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Australia spain firms

Ibex, Markets, Spanish economy 17th November 2020

ACS, Acciona And Ferrovial Compete For €2.15 Bn Australian Railway Project

he three main Spanish infrastructure groups with a presence in Australia, ACS, Acciona and Ferrovial are in the final push for a new multi-million dollar project in the oceanic country. The companies are part of two of the three consortiums which have entered the bidding phase to execute the main works of the Inland Rail. This is the largest railway project in the country for 100 years. It consists of a high productivity freight corridor between Melbourne and Brisbane.

Cellnex Hutchinson

Ibex, Markets, Spanish economy 16th November 2020

Cellnex Buys CK Hutchison’s European Tower Business And Approaches The World Leader American Power

Cellnex has announced it will buy the Hutchinson towers in Europe for 10 billion euros. The operation will be paid partly in shares so that Hutchinson will acquire 5% of the Spanish group. Since its IPO five years ago, this has invested more than 25 billion euros in purchases. This latest operation with CK Hutchinson will position Cellnex with more than 100,000 towers closer to the world leader American Tower. 

Spain pfizer vaccine

Spanish economy 16th November 2020

Spain To Acquire Around 20 Million Doses Of Pfizer Vaccine To Immunize About 10 Million People

Spain’s Health Minister, Salvador Illa, hopes that “this week or next”some more contracts can be signed with new pharmaceutical companies to acquire a future vaccine against Covid-19. These include Pfizer and Biontech. Last Monday, these companies announced that their vaccine is more than 90% effective, after the “success” of the first intermediate analysis of their phase 3 trial.

budget2021 amendments

Spanish economy 13th November 2020

Spain’s Budget 2021: Improvable, But Far From Being The Worst Possible To Show A Responsible Country

Joan Tapia | Yesterday, the Spanish Parliament rejected, with a large majority the complete amendments to the 2021 budget. It is an important step towards political stability and the possibility of creating an economic policy to fight the crisis. From the economic point of view, the Budget may be substantially improved, but we have the government that we have, PSOE with Podemos. So the accounts for 2021 – in the midst of great world uncertainty – are far from being the worst possible.

okBBB

I.R. Spain, Spanish economy 12th November 2020

Quarterly Earnings Reporting And The Encouragement Of Long-Term Shareholder Engagement

Francisco Blanco Bermúdez* | The transposition into Spanish law of EU Directive 2017/828, dealing with the encouragement of long-term shareholder engagement in listed companies, and some other related proposals will imply some changes to Spanish legislation. For example, the striking proposal that will mean that listed companies will be free to publish or not publish financial information on quarterly results.

agri food

Spanish economy 12th November 2020

The Resilience Of Spanish Agri-Food Exports

Caixabank Research | The agri-food sector is a key pillar of the Spanish economy’s foreign sector. In 2019, sales overseas amounted to €50.361 Bn, 5.9% more than in 2018, representing 17.4% of total exports. Within the general pattern of decline in international trade due to the Covid-19 pandemic, Spanish agri-food exports grew by 4.9% year-on-year in January- July 2020, which contrasts with the drop in total exports of goods (-14.6%). So the weight of agri-food exports increased significantly to 30% in April.

spanish companies

Spanish economy 12th November 2020

Public Aid Saved 25% Of Spanish Companies From Their Liquidity Risks

Spain is the country most affected by the decline in productivity due to the Covid-19 pandemic because its economy is more vulnerable. The reason is it depends on the most affected sectors, like tourism, hotels and restaurants, having fewer manufacturing companies, according to a recent article in the European Central Bank’s Economic Bulletin. The article analyses the impact of the Covid-19 pandemic on the productivity of German, French, Italian and Spanish companies.

tokyo stock exchange 1

Spanish economy 11th November 2020

Japanese Investors Were Net Buyers Of Spanish Bonds In September

Bonds from the European Union have become popular among Japanese investors. Already in July, Japanese funds bought record amount of Italian debt. However in September, they purchased a net 235 billion yen ($2.15 billion) of Spanish bonds, while selling a net 127.7 billion yen of Italian paper during the month, the data from Japan’s Ministry of Finance showed.

pfizer anuncia 1

Ibex, Spanish economy 10th November 2020

The Ibex35 Had The Highest Rise In A Day In The Last Decade After Pfizer And BioNtech Announcement

Banca March | Euphoria yesterday in a good part of the world’s stock exchanges, after the Pfizer-BioNTech consortium announced an effectiveness of over 90% in its prototype of a vaccine against the Covid-19. In Europe, the Ibex 35 took the lead (up 8.5%), as it registered the highest rise in a session in the last 10 years. This excellent news reminds us how quickly the world can change once there is a remedy. And it can favour countries and/or sectors which up to now have been more affected by social isolation.