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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.
Good Stocks To Invest In Dividend Stocks

Spanish economy 20th July 2012

A 10% dividend yield in Spain’s Ibex, highest among the developed markets

MADRID | www.consensodelmercado.com | Ibex listed companies have rewarded their shareholders, regarding dividends and other payments, with €16.082 billion in the first six months of this year. The figure represents a 8.5 percent rise over the amount paid in the same period in 2011. According to the report published by BME (Bolsas y Mercados), the operator of all stock markets and financial systems in Spain, the result also marks a…

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Companies 20th July 2012

Spain’s construction company OHL to build Russian Olympic Flame resort

MADRID | After the bubble burst, the category of construction activity rapidly turned into a trap for many Spanish companies. Its dramatic effects have during the last four years shaken and closed enterprises, in the small and medium size sections as much as among the large corporative groups. Those who strive to survive the downturn must now find an edge, and Obrascon Hurate Lain or OHL may have proved just that.

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Spanish economy 20th July 2012

BNP Paribas to compensate Spanish client with €44,500 for insufficient information

By valenciaplaza.com, in Valencia | The tide might not yet be changing but there is a constant, if slow, thread of judicial instances shaming banks in Spain and elsewhere in Europe. A court in Valencia has condemned BNP Paribas Spain to pay €44,504.89 in compensation to a client who was sold preferred shares. Specifically, the bank transferred to the client, from a contract entered into on October 26 in 2006,…

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Companies 19th July 2012

Repsol’s Butano Chile sale cuts group’s debt by $317 million

MADRID | Repsol on Thursday said it had reached an agreement with a consortium of Chilean investors, led by LarrainVial, for the sale of 100% of its subsidiary Repsol Butano Chile. The operation was valued at approximately $540 million. Repsol Butano Chile holds a 45% stake of Lipigas, a company present in the Chilean liquified petroleum gas commercialisation market in addition to other financial assets. The deal will generate a net…

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Companies 18th July 2012

CAF’s Spanish trains travel along the rails of all over the world

By T.F, www. expansion.com | The Spanish multinacional Construcciones y Auxiliar de Ferrocarriles (CAF), experts on design, manufacture, maintenance and supply of equipment and components for railway systems, has been able to weather the current economic turbulences by means of an ambitious internationalisation plan that started in 1995. This bet on the outside market has enabled the company to take advantage of the worldwide boom of railway transport, a sector…

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Markets 18th July 2012

Production in construction up by 0.1% in euro area

Being a member of the euro club continues offering confusing evidence of providing protection against the global economic downturn. In the construction sector, seasonally adjusted production rose by 0.1% in the euro area while it grew 1.6% in the European Union in May 2012, compared with the previous month. But in April 2012, production had decreased by 3.7% in the common currency region and 6.9% outside it. Compared with May 2011, production in…

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Markets 18th July 2012

Issuances slow up in the corporate bond markets under euro pressures

By CaixaBank research team, in Barcelona | The worsening climate in peripheral Europe has affected the corporate bond markets. Whereas, during the previous months, this market stood out for its remarkable ability to resist the adversities of the euro area crisis (from the point of view of issuances and the extent of capital flows), in May investor mood and the issuance of corporate bonds had been fully infected. In addition,…

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Markets 17th July 2012

Everything you ever wanted to know about the EFSF/ESM

While waiting for the changes the European rescue fund needs to introduce in order to recapitalise the banking sector directly, especially the Spanish one, JP Morgan’s global equity department has made an interesting answer-question list with the main doubts that everybody could have concerning this instrument. The starting point could be the role of the European Financial Stability Facility /European Stability Mechanism until the last European Summit. Up to that…

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Markets 17th July 2012

French hotel group Accor dips further in LatAm with Posadas deal

Spanish companies aren’t alone in extending their links to the Latin American markets in a bet to withdraw from the volatile European economies. France’s group Accor this week announced its plan to set itself as a sector leader in the area with the acquisition of the South American hotel portfolio of Grupo Posadas. The transaction, which adds to the external growth strategy of the company, includes 2,600 rooms and a secured…

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Companies 17th July 2012

Ferrovial to construct in Spain 325km-gas pipeline network for Endesa

MADRID | Ferrovial announced its construction subsidiary Ferrovial Agroman has been awarded several contracts to build 325 kilometres of gas pipeline in Spain for Endesa Gas. The contracts are worth €35 million in total. From 2012 until 2014, Ferrovial Agroman will build gas pipelines in the regions of Valencia, Castilla y León and the Balearic Islands. The infrastructure company said Ferrovial Agroman will execute 75 kilometres of gas pipeline in Alicante. In Castilla…