Finance

PP and Vox in Castilla y León plan to tax solar parks from five hectares and tighten wind power taxation
The PP-Vox government in the Junta of Castilla y León presented a Tax Measures Bill that extends to photovoltaic parks of five hectares or more an existing tax on environmental impact, until now limited to wind, hydroelectric and high-voltage lines. It also tightens the wind tax with new brackets per turbine and fewer exemption years. Rooftop self-consumption and plants under five hectares are excluded.
FinanceInternationalelDiario.esOct 21AI
Dollar stands at 883.39 bolívares according to the BCV this October 21
Venezuela's Central Bank set the official dollar rate at 883.39 bolívares per dollar for Wednesday, October 21, 2026, compared with the October 20 report, amid a declining movement of the bolívar. The BCV also published rates for the euro (993.17 bolívares), the yuan (132.29), the Turkish lira (17.82) and the Russian ruble (10.71), along with buy and sell rates at several banks in the country.
FinanceInternationalCaracol RadioOct 21AI
Ferrovial selected in the UK for a 1.75 billion euro contract
Ferrovial has been selected by Anglian Water, the private company that manages water in the East of England, to take part in a project valued at 1.5 billion pounds (1.75 billion euros) aimed at strengthening the resilience of the water network. The company's Construction division will carry out the works together with MWH Treatment. The first task under the framework agreement is to improve coastal waters for more than 200 million pounds (240 million euros).
FinanceInternationalValencia PlazaOct 21AI
CBRE buys Onnec for up to $1 billion and strengthens its data center business
CBRE announced the purchase of Onnec Group Limited, a company specializing in the design, deployment and maintenance of network, fiber and data center infrastructure, for a total value of up to $1 billion. The initial price is 460 million pounds (about $610 million), plus a variable payment of up to 300 million pounds (about $400 million) tied to growth targets. The deal, pending regulatory approvals, is expected to close around the end of the year.
FinanceInternationalCinco DíasOct 21AI
Wall Street opens cautiously: Tesla and SpaceX rise on merger preparations as Iran stalemate cools sentiment
US500 and US100 futures slip 0.20% and 0.18% at the open, after diplomats' remarks dampened hopes for an immediate Washington-Tehran deal. Tesla rises 2.31% and SpaceX more than 8% pre-market after Elon Musk confirmed committees to evaluate a merger with a combined valuation estimated at $3.5 trillion. Super Micro Computer gains more than 12% on preliminary revenue, while Netflix falls nearly 5% on its fourth-quarter guidance.
FinanceInternationalXTB.comOct 21AI
US Department of Energy allocates $967 million to modernize the power grid
The US Department of Energy confirmed an additional allocation of about $967 million to accelerate the modernization of transmission and distribution infrastructure across the country. The funds will be distributed through the Grid Resilience State and Tribal Formula Grant program to states, territories and tribal administrations, which will manage projects such as replacing substation components, reinforcing overhead lines and real-time monitoring of the most congested nodes.
FinanceInternationalInspenetOct 21AI
Repair shops ask to be included in Spain's Auto Plan 2030
Cetraa and Conepa, Spain's associations of car repair shops, asked the Directorate General for Industrial Strategy and SMEs to be included in the Spain Auto Plan 2030, which sets out 25 priority measures for the industry. They argue that electrification requires a repair network ready to service electric and hybrid vehicles, and call for training in new technologies and support to adapt facilities and buy machinery and tools.
FinanceInternationalCoches.netOct 21AI
DIA lifts store profitability from 35% to 97% after its restructuring
DIA Spain CEO Ricardo Álvarez said at the 41st AECOC Gran Consumo Congress that the company has posted three consecutive profitable years and that the share of profitable stores rose from 35% to 97% since the start of its restructuring. DIA cut debt by 125 million euros over the past year and brought its leverage ratio to 0.6, below the initial target of 1. The company sees potential to open up to 1,000 more stores in Spain.
FinanceInternationalInterempresas MediaOct 21AI
Dollar, inflation and GDP: how market projections changed over the year
A CEPEC report analyzed how market projections for the dollar, inflation and GDP changed over the year. For October, the consensus expects monthly inflation to close below 2%, with Facimex projecting 1.7%. Looking to 2027, inflation estimates rose from 19.3% in March to 21.2% in September, against 18% in the Budget. Dollar projections fell from $1,700 to $1,614 between March and September.
FinanceInternationalAmbitoOct 21AI
ABECEB projects record exports of up to USD 106 billion for Argentina
Mariana Camino, president and CEO of ABECEB, projected in Infobae en Vivo Argentine exports of between USD 100 billion and USD 106 billion, a record level that would reflect greater diversification of the sectors generating foreign currency. She said the country went from depending on agriculture to having four export engines. She mentioned that some 7,000 SMEs account for exports of about USD 8.3 billion and warned that economic opening forces companies to improve productivity and costs.
