MADRID | Sean Duffy | Third time may be a charm for Spanish group as IPO belatedly goes ahead on Wednesday.
MADRID | By The Corner team | The Argentinian currency’s fall is the biggest in 12 years with a yearly drop of 17%. Although the key for European peripheral countries may be other countries’ contagion like Brazil, Mexico or Venezuela, their exposure to Argentina is moderate. In the case of Portugal it is almost near zero. And what about Spain, specifically?
MADRID | By Luis Arroyo | During the so-called Transition period in Spain, a new entrepreneurial force should have arisen, but there was a destruction of the nationalized companies. Thus, the country doesn’t have strong big firms. Something is wrong with the Spanish fiscal system.
MADRID | By Javier Flores and Tania Suárez | Major foreign investment operations in Spain are essentially financial and take place in strategic sectors. Bill Gates’ purchase of 6% of Spanish construction company FCC for €113.5 million is a good example. And the trend will continue and speed up in the coming months.
MADRID | By JP Marin Arrese | The IMF’s warning on the hefty pile-up of corporate debt has triggered angry comments from top Spanish companies. The Washington-based institution has voiced concern about its destabilizing effect on financial solvency. A lingering recovery is likely to turn liabilities into soaring non-performing assets in banking balance sheets.
MADRID | By Tania Suárez | Spanish company Inditex –Zara’s group and the world’s largest clothes retailer- published its first semester fiscal year results on Wednesday. After years of amazing performance, the firm seems to be losing market – it posted a 6% rise in sales to €7.7 billion, compared with a 17% rise in the same period last year.
MADRID | By Tania Suárez | A total of 17 Spanish companies belong to the 2013 edition of Dow Jones Sustainability Index (DJSI). Among them, it is especially remarkable the return of Telefónica SA and Abertis Infraestruturas SA, which were out of the index in previous editions. Furthermore, this year there are two more Spanish companies in the DJSI: ACS and FCC.
NEW YORK | Several of the top Spanish companies put on a big show this Friday at New York’s Nasdaq. Telefonica, Indra, Dragados, Santander, Iberia, Repsol and many more shared their perspectives at the Spanish Economic Forum in order to boost their image among American investors and break some stereotypes. But how much do these iniciatives help to build real muscle? On the to do’s list: showing more optimism and sharing the cake with the start-ups.
MADRID | More than 200 businesses in Spain fight back the crisis with at least 20 percent growth rates since 2008. The majority are based in Catalonia and Valencia, with a turnover of between €2 million and €10 million.