Articles by The Corner

Greek debt relief at the Eurogroup

The Wit and Will Of Men

Nick Malkoutzis via Macropolis | The stock phrases came thick and fast after Monday’s Eurogroup. “Great progress,” “very close” and “an agreement in a few weeks” were a few of the perennial quotes trotted out again by officials following a failed attempt to settle differences over Greek debt relief.



Tubacex's record orders

Tubacex’s Order Book Reaches Record Levels

Tubacex has clocked up an order book worth 700 million euros in high tech tubular solutions for the gas and oil extraction, petrochemical and energy generation sectors. This figure is a record for the company.  A contract in Iran represents about two-thirds of the existing premium product backlog or 560 million euros.



Overseas business for Spain's listed compnies

Record Levels Of Overseas Business For Spain’s Listed Companies

In the last twenty years, the contribution from listed Spanish companies’ overseas business has not stopped growing. In line with the 2016 figures, this has reached 65.5% of the total, a record level which is almost 20 percentage points higher than 10 years ago.


Monte Dei Paschi workforce cut

Monte Dei Paschi Cost Cutting Could Include 50% Of The Current Workforce

At the end of 2016, the Italian government approved the setting up of an up to 20 billion euros fund to provide financing for banks with problems of solvency and/or liquidity like (MPS). It’s good news for Italy’s financial system and for the country’s risk premium that international funds are showing interest in buying MPS’ unproductive assets.


euro-dollar relationship

The Multiple Faces Of The Euro-Dollar Relationship

Francisco Vidal | The emphasis put on the Federal Reserve’s actions and the US’ economy’s favourable performance over the last few years led to the debate over the possibility of the euro and the dollar reaching parity,  which gained momentum at end-2016 and at the start of 2017. But the euro’s fundamentals are currently better than expected and, in the future, can count on the support of the ECB.


European Equities

European Equities Earnings Momentum, Upgrades

European equities first quarter results so far beat analysts expectations for revenues, showing that a recovery in demand is driving sales. In fact, analysts at Carax-Alphavalue show themselves “struck”  by the Q1 releases with frequent mentions of better top lines due to emerging market demand, for which read China.


Ryanair to partner with Air Europa

IAG could lose market share due to Air Europa-Ryanair agreement

Air Europa and Ryanair have formed an alliance under the terms of which the former will supply the latter’s long haul flights. Following the agreement, Ryanair’s website will sell the flights the Spanish airline offers from Madrid to 20 destinations in 16 countries in America. This is a market where Iberia is the traditional leader.