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1 week ago | 
bloomberg.com | Henrique Almeida |Macarena Munoz |Jorge Zuloaga
A Banco Santander SA ATM. (Bloomberg) -- Banco Santander SA is weighing job cuts in its Portuguese asset management unit as it seeks to cut costs. Santander AM is considering cutting headcount in Lisbon in a bid to make savings and as some work is transferred to Spain, people familiar with the deliberations said. The unit employs about 28 people the people said, asking not to be identified as the deliberations are private.
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2 weeks ago | 
news.bloomberglaw.com | Macarena Munoz |Julien Ponthus
European stocks plunged toward a correction as China retaliated against US tariffs, escalating the global trade war. The Stoxx Europe 600 Index slid as much as 5.4%, taking losses since March’s record high to more than 10%. The benchmark was set for its worst week since the outbreak of the Covid-19 pandemic five years ago.
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4 weeks ago | 
financialpost.com | Macarena Munoz |Julien Ponthus
The Stoxx Europe 600 Index retreated 0.7% by the close in London, with technology and auto stocks declining the most. Energy and utilities gained. President Donald Trump is reportedly readying an announcement on auto levies as soon as Wednesday, a move that would escalate his fight with global trading partners ahead of a broader tariff push on April 2.
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1 month ago | 
bloomberglinea.com.br | Jorge Zuloaga |Macarena Munoz
Bloomberg — O Santander tornou-se o primeiro banco da União Europeia, em quase uma década, a ser avaliado em mais de 100 bilhões de euros (US$ 108 bilhões), à medida que os investidores se acumulam cada vez mais no setor. As ações do banco espanhol subiram 1,8%, para € 6,62, na terça-feira, o que elevou sua capitalização de mercado para € 100,3 bilhões.
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1 month ago | 
financialpost.com | Macarena Munoz |Clara Hernanz Lizarraga
Share this Story : Spain's 'Pragmatic' Stance on China May Lure Another €3 BillionChinese companies are negotiating an additional €3 billion ($3.3 billion) of investments in Spain as the country adopts a “pragmatic approach” to relations with Beijing, according to the Asian country’s ambassador in Madrid.
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1 month ago | 
bloomberglinea.com.br | Michael Msika |Macarena Munoz |Abhishek Vishnoi
Bloomberg — Os estrategistas do Citigroup rebaixaram sua visão sobre as ações dos EUA para neutra, em vez de sobreponderada. Segundo eles, a hegemonia das ações dos EUA está em pausa, pelo menos por enquanto. A opinião neutra sobre as ações dos EUA é para os próximos três a seis meses, escreveram os estrategistas do Citi, incluindo Dirk Willer, em uma nota. Eles acrescentaram que são esperados mais dados negativos dos EUA.
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1 month ago | 
financialpost.com | Michael Msika |Macarena Munoz |Abhishek Vishnoi
Follow The Big Take daily podcast wherever you listen. The latest leg down in what is now a three-week market selloff came as strategists continue downgrading their view of US equities. Citigroup Inc.’s were the latest to weigh in, lowering their rating on US stocks to neutral from overweight. That lukewarm take is over the next three to six months, strategists including Dirk Willer wrote in a note, adding that more negative US data prints are expected.
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1 month ago | 
financialpost.com | Macarena Munoz |Levin Stamm
The Stoxx Europe 600 Index sank 2.1% by the close, the steepest drop since August. The Euro Stoxx 50 fell 2.8%, while Germany’s DAX Index wiped out Monday’s gain with a 3.5% decline. Sectors vulnerable to a trade war, including automakers and metals stocks, plunged after US President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China. In retaliation, China imposed tariffs on some US goods.
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2 months ago | 
news.bloomberglaw.com | Macarena Munoz |Pablo Mayo Cerqueiro
Spanish travel technology firm HBX Group International Plc’s shares slid in their Thursday debut, marking a rocky start of trading for Europe’s biggest initial public offering so far this year. The stock closed at €11.00, down 4.3% from the price of its IPO. HBX and shareholders Canada Pension Plan Investment Board, Cinven and EQT AB raised €748 million ($779 million) in the offering. The company’s backers could raise an additional €112 million via an overallotment option following the debut.
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2 months ago | 
news.bloomberglaw.com | Macarena Munoz |Pablo Mayo Cerqueiro
Spanish travel technology firm HBX Group International Plc’s shares slid in their Thursday debut, marking a rocky start of trading for Europe’s biggest initial public offering so far this year. The stock fell by as much as 8.7% to €10.50, after the offering had priced at the midpoint of the marketed range at €11.50 per share. HBX and shareholders Canada Pension Plan Investment Board, Cinven and EQT AB raised €748 million ($779 million) in the offering.
