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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.
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Companies 3rd July 2012

European Airbus to set up its first US assembly line

European consortium Airbus said it will establish a manufacturing facility in the United States for assembly and delivery of A320 aircrafts. Located at the Brookley Aeroplex in Mobile, Alabama, it will be the company’s first US-based production facility. The Alabama complex will also assemble A319 and A321 aircrafts. According to Airbus' schedule, the site construction will begin in mid 2013 and it is planned to start production in 2015, with…

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World economy 3rd July 2012

In China the mountains might not be that high anymore

BEIJING | The option that Chinese economy is in a more severe slowdown than the one officially acknowledged has always been in the international community's subconscious. Economists and experts have been aware of a well known, but not so evident, truth where the usually optimistic official data might not be completely reliable. The debate is open, making it difficult to identify the actual reach of the economic consequences born out…

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Companies 2nd July 2012

Telefónica trims down net financial debt by €1.45 billion with Colombia merger

MADRID | Telefónica reported Monday to the Spanish financial regulator CNMV about the final completion of the merger process of Telefónica Móviles Colombia and Colombia Telecomunicaciones. The joint society will be owned by the Spanish company, which retains a 70 percent participation, and the Colombian State, with the remaining 30 percent. Telefónica explained that at the end of the second quarter of this year, this deal would cut its consolidated…

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Spanish economy 2nd July 2012

University students in Spain to pay back scholarships depending on marks

MADRID | University students in Spain who fail more than half of the subjects they enrolled for will have to return the full amount of their awarded scholarship. A royal decree that sets the thresholds of income and family assets and the amounts of grants and financial support for the 2012-2013 academic year came into effect Monday after its approval by the Spanish cabinet. Before the changes, it was required that…

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Markets 29th June 2012

Euro stress-free area

By Julia Pastor, in Madrid | After so many fruitless meetings, conversations and rounds nobody expected that the European leaders would be able to reach a more than reasonable agreement for Europe, that tough Germany would relax its position towards its Southern partners, and Spain and Italy would resist before the steam engine of the euro zone. But it happened. Banks will be recapitalised directly with the European Stability Mechanism…

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Markets 29th June 2012

After stagnation, a change of scene for French economic policy?

By CaixaBank research team, in Barcelona | France's statistics institute confirmed the French economy's stagnation in the first quarter and the year-on-year rate of change stood at 0.3%. In April, the economic climate indicator worsened and, in May, most leading indicators showed this decline getting worse, affected by the economic uncertainty, particularly due to the euro area crisis. The economy is therefore likely to continue slowing down in the second…

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World economy 28th June 2012

“There will be a surrender of sovereignty, but not quickly or emphatically enough”

By Tania Suárez, in Madrid | Intermoney chief economist José Carlos Díez considers that a monetary union with stability and credibility will not be possible unless there is a surrender of sovereignty. He adds that it is not only Germany the one that must be flexible in its position, but all member countries alike. Can be the Thursday-to-Friday summit  considered as “the definitive” or will it result into a new…

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Companies 28th June 2012

Trenitalia partnership to improve Spanish Amadeus’ client loyalty rate

MADRID | Trenitalia, the transport division of the Italian FS Group, and travel technology firm Amadeus, which is a transaction processor for the global travel and tourism industry, announced this week their partnership. Trenitalia will distribute its content through all Amadeus channels. In Thursday's investor notes, financial analysts in Madrid welcomed the business agreement as good news for the Spanish company. Amadeus' bet is that high speed train will be…

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Companies 27th June 2012

Will Correos follow Deutsche Post’s privatisation model?

By Sergio Sáiz | www.expansion.com | SEPI, the State organisation that holds public stakes in Spanish companies, could obtain between €700 million and €2.5 billion with the privatisation of the national postal group Correos. It will depend on the formula used to sell it. The case of Deutsche Post could be a model to imitate. Correos has a staff of around 62,000 people. This point, which could be an engine for employment in Spain,…