Noticias
La renta fija dispara el beneficio de Morgan Stanley un 62%
Morgan Stanley ha puesto el punto final a la temporada de resultados bancarios en Estados Unidos con unas cifras que consolidan un buen trimestre para el sector. Leer
American airlines can no longer ignore cheap European rivals on transatlantic routes
GULLIVER tried an experiment the other day: he visited Kayak, a price-comparison website, plugged in some random dates in December, and looked for flights between New York and Berlin. The lowest fare that came up was a modest $387, with Norwegian Air Shuttle. The second-lowest fare was $419, also with Norwegian. After that came several flights combining legs on Norwegian and other airlines, including easyJet and Iceland’s WOW air, and a full itinerary on WOW. Only after scrolling through nearly two pages of results did the cheapest fare not involving one of these low-cost airlines appear: a $742 itinerary on Aer Lingus.
The lowest fare on an American airline didn’t show itself until page 19 of the results. That round-trip flight, with United, was selling for $2,123—more than five times the cheapest fare, with Norwegian.
That, to put it mildly, is a problem for American carriers. The big American airlines used to compete only with their European equivalents—the likes of Lufthansa, Air France and British Airways—on transatlantic flights. It was a reasonably friendly fight, since they co-operated through codeshare alliances. The…Continue reading
El FROB se ha personado en 24 causas penales contra entidades nacionalizadas
El fondo ha denunciado 47 operaciones irregulares, que suman un perjuicio de 3.588 millones de euros
El Frob reconoce una recuperación «exigua» de las ayudas públicas a la banca
El Fondo ve «razonable» la fusión Bankia-BMN, pero no descarta su venta por separado. Leer
China’s uncannily stable growth versus the price of reform
IN THE pantheon of economic clichés, the concept of “short-term pain for long-term gain” is surely a contender for top spot. It is trotted out again and again when discussing why Country X must undertake such and such difficult reforms to reap untold benefits down the road. For those analysing or reporting on the Chinese economy, it has become a familiar refrain. This does not mean it is wrong; China’s old growth model of credit-fuelled investment has led to a vast accumulation of debt and a big drop in productivity. Change is needed, even though there will be costs. But being a cliché, it can obscure details. What exactly is this short-term pain?
To start, one thing that should be clear: China has so far felt little in the way of pain. Although some regions, especially the north-east, have endured a tough few years, China has kept defaults to a minimum and held its credit spigot wide open. Thanks in large part to that, the economy grew 6.7% in the third quarter from a…Continue reading
China mantiene su ritmo de crecimiento en el 6,7% en el tercer trimestre
La segunda economía mundial mantiene la senda alcista gracias a los estímulos y al repunte del sector inmobiliario
La calidad de vida en España seduce al talento extranjero
Directivos y profesionales extranjeros se mudan al país atraídos por el clima, la cultura y el estilo de vida