On Jan. 23 BBVA Compass, Houston Mayor Sylvester Turner, Houston Downtown Management District and Visit Houston joined Houston Bike Share to cut the ribbon at its newest Bcycle station in Downtown Houston. The opening of the “Crawford Island” station was celebrated in tandem with the launch of Houston Bike Share’s “BBVA Compass Free Rides” program, an initiative offering free Bcycle rides in Houston from Jan. 27 through Feb. 5.
The BBVA Global Markets Research team presented the conclusions of its 2017 strategic equity report. According to BBVA analysts, the positive cyclical momentum is set to continue, with the metal & mining, oil & gas, construction materials, healthcare and telecommunications sectors becoming the best performing industries in Europe. In Spain, the Real Estate sector is expected to be the most dynamic in 2017.
The B20’s priorities change from year to year. This year, organization representing the business community of the G20 will be led by Germany, focusing on promoting its slogan: “resilience, responsibility and responsiveness – towards a future-oriented, sustainable world economy.” They will present their recommendations from their year of work to the G20 leaders at the summit in May.
Big data, virtual reality, social networks... The dizzying changes that technology is bringing about in society are reflected in the world of work, where new jobs and responsibilities are being created. This is a short guide that will help explain to your parents what your work consists of, or will help you understand what your children are doing.
The 2017 business year will mark a turning point for Latin American economies, with an estimate growth of 1.3% for the region as a whole, compared to a 1.3% dip in 2016. This is what emerges from BBVA Research’s 4th Quarter Latin America Outlook report. The recovery, however, will be gradual and the region will remain well below potential growth, about 3%.
The European Central Bank (ECB) today announced the outcome of the third auction of TLTRO (targeted long-term refinancing operations). These long-term financing operations aim to stimulate lending in the euro zone. The demand for additional liquidity has reached 47.9 billion euros. In the first auction of the TLTRO-2, the demand for additional liquidity was 36 billion euros and, in the second, was 34 billion euros.
After a yearlong pause, the Federal Open Market Committee voted unanimously to raise interest rates 25bp to 0.5-0.75%. Based on the Summary of Economic Projections (SEP) and Federal Reserve Chairwoman Janet Yellen’s press conference, it seems the recent market exuberance has not diverted the Fed from its current strategy for a gradual increases. The press conference reinforced the idea that the committee may be somewhat tolerant in the short-run, but that it would like to see fiscal policy directed at boosting productivity rather than stimulating the economy.