Finanzas

Desde la declaración de la renta si es complicada hasta el apoyo en la firma de una hipoteca, quizá puedas plantearte buscar un asesor

START with the good news from the trade negotiations between China and America. After weeks of threatening tariffs and counter-tariffs, representatives from the world’s two biggest economies are at last talking. Over two days of meetings in Beijing, which ended on May 4th, Chinese and American officials laid out their grievances and their demands. That, unfortunately, is where the good news ends. The positions that both sides took were so extreme and contradictory that compromise appears a remote prospect. What, until now, has largely been a war of words could easily careen into a full-fledged trade war.

Publicly, the two countries put a positive gloss on the outcome. Xinhua, China’s official news agency, described the talks as candid and constructive. It noted that they had agreed on some issues and recognised their “considerable differences” on others. On the evening the talks closed, President Donald Trump tweeted a sentiment that, by his standards, was sympathetic: “it is…Continue reading

Lo que parece una enorme ayuda fiscal a los ricos es, de hecho, una enorme ayuda fiscal a los ricos

THE message to markets could not have been clearer. On the morning of May 4th, following a run on the peso, Argentina’s central bank raised interest rates by 6.75 percentage points, its third hike in a week. The interest rate now stands at 40%, up from 27.25% on April 27th.

Across town Nicolás Dujovne, the treasury minister, told reporters that Argentina’s budget deficit, which was 3.9% in 2017, would be brought down to 2.7% this year, rather than the previously stated target of 3.2%. After the announcements the peso strengthened by nearly 5% against the dollar.

The combined measures slammed the brakes on what was looking like the start of an escalating crisis. Argentina’s peso had fallen by a fifth against the dollar since the beginning of the year, making it the worst-performing emerging-market currency. But the measures also harm the prospects of growth—and of Mauricio Macri, the president.

The problems began in January, following the central bank’s…Continue reading

El Banco Central la lleva la tasa al 40% tras una depreciación del peso de casi 12% en siete días. Hacienda anuncia una reducción de medio punto en la meta de déficit fiscal

La Policía Nacional detiene a 58 personas y desmantela una red de empresas de artículos electrónicos que ha defraudado 45 millones de euros en España y otros 15 en Europa

El supervisor señala que crece con fuerza y que se debe vigilar su evolución y morosidad

WHEN the Gulf carriers trumpet a new route, it tends to be one that goes to a major city with an international reputation. The big three—Emirates of Dubai, Etihad of Abu Dhabi and Qatar Airways—usually put on a good show to celebrate new flights to places such as  London, New York or Beijing. And so many brows were furrowed when on May 1st Akbar al Baker, Qatar Airways’s chief executive, arrived with his jamboree in Cardiff to make noise about his airline’s first flights to Wales’s capital.

Those who know British geography well know that Cardiff is the very opposite of a great metropolis. Although it is the capital of Wales and its biggest city, with just 360,000 inhabitants it is overshadowed by London’s 9m 150 miles to the east. Last year its airport handled less than 1.5m passengers, a fraction of the 8m or so who went via Bristol Airport, its main rival just across the River Severn. Cardiff Airport has struggled commercially in recent years. In 2013 it was…Continue reading

“DON’T panic yet,” advises the sandwich king of Ohio. Robert Grote is chief executive of JE Grote Company, a family-run firm in Columbus that is a global manufacturer of pizza-preparation machines, bacon-slicers and automated sandwich-makers. Since about half of its $60m or so of annual sales comes from outside America and his firm buys speciality steel from Europe, he is closely following President Donald Trump’s recent efforts to upend the global trading order. Though European executives he knows are alarmed, he says his American peers believe Mr Trump’s threats are probably negotiating tactics and are willing to “let it play out”.

Mr Grote’s relaxed stance might seem reasonable. The Trump administration first caused shock waves on March 8th by unveiling a 25% tariff on imported steel and a 10% tariff on imported aluminium, but quickly granted temporary exemptions to countries responsible for most of America’s imports of those metals. These exemptions were due to expire…Continue reading

So last season

NEAR the end of the antitrust trial over AT&T’s $109bn acquisition of Time Warner, Richard Leon, the presiding judge, asked Randall Stephenson, chief executive of AT&T, what the pay-television market would look like in seven years’ time. Mr Stephenson mused in his folksy Oklahoma drawl that seven years ago his predictions for today would have missed “so hard” when it came to the decline of pay-TV and the rise of competition from Silicon Valley.

The exchange sounds self-deprecating but it highlighted what AT&T argued was a crucial weakness in the government’s case. The Department of Justice, which is seeking to block the deal, has chiefly looked back to the past, not forward to a video and advertising market increasingly shaped by Netflix, Google and Facebook. Many analysts agree, and are cautiously optimistic about AT&T’s chances of a favourable settlement or ruling in time for the deal’s closing deadline of June…Continue reading