Noticias

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Será el primer punto del orden del día este martes 18 de octubre Leer

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La decisión se enmarca en el proceso de adaptación de Caixabank al Código de Buen Gobierno de la CNMV, que recomienda no exceder los 15 miembros en los consejos de administración de las entidades. Leer

RARELY do people compare the British pound to the Nigerian naira, Azerbaijani manat or Malawian kwacha. But these are special times. Following the Brexit vote, investors dumped sterling. Some are worried about the possibility of a «hard» Brexit. Others are simply baffled by the government’s xenophobic and divisive rhetoric. 

One question which people have not really explored is, what assets precisely are investors selling? After all, British stockmarkets are on the up (in pound terms, at least). And Britain’s government-bond prices are still very high (though in recent days they have fallen a little). Both of those phenomena suggest that money is flowing into British assets, not out of them. 

We cannot be sure, but one likely explanation is that foreigners are selling cash holdings (instead of assets). The rise in the stockmarket, meanwhile, may be mainly due to the actions of domestic investors. The FTSE pays lots of dollar-denominated dividends so is increasingly attractive to British investors as the pound falls.

Anyway, so the pound is falling. How bad is the drop? To the right is a chart of a year-to-date change against the…Continue reading

El tribunal ratifica así la decisión adoptada por el juez instructor del caso, Fernando Andreu. Leer

Martín Varsavsky consigue 200 millones de dólares de inversión para tener bebés con un proceso programado y controlado al milímetro

IT HAS been a long time since the economy really worked well for most American workers. Those without a college degree have found themselves losing relative economic ground since the early 1980s, and nearly all workers have had a rough time of things—facing stagnant pay, for example—since the beginning of this century. It would be really great if workers, and those with less education especially, could find ways to earn more. In an intriguing piece published over the weekend, Neil Irwin, of the New York Times, suggests that Walmart, the massive discount retailer, may have found an answer: pay workers more and you get better workers. It sounds fantastic, a win-win for everyone, and why has it taken firms so long to discover this possibility? Yet the solution might not be as simple as all that.

Mr Irwin notes that Walmart has long been one of the most aggressive and influential cost-cutters in the American economy: credited, in some studies, with single-handedly depressing pay…Continue reading

RESTRICTIONS on smartphones aboard aeroplanes have long been a bugbear of business travellers. Rules proscribing their use are slowly falling away; they might not after all, it has been decided, interfere with an aircraft’s systems. (This was discovered, coincidentally, around the same time that carriers found that they could charge for onboard Wi-Fi.) But now airlines are banning them them once again. Or at least one particular type: the Samsung Galaxy Note 7

These phones, it seems, might pose a real danger to an airliner in flight. It was the Note 7’s propensity to catch fire that persuaded American authorities to ban them on American flights last week. (Back in September, some carriers had already told passengers not to re-charge them while aboard.) However, in the past few days, many other airlines around the world have followed suit. Over the weekend Japan’s transport ministry said it was prohibiting passengers from flying with the phones. Those caught trying to smuggle the devices onto carriers such as ANA would have them confiscated, it said. Emirates and Etihad are also taking a hard line, the latter insisting that «Guests must not carry Samsung Galaxy Note 7…Continue reading

La inflación se sitúa en el 0,4% en septiembre, aún muy lejos del objetivo del BCE