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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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Markets 13th July 2012

IG Markets’ Daniel Pingarrón: “Euro accords must be implemented quicker”

By valenciaplaza.com | IG Markets' Daniel Pingarrón said in a conversation with VP for The Corner that the European authorities and the Spanish government should improve their timing if they want investors to believe that they can set up a coordinated, effective plan. The Spanish market index Ibex spiked after president Mariano Rajoy announced its austerity policy, but it was a short-lived reaction. Why was that? The recovery of the…

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Companies 13th July 2012

The market gives approval to Inditex’s Spanish VAT defiance

MADRID | The Inditex Group announced this week that it would completely absorb the increase in VAT from 18% to 21% that the Spanish government will carry out as one of its austerity measures to sustain the State's levels of income. But Inditex said it would not increase the prices of its products. In fact, this counter-price policy will extend to all of the Inditex Group’s chains, from Zara, to Pull&Bear, Massimo…

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Companies 12th July 2012

Iberdrola sells Energetix, NYSEG Solutions in the US to UK’s Centrica

MADRID | Spain's Iberdrola today announced an agreement by which Iberdrola USA will sell to Direct Energy the 100% of its unregulated gas and electricity retail companies Energetix and NYSEG Solutions, both based in New York State for $110.2 million. The two companies in the process of being sold provide electricity, natural gas and energy related products and services to residential, small business, large commercial and industrial customers. As of the end…

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World economy 12th July 2012

Koala Capital’s Marc Garrigasait: “industrial activity is in full contraction”

By valenciaplaza.com | How long will it take for the euro zone to finally set its mechanisms and tackle its imbalances? The euro country members only started to do some serious work in the last summit, said Marc Garrigasait, president of Koala Capital Sicav, in a conversation with VP. What feelings do you go through while watching your stock market monitors? I've never lived through a period in which not only…

Rajoy assumes the cost of the crisis

Spanish economy 11th July 2012

Spain’s president Rajoy makes a move: cutbacks and rise of taxes

how can i get my ex back By Tania Suárez, in Madrid | The president of the Spanish government Mariano Rajoy had a purpose this morning. He wanted to make a decisive move, not just a simple declaration of intentions. He wanted to get out of his hideout to take the reins of Spain. And he has done it. During a speech in a plenary session of the Congress this…

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In Europe 11th July 2012

Emerging Europe: at two speeds

By CaixaBank research team, in Barcelona | As the year advances, it seems to confirm that the EU economies of emerging Europe are moving at two speeds, as is also the case of the European Union as a whole. Focusing on the five countries we usually review in this report (Poland, Slovakia, Hungary, Romania and the Czech Republic), the first two are keeping up a slightly faster pace in activity…

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Companies 10th July 2012

Seven world mobile operators join alliance against fragmented M2M market

MADRID | A total of seven world mobile operators, KPN, NTT DOCOMO, INC., Rogers, SingTel, Spain's Telefónica through its Telefónica Digital unit, Telstra and Vimpelcom have entered into an alliance to initiate collaboration with respect to their machine to machine or M2M businesses. According to their public announcement, “the important scale resulting from the cooperation of this group of operators will be of the utmost importance in addressing the complex and fragmented nature of M2M market.” More specifically, the alliance covers technological cooperation to enable…

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Spanish economy 10th July 2012

Practical guide to know how and when Spain will implement the new adjustments

B. Toribio and R. Ugalde (lainformacion.com) | Fasten your seat-belts! This week we will see a new wave of cutbacks that will affect Spaniards'pockets. The president of the Spanish government Mariano Rajoy, and his team, have been warning the country for the last weeks, and here we explain how, when and why those measures will be carried out. Next Friday July 13 is the beginning of many more austerity announcements…

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Spanish economy 10th July 2012

Clueless Angela Merkel releases €30 billion for Spain’s banking bailout

how do i get back my ex girlfriend By Luis Arroyo, in Madrid | Changing the goal posts… Again, Brussels rectified. The euro finance ministers Ecofin made this morning the decision of not waiting until 2013 to release at least part of the capital aid package. A third of the total sum of €100 billion will be available in July. The connotations of this change of mind, though, go beyond…

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Markets 10th July 2012

Recession in euro area milder with Spain self-financing by 2014, says LGIM

LONDON | The euro area's debt-burdened economy is unlikely to improve soon, but it has built in up resilience against steep declines. The downturn this time should be softer than it was four years ago, Legal & General Investment Management LGIM said in an investor note. The report explained that growth in the euro area will remain weak but that a severe recession in the region as a whole is…