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.