NOTHING’S IMPOSSIBLE

Nothing can stop Nori Gallegos [BBVA Bancomer, Mexico]. She knows that with patience and lot of teamwork, no distance is too far and no challenge too difficult. “Nothing is impossible. You have to dream big and work every day to make them come true,” she says.

In the past three years the Nobel prize has been awarded to three economists who had previously received the Frontiers of Knowledge Award: Angus Deaton, Jean Tirole and Lars Peter Hansen. In just eight editions, these awards bestowed by the BBVA Foundation have been able to identify the contributions and distinguish the researchers who, months or years later, would achieve the most prestigious award in the world.

BBVA announces an increase in its financial technology (‘fintech’) fund to $250m and a partnership with Propel Venture Partners (Propel).  BBVA will invest its $250m in Propel’s funds as a limited partner, and Propel will manage the investment independently in a move designed to ensure the capital continues to be invested in the best digital financial services startups.

BBVA executive director said this morning that “the free trade agreement between the EU and the U.S., or TTIP (Transatlantic Trade and Investment Partnership), is an existential agreement for Europe.” José Manuel González-Páramo considers that “trade is at the core of the continent’s DNA, and trade helps us innovate.” Thus, from a point of view of diversifying trade and increasing the soundness of the export sector, “the agreement’s success would be a good thing.”

Rising life expectancy, longevity, is a relatively recent phenomenon dating from the 19th century. Until then, for nearly 60,000 years, the life expectancy of humanity remained relatively constant. There is some evidence that increased life expectancy is a permanent phenomenon, with the implications that this might have not only for pension systems, but also for the organization of societies themselves.

Market analysts have offered a very positive view about BBVA 2015 results released yesterday.Overall, analysts believe it is a good set of results which confirm BBVA’s  resilience. BBVA’s performance was significantly better than expected, in particular Mexico figures.

Central banks in Latin America are finding it particularly difficult to meet their target of low and stable inflation, since many countries are facing at the same time problems of high inflation (fueled by the depreciation of the exchange rate) and low economic growth.

BBVA executive chairman Francisco González this morning commented on the bank's results for 2015, pointing out that "BBVA showed its considerable ability to generate results."

This question, which has been asked about machines since the age of industrialization and the appearance of assembly lines, was in the headlines again at the latest Davos World Economic Forum. With robot sales growing steadily over the last three years, 2015 was a record year, exceeding 2014 sales by 15%, according to the International Federation of Robotics (IFR)