Articles by The Corner

Telefónica's sale of Telxius

Telefonica Has One Headache Less After Sale Of Stake In Telxius

Nearly six months after Telefonica announced the IPO of its infrastructure affiliateTelxius, venture capital firm KKR said it plans to buy 40% of the company for 1.275 billion euros, or 12.75 euros per share. So one headache less for the Spanish telecommunications giant.



Ferrovial

Ferrovial, Plenary Create Netflow To Bid For Projects In Australia

Ferrovial has teamed up with the Australian company Plenary to bid for motorway and other infrastructure concessions in Australia and New Zealand. They will create a joint venture (the Netflow consortium) through Ferrovial’s concessionary arm Cintra. This market is a priority one for Ferrovial, basically because of its high profitability.


banking union

Fragile Banking Union: Many International Banks, Very Few Pan-European

The volume of  M&A in the European banking sector has gone from 39 billion euros in 2008 to scarcely 9.5 billion in 2015. And in the first half of last year, it was little over 1 billion euros. Why has there not been more consolidation in the sector? It’s an important question for the European authorities who want to promote banking union to answer.


crude oil

Crude Questions

The price-inventory apparent mismatch of crude oil matters to the extent that going long crude appears to be a crowded trade so that the risks are on the downside if it were to happen that the “confirmed” cuts have been more paper ones than real ones.



Greece

Seven years of demanding the impossible in Greece

Yiannis Mouzakis via Macropolis | In a recent presentation of his book, Laid Low, which examines the International Monetary Fund’s role in the eurozone crisis, author and journalist Paul Blustein disclosed a memo dated May 4, 2010, from the IMF’s then head of research Olivier Blanchard, to Poul Thomsen, who headed the Greek mission at the time.


C

China Transformed: A New Balance of Power

John Bruton | The transformation of China is the most important global economic story of the past 40 years. It has changed the balance of power on the Eurasian landmass, in ways we are only beginning to comprehend.