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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.
eeuu madeinCM

In the World 19th August 2025

S&P maintains US’ long-term debt rating at ‘AA+’ and outlook at ‘stable’

Bankinter | The rating agency notes that significant revenue from tariffs should offset other sources of fiscal pressure. Although it considers an improvement in the US deficit unlikely, it expects the country’s fiscal health to remain quite stable in the coming years, supported by relatively solid economic growth. The agency anticipates a gradual moderation in growth, with GDP growth projections of 1.7% for 2025 and 1.6% for 2026, due to…

creacion empresas

In Spain, Spanish economy 19th August 2025

Spanish companies’ turnover rises for second month running after increasing 6% in June

CdM | The General Business Turnover Index (ICNE) rose by 6% in June, marking two consecutive months of increases, according to data from the National Statistics Institute (INE). This figure represents the highest rate since last March and is almost five points higher than in May. Adjusted for seasonal and calendar effects, company turnover in June showed a variation of 5.1% compared to the same month last year. The indices…

Acciona

Companies 19th August 2025

Acciona awarded three-year cleaning contract by FGC worth €11.35 million

Link Securities | Ferrocarrils de la Generalitat de Cataluña (FGC) has awarded the contract for cleaning the stations and facilities of the metropolitan lines to the Acciona (ANA) group and the services company Grupo Sifu, through its subsidiary Brócoli Facility Services, according to a report in Expansión newspaper on Tuesday. The tender, divided into two lots, has a total value of €11.35 million and a duration of three years. The…

banco japon

In the World 18th August 2025

Japan’s GDP grows 1% in Q2, beating estimates and paving way for further rate hikes

Bankinter | GDP grew 1.0% (quarter-on-quarter) in Q2, beating consensus estimates and paving the way for further rate hikes by the Bank of Japan. Japan’s growth in Q2 has been a positive surprise, exceeding consensus forecasts of 0.4% growth. In addition, growth in the previous quarter has been revised upwards to 0.6% (quarter-on-quarter) from -0.2%. Growth was led by business investment, which rose by 1.3% in the quarter, while consumption…

Caixabank kio 2

Companies, Ibex 18th August 2025

Caixabank executes 53.47% of share buyback in programme’s ninth week

Alphavalue/DIVACONS | The Catalan bank executed 53.47% of its share buyback in the ninth week of the programme, whose maximum amount has been set at €500 million, according to information provided by the entity to the National Securities Market Commission (CNMV) on Friday. Specifically, in this new week of the programme, it acquired 2,237,802 shares at a weighted average price of £8.6738 and a total amount of £19.4 million. Meanwhile,…

gas electricidad

In Spain, Spanish economy 18th August 2025

Inflation rises four tenths in July to 2.7% due to higher electricity and petrol prices

CdM | Inflation rose four tenths of a point in July, when the Consumer Price Index (CPI) stood at 2.7% year-on-year, mainly due to higher electricity and fuel prices, according to final data published by the National Statistics Institute (INE). In detail, the groups that stood out most for their influence on the increase in the annual rate were housing and transport. In the case of housing, the annual rate…

produccionindustrial pantalla

European economy, In Europe 18th August 2025

Industrial production rises in June in both Eurozone and EU (0.2% and 0.5% respectively)

CdM | Industrial production in the Eurozone rose by 0.2% in June 2025, while in the European Union (EU) the increase was 0.5% compared to the same month last year. According to data from Eurostat, the EU’s statistical office, industrial production fell by 1.3% month-on-month in the eurozone countries, while the decline compared to May was 1% in the EU-27. In May 2025, industrial production had grown by 1.1% in…

bbva sabadell

Companies, Relevant News Item 18th August 2025

BBVA to readjust Sabadell takeover bid exchange ratio at end of month

Link Securities | BBVA (BBVA) will readjust the exchange ratio of its takeover bid for 100% of the capital of Banco Sabadell (SAB) at the end of the month to update the offer, as SAB will distribute a new cash dividend of 7 euro cents per share to its shareholders on 29 August, according to Cinco Días newspaper. The bank will thus move from offering one BBVA share plus 70…

gestamp edificio

Companies, Markets 18th August 2025

Gestamp has little potential from current levels: Sell, P/E €3.3/share

Bankinter | Gestamp (GEST) surprises in Q2 with improved margins despite sales figures. For 2025 as a whole, it reiterates its guidance. However, we believe it will be difficult to meet its revenue growth target. At constant exchange rates, sales grew less than the average production in the countries where the company operates (-0.9% versus +3.7% for the market) at the end of the first half. In fact, following these…

iberdrola avangrid eeuu 2

Companies, Ibex 14th August 2025

Iberdrola subsidiary Avangrid generates 13,000 gigawatt hours of energy in US in 1H25

Alphavalue/DIVACONS | The Spanish utility company, through its subsidiary Avangrid, generated around 13,000 gigawatt hours (GWh) of energy in the United States in 1H25, which is equivalent to enough electricity to supply around 2.4 million homes in the country. Specifically, the group chaired by Ignacio Sánchez Galán has a total of 80 electrical facilities in operation from coast to coast, with a combined generation capacity of more than 10.5 gigawatts…