Finanzas

Linde advierte sobre los «efectos negativos» sobre el empleo de subir las cotizaciones

WHEN President Donald Trump announced his travel ban last month, affecting people from seven majority-Muslim countries, this blog wondered what effect it would have on tourism and business travel to America. “The direct impact to tourism of a travel ban from these countries will be small,” a fellow Gulliver noted, since “each sends a piddling number of visitors to America.” But there was a bigger concern: “Will the decree—easily interpreted as a deep hostility to the world beyond America’s shores—put off global travellers?”

Two weeks later, it has become clear that the answer is yes.

Last week, the travel ban was blocked temporarily by a federal judge and the suspension upheld by a panel of appeals court judges. But that hasn’t stopped Mr Trump’s executive order from having an effect on travel to the United States.

Hopper, a market research firm, looked at online searches for flights into America, comparing the final weeks of the Obama administration with the…Continue reading

El tribunal asume la sentencia europea y aplica retroactividad total a los contratos que fueron abusivos

El supervisor dice que la iniciativa no parte de la cúpula, sino de la dirección de supervisión

El supervisor afirma que la investigación establecerá que sus actuaciones se ajustaron al cumplimiento de la normativa

El banco germano se hace con el 5,17% del grupo aéreo de Iberia

OVER the course of more than 200 years in the tequila business, Jose Cuervo will have been responsible for a fair few moments of giddy pleasure. Last week, it got one of its own thanks to a successful initial public offering (IPO). It was eight times oversubscribed and raised 18.6bn pesos ($920m) in exchange for 15% of the company.

Jose Cuervo, which is based in the western state of Jalisco, is one of the country’s best-known brands, and has been run by the same family for 11 generations. It dominates the Mexican tequila industry; sales in 2015 came to 18.5bn pesos. It also holds an assured place in the history of mixology: the original margarita cocktails were purportedly made with Jose Cuervo tequila.

Long considered a candidate for flotation, it eventually published a prospectus in September 2016. The IPO was delayed, though, seemingly to allow the company to take stock of the impact of Donald Trump’s election victory in November. Since then the peso has dropped over 10% against the dollar, and Mr Trump’s desire to rework, even to rip up, the North Atlantic Free-Trade Agreement, and perhaps impose a border tax on Mexican exports to America has sent tremors…Continue reading

La presidenta de la Reserva Federal destaca el valor de la inmigración para potenciar el crecimiento económico

Are thousands of banking jobs set to migrate from Britain into the eurozone? Patrick Lane discusses potential destinations with host Simon Long. Also: a currency catastrophe in Zimbabwe and the decline of the executive jet