Finanzas

FEW firms have more power to heat up the cauldron of global geopolitics like Gazprom, the state-backed Russian energy producer. It supplies more than a third of the natural gas that Europeans use for power generation, heating and cooking, creating what many—especially Americans—see as an unhealthy dependence (see chart). It has used its strength to bully countries which are out of favour with the Kremlin, such as Ukraine and Poland. And it is engaged in a growing rivalry with American exporters of liquefied natural gas (LNG) to Europe and China, a competition which potentially adds to the world’s trade tensions.

The firm also revels in its bad-boy image. When its…Continue reading

Bruselas reclama un ajuste equivalente al 0,3% del PIB para este año

España es ya el único país de la UE con déficit excesivo tras la salida de Francia

AS A citizen, Dave Jones worries that climate change may imperil his two children, and theirs in turn. What exercises him, as California’s insurance commissioner, is the way in which a transition to a low-carbon economy might affect the financial health of his other charges—the state’s 1,300-odd insurers. On May 8th Mr Jones unveiled an examination of how well the investment portfolios of the 672 insurers with $100m or more in annual premiums align with the Paris climate agreement of 2015, in which world leaders vowed to keep global warming below 2°C relative to pre-industrial times.

The answer is, not very. In the next five years carbon-intensive firms in the insurers’ portfolios plan to produce more internal combustion engines and coal-fired electricity than the maximum the International Energy Agency (IEA) reckons is compatible with meeting the 2°C goal (see chart). Meanwhile, investment plans in renewable energy and electric vehicles lag behind the IEA’s projections of what is needed.

The results echo those of a study last…Continue reading

La Administración General del Estado envía a las comunidades el informe sobre el debate técnico para la reforma de la financiación

Luis Linde, que dejará el Banco de España el 8 de junio, se despide con un informe anual en el que apunta recetas para el futuro

Stacey Cunningham, hasta ahora jefa de operaciones, sustituirá el viernes a Tom Farley

Según el Informe Anual de 2017, la prioridad es la reducción de los activos morosos y adjudicados

El FROB admite un deterioro de su inversión en el banco malo de 947 millones por sus proyecciones de negocio

Los presupuestos públicos deberían servir para reforzar la economía, pero no parece que vaya a pasar