high inflation under control, lower interest rates would buoy economic activity and the world economy in 2025. But Trump’s victory is taking the…
Alphavalue/DIVACONS | The oil company’s CEO, Jose Jon Imaz, criticised the government for “settling regulatory and fiscal policies in a bazaar” and urged to “raise our voices against the tax on energy companies”, assuring that it is “making investment in Spain impossible”. In other news, as we read on Monday in elEconomista, Ecopetrol has entered the sale of 45% of the Colombian oilfield CPO-09, which Repsol held in the country…
Norbolsa | BBVA (BBVA) has already received the green light from the Mexican Competition Commission (Cofece) for its takeover bid for Banco Sabadell (SAB). On Monday, the Mexican regulator gave the bank the go-ahead, which has determined that the notified operation is unlikely to affect the process of competition and free economic concurrence. BBVA’s transaction with Sabadell includes the indirect acquisition of Sabadell’s Aztec subsidiary and the rest of its…
j.P. Marín Arrese | The coming year will start on January 20th when Donald Trump becomes president. We already have a taste of what might happen. In a way, Trudeau became the first to prove it as he travelled to Mar-a-Lago in a desperate effort to cajole his guest into dropping plans for crippling trade tariffs. Far from reaching his goal, Trump advised him to switch Canada into the 51st…
BancaMarch | The US Congress is close to agreeing on a stopgap government spending bill to avert Saturday’s government shutdown. The temporary measure will fund the government until 14 March. Lawmakers have agreed to add a number of provisions, including more than $100 billion in funding for disaster relief, more than $10 billion in economic assistance for farmers and authorising the sale of E15, a fuel blend that is 15%…
Intermoney | According to various media reports, Meliã (Buy, P.O. 9.0) has reached an agreement with Dominican entity Grupo Popular for the sale of 25% of two hotels (Paradisus Palma Real Golf & Spa and ZEL Punta Cana) in Punta Cana for €60 million. No further details have been given regarding the price paid compared to the last valuation or how it will affect its bottom line. Assessment: Positive news,…
Link Securities | Turner, ACS’s US subsidiary, has won a $158 million (around €150.4 million) contract to build a state-of-the-art Emergency Operations Center in Costa Mesa (California, USA), Expansión reports today. As reported by Turner on Monday, the facility will strengthen emergency preparedness and response capabilities in Southern California by providing critical infrastructure for disaster and emergency management. The centre will coordinate emergency management and disaster response.