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Sheinbaum Botín

In the World 19th February 2025

Santander to invest over €1,915 million in Mexico in next three years

Norbolsa | The bank has announced an investment of more than €2 billion (around €1.915 million) in Mexico over the next three years, emphasizing that it is the country where they see the most potential growth, following a meeting between the president of the Santander, Ana Botín, and the Mexican president, Claudia Sheinbaum. Botín also highlighted the stability of public finances in Mexico and that “the macro part is working”…

Ecoener

In the World 19th February 2025

French Development Finance Institution Proparco to finance Ecoener Payita 1 photovoltaic plant in Dominican Republic with €41 million

Link Securities | The Spanish renewable energy multinational has secured financial support from Proparco, the French Development Finance Institution, for the deployment of its renewable energy operations in the Dominican Republic. As part of its objective to support companies that promote sustainable development, the subsidiary of the Agence Française de Développement Group (AFD Group) has granted a loan of $43.1 million (around €41 million) to Ecoener to finance its Payita…

japon gente calle

In the World 17th February 2025

Japan shows surprising 2.8% growth in 4Q24 vs. 1.7% previously

Bankinter | Japan’s GDP surprised positively in 4Q 2024. GDP was up 2.8% (quarter-on-quarter annualised) versus 1.1% estimated and 1.7% previous (revised from 1.2%). Quarter-on-quarter was up 0.7 against a 0.3% estimated and 0.4% previous (revised from 0.3%). Our team’s view: Good news. The Japanese economy is growing more than expected, which together with inflation clearly above the 2% target (up 3.6% in December), will allow the BoJ to continue…

VladimirPutin

In the World 14th February 2025

Trump negotiates peace in Ukraine with Putin

The President of the United States, Donald Trump, has announced that he has reached an agreement with his Russian counterpart, Vladimir Putin, to begin “negotiations immediately” with the aim of ending the war in Ukraine. In the hours following the announcement, members of the Trump Administration have outlined some of the conditions for this agreement, which would involve overlooking Ukraine’s claims on Crimea, and even on the Russian-speaking territories already…

oil plataform

In the World 13th February 2025

International Energy Agency raises 2025 production estimate for US and maintains global demand

Bankinter | The International Energy Agency has raised its production estimate for the United States in 2025, but maintains its global demand estimate. Specifically, it forecasts that US production will reach 13.59mbd in 2025 versus the previous estimate of 13.55mbd. On the other hand, it maintains its demand estimate for the United States at 20.5mbd. Globally, it estimates that production will increase by 1.7mbd in 2025, while consumption will increase…

fed powell nov 2023

In the World 12th February 2025

Powell ‘in no hurry to lower interest rates further’ given good economic situation

Norbolsa | The chairman of the monetary authority, Jerome Powell, in his first appearance before Congress since his inauguration, endorsed the strength of the economy into which Trump is landing, although he avoided answering questions related to tariffs, Elon Musk, bank account security and other issues that reflect the instability of the government’s first weeks. In terms of monetary policy, he pointed out that the Fed is in no hurry…

china aranceles

In the World 11th February 2025

Chinese aluminium manufacturers to hardly be affected by US tariffs

Intermoney | The US is wielding tariffs as a weapon to achieve certain concessions and show its ability to exert pressure in certain areas, but we should not overestimate them, as in some cases the products lack high added value. This is the case with aluminium and China. Chinese aluminium manufacturers will hardly be affected by the US plan to impose tariffs of 25% on steel and aluminium imports. The…

naturgy fachada copia

In the World 10th February 2025

UK’s largest pension fund takes 10% stake in IFM (16.7% Naturgy)

Banc Sabadell | Nest (National Employment Savings Trust), the UK’s largest pension fund, has become a 10% shareholder in Industry Super Holdings, the holding company of Australian fund IFM (16.7% NTGY) with which it expects to invest close to £5bn (>€6bn) by 2030, according to press reports. Both expect to capitalise on significant investments in the UK private market and unlock new investments around the world. Assessment: Positive news with…

tecnicas reunidas 777x400 1

In the World 7th February 2025

Técnicas Reunidas closes $3.394 billion contract in UAE with Abu Dhabi National Oil Company

Bankinter | Técnicas Reunidas has informed the National Securities Market Commission (CNMV) that it has been awarded a contract in the United Arab Emirates for a total amount of $3.394 billion. Specifically, it will develop oil exploration and production facilities for Abu Dhabi National Oil Company (Adnoc). The project is estimated to last five years and is a turnkey deal. Opinion of the analysis team: Positive news. The contract is…

Ferrovial construcción

In the World 6th February 2025

Ferrovial to modernise electrical infrastructure between Grain and Tilbury for National Grid for €276 million

Alphavalue / Divacons | The Spanish construction, services and concessions company, through its UK Construction division, will carry out the £230 million (around €276 million) project to modernise the electrical infrastructure between Grain and Tilbury for its new client, National Grid, which manages the UK’s electricity grid. The project is part of a broader programme of infrastructure modernisation and improvement promoted by National Grid as part of The Great Grid…