By CaixaBank research team, in Barcelona | Of the events occurring recently on the world economic scene, three have significantly affected the current fate of Brazil's economy. On the one hand, the confirmation of China's economic slowdown in the first quarter; on the other, the progress made in correcting commodities markets and, lastly, more intense tensions in the euro area's debt markets are causing a marked upswing in global aversion…
La Caixa research team, in Barcelona | The role played recently by central banks in the current scenario is being decisive. Since 2008, they have demonstrated an extraordinary capacity to take decisions and act in response to the financial shocks occurring. Thanks to this sustained commitment they are achieving, at least in part, their desired goals of relaxing tension in the capital markets and boosting economic activity. As is usual, the…
MADRID | Banco Santander registered a net attributable profit of €1.604 billion in the first quarter of 2012, a decline of 24% year on year. Santander, that released Thursday its results for the January-March period of this year, noted that this decline was mainly due to the significant increase in provisions for non-performing loans, which rose by 51% to €3.127 billion. Banco Santander revenues in the first quarter grew by more than…
By CBRE’s Eduardo Fernández-Cuesta, in Madrid | In a time of extraordinary global economic and political uncertainty, multinational corporations have focused their growth plans in the opportunities offered by emerging markets. Indeed, they are countries attractive for growth and increasingly popular. Turkey, for example, grew by over 8% last year, becoming one of the fastest growing economies worldwide along with Brazil and Mexico, which has based its spectacular development in recent years…
LONDON | Investment professionals in the UK favour a more pleasant global economic outlook than in previous quarters, although the sector still remains cautious. The results from the latest Barings Investment Barometer showed Monday an increase in optimism, with concerns over the risk of a double dip recession reduced by almost two-thirds and number of advisers citing it as a major global macroeconomic challenge at just 10%, down from 28% in Q4…