Articles by The Corner

European stocks

Eurozone stocks: Sweet times ahead

LONDON | On the eve of the biggest Q2 reporting week for EU companies, Barclays top-down model suggests a further acceleration is imminent for euro area stocks, with 6% likely for 2015 as a whole.


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Banco Santander net profit up 24% in H1’2015

Spain’s biggest bank released its 2Q2015 results on Thursday, showing a 24% rise in net attributable profit to EUR 3.426 billion in the first half  from a year earlier. All of Santander’s ten core markets posted an increase in profits, with the three largest, Spain,  the United Kingdom and Brazil, registering particularly significant rises.


Janet Yellen, of California, President Barack Obama's nominee to become Federal Reserve Board chair, testifies on Capitol Hill in Washington, Thursday Nov. 14, 2013, before the Senate Banking Committee hearing on her nomination to succeed Ben Bernanke. (AP Photo/Jacquelyn Martin)

FED keeps the door open in July

LONDON | Barclays | The US dollar strengthened after the FOMC left the door open for a September move, although it did not provide any strong signal for the timing of the first hike.


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Varoufakis and his friendly fire

ATHENS | Macropolis | The last thing Alexis Tsipras needed right now is his talkative former Finance Minister Yanis Varoufakis to reveal that he had been working on establishing a parallel payment system in the government’s first months in power.


A Greek flag

On the Greek crisis and German imbalances

NICOSIA |By Marios Zachariadis via MacroPolisPolicies undertaken from a narrow national perspective that encourage systematic fiscal surpluses, coupled with a national consensus on wage suppression between unions and industry facilitated by the state, impact negatively upon domestic spending while increasing national saving. 


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Spain’s Bankia beats forecasts

The Corner | July 27, 2015 | Spain’s bailed-out lender Bankia saw its first-half profit rose 11.5 percent from a year ago, as it reported on Monday. Net profit rose 10.3 per cent to €311m, versus a consensus of analysts’ expectations of €277.8m. Charges against bad debts fell and offset weaker revenue from lending. 



Oil and gas companies

Oil and gas: The struggle to stay relevant

July 24, 2015 | UBS | Sector performance since crude began to slide again has, unsurprisingly, been poor: EU integrateds are down 11% since the May peak, underperforming the wider market by 11%, and the US peers down 10%.  


Carlos Solchaga

“This is new in Spain’s history: employment growing faster than GDP”

MADRID | July 24, 2015 | By Fernando Barciela | Economist, businessman and former minister at several Spanish socialist cabinets between 1982 and 1993, Carlos Solchaga praises the big steps taken by the Spanish labour reform –the main of which he claims were made in the years ‘93 and ‘94, while he was a member of the government. This is the first part of our conversation.