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Articles by The Corner

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
aristóbulo de juan ok

Markets 25th March 2019

“All financial crises remain relevant today”

Aristóbulo de Juan | Bankers are administrators of other people’s money, and they are responsible both to their depositors and to other stakeholders. Human nature being what it is, however, they sometimes fall prey to overweening ambition, coming to see themselves as the rightful beneficiaries of the moneys entrusted to them. This can lead them to make poor lending decisions and engage in risky practices, eventually moving on to cosmetic accounting and the concealment of problems, speculation and even outright fraud.

naranjas azaharok

Spanish economy 22nd March 2019

Spaniards are happier

William Chislett via Real Instituto Elcano | Spain is a happier nation than it was a year ago, according to the World Happiness Report (WHR), produced by the Sustainable Development Solutions Network (SDSN), a global initiative for the United Nations, and based on Gallup surveys between 2016 and 2018.

 

person climbing up stairs

In Europe 22nd March 2019

Eurozone GDP: Hitting bottom?

Santander Research | The performance of the Eurozone economy in 2018 was far from meeting expectations. Having exceeded expectations in 2017, with GDP growth yoy of 2.5% – the strongest since the 3.1% in 2007 – the economy registered a strong slowdown in 2018 with caused up to a 1.8% fall yoy in GDP. Although, probably, the growth levels of 2017 were not sustainable – taking into account the economic fundamentals of the Eurozone and the performance of the rest of the world – , the economic slowdown was strong, especially in the second half of 2018. In quarterly terms, GDP went from growing a quarterly average of o.7% in 2017 to only 0.4% in the first half of 2018 and a quarterly average of 0.2% in 2018.

naturgy ok

Ibex 21st March 2019

Naturgy will invest nearly 1 billion euros in renewables growth in Spain

Alphavalue | The energy multinational Naturgy in the period 2018-2019 will invest a total of 955 M€ in the development of rentable Energy in Spain, which will make the company increase this year 82.8% its installed potential in renewables compared to 2018. In an interview with Efe, the director of Naturgy Renewable Development in Spain, Carlos González Samano, has said that “the details of these investments will be substantiated in…

enagas increase holding in Tallgrass

Ibex 21st March 2019

Entry of Enagas in the US: OP of 26.21 € per share

Link Securities | The President of Enagás, Antonio Llardén, qualified last week´s agreement with Blackstone to enter the US market as a historical milestone for the Spanish company in putting Enagás on the global chess board of gas infrastructure.

mergers and acquisitions

Markets 19th March 2019

European banks: Countdown to the M&A ballet

It is only a question of time and the markets are waiting: there will be more consolidation operations in the European banking sector in the next few years, some of them cross-border.

Telefonica ever closer to selling its Central American subsidiary

Ibex, Uncategorised 19th March 2019

High acceptance (72%) of Telefonica’s hybrid bonds

Renta 4 | Telefónica has announced the result of the repurchase of the 2 hybrid bonds which it issued on 5 March. The nominal aggregate value which Telefónica will accept to purchase the bonds has reached 934.7 million euros, of which 586.5 million euros corresponds to the bond with maturity in December 2019 and 348.2 million euros with maturity in March 2020.