"China Unicom (NYSE: CHU) gains after the mainland's No.2 wireless player reaches a deal with Spain's Telefonica (NYSE: TEF)."
[Source] - Reuters
Showing posts with label Spain. Show all posts
Showing posts with label Spain. Show all posts
Sunday, September 13, 2009
China Unicom and Spain's Telefonica team up
"China Unicom (NYSE: CHU) gains after the mainland's No.2 wireless player reaches a deal with Spain's Telefonica (NYSE: TEF)."
[Source] - Reuters
Tuesday, July 7, 2009
China to buy Repsol Assets in Argentina - Update
[China - Argentina - Spain]China's CNPC said offering $14.5 billion for Repsol investment - Market Watch
SAN FRANCISCO (MarketWatch) -- China National Petroleum Corp. has offered up to $14.5 billion for a majority stake in the Argentine unit of Spanish oil company Repsol YPF SA, according to media reports published on Tuesday.
The South China Morning Post, citing unnamed sources, reported that CNPC has offered between $13.2 billion and $14.5 billion for a 75% stake in the unit.
Dow Jones Newswires reported that Repsol said last week that it had received proposals from a number of companies for a stake in the unit.
China has been acquiring energy assets as its growing economy demands more resources to support its needs.
Sinopec has also secured a deal with Brazilian firm Petrobras (PEFGF) to supply it with 150,000 barrels of crude a day this year, and 200,000 barrels per day for nine years starting in 2010, according to the state-run China Daily.
Argentina and Spanish oil giant Repsol still thinking...
[China - Argentina - Spain]
Pretty good Wall Street Journal articles hit the presses in NYC today relating to the topic of Repsol selling their assets in Argentina to China
CNOOC Says Interested In Cooperation, Not Takeovers - EFE
Argentina Still Weighs on Repsol
Repsol is playing down speculation about unloading some of its 85% stake in Argentinian oil business YPF. But shareholders must hope a deal materializes, and soon. Apart from its exposure to Argentina's political and economic risks, YPF ties up capital that Repsol could use to develop large recent Brazilian oil discoveries.
Unfortunately, what makes it wise for Repsol to sell YPF may deter potential buyers. YPF's reserves are declining. Buenos Aires has to approve any share sale, while Repsol has committed to keep at least a 50.1% stake until 2012.
YPF also has to satisfy domestic oil demand -- where prices are capped -- before it can export, paying a punitive export tax. Chinese suitors, in particular, will likely bridle at such restrictions.
Click here, or the links above to view the complete articles from the WSJ
Pretty good Wall Street Journal articles hit the presses in NYC today relating to the topic of Repsol selling their assets in Argentina to China
CNOOC Says Interested In Cooperation, Not Takeovers - EFE
Argentina Still Weighs on Repsol
Repsol is playing down speculation about unloading some of its 85% stake in Argentinian oil business YPF. But shareholders must hope a deal materializes, and soon. Apart from its exposure to Argentina's political and economic risks, YPF ties up capital that Repsol could use to develop large recent Brazilian oil discoveries.
Unfortunately, what makes it wise for Repsol to sell YPF may deter potential buyers. YPF's reserves are declining. Buenos Aires has to approve any share sale, while Repsol has committed to keep at least a 50.1% stake until 2012.
YPF also has to satisfy domestic oil demand -- where prices are capped -- before it can export, paying a punitive export tax. Chinese suitors, in particular, will likely bridle at such restrictions.
Click here, or the links above to view the complete articles from the WSJ
Sunday, June 22, 2008
Eurocup 2008 - Spain emerges victorious after years of historical "under-achievement"
Spain advances to the semi-finals in Eurocup 2008, after years of "La Madre Patria'' (the mother country), entering international championships with world quality and internationally top ranked teams... yet always falling short of expectations.
Hopefully the Spanish economy can make such a come back, as my last post indicates, their position in Latin America has grown in the past years and their FDI is crucial-- especially to countries like Cuba and even Peru and Argentina which few can deny are dominated by Spanish banks, telecommunications and construction. Perhaps "dominated"is not the correct term, but rather, lets me describe it as Spain's growing market presence in Latin America is significant and growing.
Peruvians, despite many expressing their anger over Fujimori's government signing of what many consider monopolistic rights to Telefonica of Spain, realize Spain is an important partner in the international community.
Telefonica did come to control the majority of the Peru's telecom sector, and they do charge very high prices for their services in Peru, Spain no less is a important source of FDI, in addition to China, the US, and Europe as a whole.
Latin America continues to grow, and achieve healthy growth rates when compared to other countries and regions in the world economy. Spain knows Latin America is a region they strategically have a advantage over other countries due to the similarities in language, religion and if I might say...
The United States re-placing Spain as the "imperial power'' or ''empire.'' Today, as of 2008, I believe it is fair to say the failures of the neo-liberal reforms of the 90's in Latin America. Combined then with the fact the Bush administration in the US has largely ignored Latin America for the past 8 years, has greatly helped Spain's image in Latin America, along with China, India, Europe and other countries around the world.
Spain, however, is a unique partner in the fact, much like Britain, the countries of Latin America have inherited certain traits and characteristics from the ''mother country.'' Second, Spain recently grown quite wealthy in a short period of time, they are in a position more than ever to invest, initiate cooperation and work with Latin America towards helping each other-- in economic, political and cultural respects.
Miraflores,Lima. The trendy/modern district. Symbolic of Peru's recent economic growth.
Hopefully the Spanish economy can make such a come back, as my last post indicates, their position in Latin America has grown in the past years and their FDI is crucial-- especially to countries like Cuba and even Peru and Argentina which few can deny are dominated by Spanish banks, telecommunications and construction. Perhaps "dominated"is not the correct term, but rather, lets me describe it as Spain's growing market presence in Latin America is significant and growing.
Peruvians, despite many expressing their anger over Fujimori's government signing of what many consider monopolistic rights to Telefonica of Spain, realize Spain is an important partner in the international community.
Telefonica did come to control the majority of the Peru's telecom sector, and they do charge very high prices for their services in Peru, Spain no less is a important source of FDI, in addition to China, the US, and Europe as a whole.
Latin America continues to grow, and achieve healthy growth rates when compared to other countries and regions in the world economy. Spain knows Latin America is a region they strategically have a advantage over other countries due to the similarities in language, religion and if I might say...
The United States re-placing Spain as the "imperial power'' or ''empire.'' Today, as of 2008, I believe it is fair to say the failures of the neo-liberal reforms of the 90's in Latin America. Combined then with the fact the Bush administration in the US has largely ignored Latin America for the past 8 years, has greatly helped Spain's image in Latin America, along with China, India, Europe and other countries around the world.
Spain, however, is a unique partner in the fact, much like Britain, the countries of Latin America have inherited certain traits and characteristics from the ''mother country.'' Second, Spain recently grown quite wealthy in a short period of time, they are in a position more than ever to invest, initiate cooperation and work with Latin America towards helping each other-- in economic, political and cultural respects.
Miraflores,Lima. The trendy/modern district. Symbolic of Peru's recent economic growth.
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