Finanzas

Los accionistas que opten por el cobro en efectivo recibirán 0,340 euros

FOR years Elon Musk, a South African-born tech entrepreneur, has been telling anyone who will listen that the future of travel is the hyperloop. (Although he thinks it might also be driverless cars. Or perhaps affordable space travel.) Dubai may be about to test the limits of Mr Musk’s imagination.

The hyperloop is a train that moves along a tube that is kept at a thousandth of the normal atmospheric pressure at sea level. Because air resistance is one of the biggest obstacles to high-speed travel, all but eliminating it means that hair-raising velocity becomes possible. The proposed technology could shunt passengers along tunnels at perhaps 745mph, which is faster than a…Continue reading

El éxtito de la saga de cine y el estreno del parque temático en China dan sustento al crecimiento del conglomerado, que afronta la erosión del cable

Méndez de Vigo confirma que la actualización del cuadro macroeconómico se remitirá en las próximas semanas a Bruselas

Enrique Fernández Moya será el nuevo secretario de Estado de Hacienda en sustitución de Miguel Ferre

Funcas y BBVA consideran que el nuevo Gobierno tiene que impulsar una batería de medidas integral para impulsar el empleo y evitar la desigualdad

El selectivo español retrocede un 1,59% lastrada por las energéticas y tecnológicas

AFTER the Brexit referendum and the election of Donald Trump, and the subsequent market reactions, I think we are closing in on a decent theory of the way liquidity traps end.

That might be going too far. Markets have not had that much time to process the American election outcome, and what time they have had has sent some mixed signals. Yet among the clearest market moves since the morning of November 9th has been a sharp drop in Treasury prices, accompanied by a sharp rise in implied inflation expectations as determined from inflation-protected Treasury securities. Now: sharp is relative. But markets are showing signs of that they expect reflation under Mr Trump. And they have reason to. Mr Trump seems keen on massive tax cuts and a big increase in government spending (on defence, and perhaps also on infrastructure). Mr Trump might just represent macroeconomic regime change.

Let’s back up. The theory of liquidity traps first began to develop in the 1930s, when John Hicks picked up where John Maynard Keynes left off, in response to events of the Depression. Keynes explained that when an economy was operating at less than full employment, then a rise in government…Continue reading

La presidenta del Santander cree que esta política no funciona porque no ha hecho subir los créditos

The world according to Thiel

“I’D LIKE to wake up now please,” tweeted Sam Altman, who heads Y Combinator, Silicon Valley’s foremost startup school. The sentence neatly encapsulates the mood in the high-tech hub. To many in the technology industry, America under Donald Trump means dystopia. Perhaps no other sector regards his victory with less enthusiasm.

The main reason is that his stated views are antithetical to the beliefs that most entrepreneurs and tech types hold on a range of topics from trade to offshoring to policy on immigration. By one estimate the tech industry gave nearly $8m to Hillary Clinton’s campaign. Silicon Valley also worries that it will lose its direct lines to the administration in Washington. According to the Campaign for Accountability, a transparency group, no fewer than 22 former White House officials have gone to work for Google since Barack Obama moved in. Under Mrs Clinton the door would have kept revolving.

Only one noted Valleyite is likely to have the president’s ear: Peter Thiel, a venture capitalist. He alone supported Mr Trump, speaking at the Republican convention…Continue reading