FinanceInternationalInfobaeOct 21AI
UK approves drilling at Jackdaw gas field in the North Sea
The British government approved the exploitation of the Jackdaw gas field in the North Sea, one of two projects that a Scottish court ruling in January 2025 had declared illegal for not considering scope 3 emissions. The NSTA authorised Shell and Equinor, through their joint venture Adura, to resume operations. The field will start producing at the end of this month and at peak will increase national gas production by about 6%. The government also announced an Energy Wealth Fund with an initial 2 billion pounds.
FinanceInternationalEl EconomistaOct 21AI
Danone brings forward price increases and defends its role against private label
Danone's president for Europe, Turkey, the Middle East and Africa (EMEA), Pablo Perversi, said at the 41st Aecoc Mass Consumption Congress in Seville that the company has room to gain size and grow in volume despite the rise of private label. According to the executive, Danone has changed 50% of the products on the shelf in four years and has gone from losing volume to gaining it. He also criticised private label for "copying" manufacturer brands and trying to lower prices.
FinanceInternationalExpansiónOct 21AI
Wall Street futures point higher with SpaceX and Super Micro, while Netflix and AT&T fall
Futures for the main US indices pointed to a positive open on Wednesday, in a session shaped by quarterly earnings. SpaceX rose 8.8% premarket after beating third-quarter profit expectations, and Super Micro Computer gained 12.2% after raising its revenue guidance. In contrast, Netflix fell 6.8% on revenue guidance below expectations and AT&T dropped 5%. The market awaited reports from Tesla, Meta and IBM after the close.
FinanceInternationalRevista ADVFNOct 21AI
Chilean truckers warn fuel price hike "is becoming unsustainable"
The market expects a fifth consecutive fuel price increase in Chile, ahead of Enap's price report. Economist Juan Ortiz (Universidad Diego Portales) projected increases of $41 for gasoline and about $90 for diesel, attributed to oil above US$100 a barrel since September due to the Middle East conflict and a strong dollar. The Centro Sur Truckers Confederation called the situation unsustainable and asked the government for measures.
FinanceInternationalBioBioChileOct 21AI
Dollar rises nearly 0.5% in Mexico despite solid retail sales
The USD/MXN exchange rate is up nearly 0.5% and approaching 18.52 pesos per dollar, after August retail sales were reported to have grown 1.2% month-on-month and 3.3% year-on-year, above expectations. The market is weighing Banxico, which according to the Citi Survey would keep its rate unchanged for the rest of 2026 and in 2027, against the possibility that the Fed raises its rate again in December, which would narrow the rate differential.
FinanceInternationalXTB.comOct 21AI
Persian Gulf oil flows surpass pre-war levels
According to Kpler data, oil flows from the Middle East last week surpassed their pre-war level: more than 24 million barrels per day were exported, compared with 23.3 million before the conflict with Iran. Analysts attribute this to US military escorts for merchant ships, the use of shuttle tankers and routes alternative to the Strait of Hormuz, such as the Saudi East-West pipeline. Sources say Iran would export part of its crude via the United Arab Emirates. Brent neared $110 per barrel.
FinanceInternationalLe Grand ContinentOct 21AI
Chilean peso holds near 975 per dollar as copper and the Federal Reserve draw focus
The dollar in Chile is little changed in early trading, around 975 pesos, after declines in previous sessions. There are no relevant local economic releases, so attention is on the international dollar, copper and the Federal Reserve. The metal falls about 1% on the LME on expectations that the United States may drop proposed tariffs on refined copper imports. The market widely expects the Fed to keep rates unchanged next week.
FinanceInternationalXTB.comOct 21AI
UK launches its largest offshore transmission tender at £3.5 billion
Ofgem opened the largest round of the Offshore Transmission Owner (OFTO) scheme, with transmission assets valued at around £3.5 billion tied to connecting Hornsea 3 to the British grid. Investors will compete to finance, operate and maintain already-built cables and offshore and onshore substations, with long-term revenues linked to inflation and asset performance for up to 25 years. Bids are due by January 14, 2027, with results expected in April of that year.
FinanceInternationalEnergía EstratégicaOct 21AI
Brazil's ANEEL opens public consultation to adapt power sector contracts and concessionaire remuneration to tax reform
Brazil's National Electric Energy Agency (ANEEL) approved opening a public consultation to adapt the power sector's economic rules to the tax reform, which replaces PIS/PASEP and COFINS with CBS and IBS. The proposal adjusts regulated generation and trading contracts and the remuneration bases of concessionaires, aiming to prevent improper charges, double recognition and economic imbalances. Contributions can be submitted between October 21 and 30, 2026.
FinanceInternationalEnergía EstratégicaOct 21AI
Zambia targets 10 GW of power capacity by 2031 and already tops 1 GW of installed solar
Zambia aims to exceed 10 GW of installed power capacity by 2031, up from the current 4722 MW and 3777 MW in 2024. Solar has already reached 1027 MW, a year ahead of the target set for 2026. The government is working on a roadmap coordinating new generation, transmission, financing and universal electricity access, while reviewing projects such as the 200 MW Kudu Solar and advancing a new interconnection with Zimbabwe.
FinanceInternationalEnergía EstratégicaOct 21AI