Perseverare Diabolicum
Last week the Council decided that Spain and Portugal’s recent efforts to reduce deficit were not enough. This lead to the two countries being fined, the first time this happens since the inception of the euro.
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Macroeconomics Should Consider Now The Equilibrium Between USA and China
J.L.M. Campuzano (AEB) | It’s the economy! Although the economy was certainly not an issue which weighed on a large part of the vote in the Brexit referendum. And maybe that’s exactly why the outcome took us all by surprise. Are the macro forecasts made prior to the referendum obsolete? I hope not…
Spain’s Public Deficit: Firemen Don’t Stand On Each Other’s Hoses
The European Commission did not want to meddle with Spain’s general elections on June 26th and has postponed until July its decision regarding a sanction for the country’s non-compliance with its deficit target. But none of the European community experts have ventured to confirm that this sanction will finally be imposed.
Capital Raising On A General Upward Trend Over The Last 5 Years
According to figures of last IOSCO’s report on market risks, since 2012, the volumes of equity IPOs (initial public offering) have been on a strong upward trend, reaching $934 billion in 2014, above the pre-crisis peak.
US And China Millennials Do Not Mark The End Of European Luxury
UBS | Following our recent launch report on European luxury we have undertaken an analysis of US and Chinese millennial (18-34 years) spending together with UBS Evidence Lab based on our survey of 2,109 consumers. We conclude that millennials will not mark the end to luxury consumption that some fear.
Consumer spending in Spain outpaces eurozone
The figures issued by the Bank of Spain have confirmed what we could already see with the naked eye; namely that Spaniards are losing their fear of the future and spending again. After several years of austerity, the consumers in Spain have gradually loosened their purse strings over the past year. And to such an extent that consumer spending rose 3.1% in 2015, almost tripling the 1.2% registered a year earlier.
Is Dubai the Next Silicon Valley of the Middle East?
Hebah Fisher | In the 1970s, the population of the United Arab Emirates (UAE) stood at 230,000. It is now 9.3 million with an economy that grew 230-fold, ranking presently as the 28th wealthiest nation in the world.
Financial Implications Of Economic Uncertainty
BARCLAYS | There is growing concern about the strength of the business cycle in Europe and globally. China continues to surprise to the downside, while markets are beginning to assign a meaningful probability of a US recession later this year. Markets are now wondering whether Europe’s growth outlook will remain unscathed
Iberdrola USA starts trading on NYSE with a market cap of $11.2 Bn
Iberdrola, Spain’s biggest electricity company, has completed the merger with the US firm UIL and the new group Avantgrid is now trading on the NYSE.
Shares in Iberdrola USA began trading yesterday at 38,75€/share (310 million shares), registering a fall over the day of 6.7% to 36,12€/share in an overall weak session.
Climate Change: A Clear And Present Danger
Atul Singh | Climate change is heating the planet, endangering the lives of billions of human beings and threatening the survival of other species. Therefore, it is little surprise that the 21st session of the Conference of the Parties (COP 21) is taking place in Paris to belatedly address climate change. US President Barack Obama has given a rousing speech outlining “the urgency of the challenge” of climate change.