Bonds

“New Deal” for Securitisation: over €185 billion issued in Europe by close of Q3 2025, approaching 2024 figure of €245 billion

Manuel González Escudero (Managing Director of Intermoney ABF CIMD Group) | On October 31st, the Bank of Spain, the Ministry of Economy, Trade, and Business, and the CNMV (Spanish Securities Market Commission) announced a strategic collaboration to strengthen the securitisation market, with the aim of improving business financing, especially for SMEs. During a financing conference, Minister Carlos Cuerpo and Governor José Luis Escrivá presented the creation of a European securitisation…

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Crédito y CauciónCrédito y Caución
Alemania China

German exports accelerate by 0.1% compared to previous month, exceeding expectations of 0.5% decline

Norbolsa | German exports rebounded unexpectedly in October, exceeding expectations of a decline. Meanwhile, exports to the US and China fell sharply. Total exports accelerated by 0.1% compared to the previous month, differing from the forecast of a 0.5% decline. Imports fell by 1.2%, while the overall balance showed a surplus of €16.9 billion in October, compared to €15.3 billion in September. Exports to eurozone countries grew by 2.7%, while…

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Banner CIR, junio 2022

EUU empleo casco trabajador

Layoffs give Fed doves one last reason to be cautious: job vacancies in October rise to 7.67 million, well above 7.12 million estimated

Intermoney | As a prelude to today’s Federal Reserve meeting, on Tuesday we learned the latest labour market data. Specifically, job vacancies in October rose to 7.67 million, well above the 7.12 million estimated by the Bloomberg consensus, although there were nuances that detracted significantly from the overall figure. Lower hiring and increased layoffs suggest a somewhat weaker labour market. On the one hand, the number of layoffs in October…

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interviews

antonio bonet

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

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ElenaJimenezdeAndrade

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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