Miguel Ángel Tramullas | The price of second-hand homes is recovering in Spain, in part driven by the interest of investors who are buying in the big cities to then rent the property out, as a viable option given the lack of alternative investments.
China is already the top lender in Latin America, while Spain is the second biggest investor in the region after the US. But joint projects there are scarce.
Trump and the republicans are already considering a fiscal amnesty which would repatriate – with a tax rate of 10% – the 2.5 billion dollars US companies have outside the country.
OPEC has finally agreed to cut production by nearly 1.2 million bpd from January and for 6 months, representing about 4.5% of global output. Now we need to ask two questions: will the cartel countries respect the agreement? What will happen with the recent investment deficit in the sector? Will it still be profitable for the big producers to extract oil?
Germany is a country of travellers. Three out of every four people go on holiday at least once a year. And Spain is their main foreign destination: over 10 million Germans visit the country on an annual basis – spending almost 10 billion euros – running a close second to the number of UK tourists to Spain. Almost half of them travel with a package deal from TUI, world leader in the sector. Sebastian Ebel is the CEO of TUI Germany.
J.L.M. Campuzano (Spanish Banking Association) | Spain’s economy had a funding capacity of 9.021 billion euros in the second quarter of the year, when compared with the rest of the world. But is it a good thing for a country which needs investment in order to create jobs to have financing capacity?
The future of Europe has more to do with investment than with the ECB. In this context, the so-called Juncker Plan is especially interesting for driving investment, against a backdrop of continued uncertainty for companies. This is a note from Intermoney’s analysts.
John Bruton | The best way to avoid stagnation induced by uncertainty would be for governments in developed countries to produce comprehensive, demographically-based scenarios for the economy over the next 30 years.
Coco Feng via Caixin | Growth in China’s fixed-asset investment from January to July slipped to 8.1 percent, the lowest year-to-date rate in over 16 years, as private companies tightened their purse strings, data from the National Statistics Bureau (NBS) released on August 12 showed.
There are a lot of indicators which basically show that the US economy is strong, but it’s a “weak” strength, since it has been unable to maintain average growth of 2%. A weakness I see in the US economy is investment: in the second quarter it declined, which is not a sign of strength.