Six Ibex 35 banks generated $20.85 billion in revenue in 2022, and the change sparked a debate over banking practices after many citizens made the switch as loans and mortgages remain more expensive following Central Bank rate hikes European (ECB). Pour gasoline The government itself… Read more
The Bank of Spain estimates that “young people” can deduct up to 25% of our GDP due to the shortage of qualified employees. Including due to the tight commodity market. He points out, however, that this European support can have a direct impact on the level of GDP five years earlier, an average of 1.15 %… Read more
Despite the intervention of the dollar in the Economy Market, the Central Bank lost reserves and barely managed to close the official gap. The Ministry of Economy has already spent 37.4% of the billion international reserves in the buyback operation announced by the head of the portfolio, Sergio Massa. According to … Read more
A pandemic disaster for many technology companies. If it seemed that the boom was never going to end, that is not the case for the giants of the sector. Even the strongest Apple published this Thursday, after the close of the New York Stock Exchange, its first quarter with falling sales and the largest drop in income... Read more
The accounting effects of the Bankia merger are invoiced to CaixaBank. The entity closed the 2022 financial year with a net profit of 3,145 million euros, 39.8% less than the previous year, the National Stock Market Delegation (CNMV) reported this Friday. It seems like a discord within a sector that beats… Read more
As expected, the European Central Bank (ECB) raised the three main interest rates by 50 basis points. Furthermore, the ECB announced in March that it would raise interest rates by another 50 basis points. Consequently, the interest rate on deposits to the funding rate (where liquidity… Read more
Santander closed 2022 with a record profit of 9,605 million euros, 18% more than in 2021, this improvement is due to improvements in revenues and margins. In addition, the accounts reflect a push by the investment bank Santander CIB, rowing against the current of the industry. The information was communicated by the entity itself… Read more
Vale (VALE3) marked its third consecutive low session this Tuesday (31st). The move follows a sharp drop in Chinese iron ore prices, with the benchmark price on the Dalian exchange falling from the previous session's contract high, as the market gauged demand in the country... Read more
Cryptocurrencies ended the month relieved after a rally that saw them recover from their 2022 downtrend. Some altcoins rallied over 100%, while bitcoin at $ 23,000 was up 50%. After losing a year, cryptocurrencies closed the month with strong gains after recovering in recent days. … Read more
Renfe made public this Monday the preliminary results for the end of 2022, this result has not managed to recover results, mainly due to the impact of the rise in energy prices and the fall in passenger traffic, which still suffers in the first quarter , years as a result of the recovery of cases… Read more