Top Stories

Articles by The Corner

About the Author

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.
congreso

Spanish economy 23rd September 2024

Congress of Deputies re-examines deficit path for fourth time with Government lacking sufficient support

This Thursday, September 26, the Plenary of Congress, will debate and vote on the budgetary stability and public debt objectives for the administrations for the next three years, with the Government lacking sufficient support to overcome its parliamentary processing. Thus, the path will return to the Lower House two months after being rejected by the votes against from the PP, Vox, UPN, and Junts. Now, the Lower House will once…

grifols

Spanish economy 23rd September 2024

Group of funds ask for seat on board to be able to monitor Brookfield’s possible takeover bid for Grifols

Bankinter | Flat Footed, Mason Capital Management and Sachem Head funds jointly control 7.7% of Grifols (GRF) and have asked for a seat on the Grifols board. Their objective is to monitor the takeover bid process being analysed by Brookfield and to ensure that a high premium is paid. Opinion of the Bankinter analysis team: Negative news and a new complication in the development of the possible takeover bid for…

IPC varios Eurozona.

In Europe 22nd September 2024

3% fall in energy prices vs. August 2023 drives Eurozone’s new disinflationary advance

Singular Bank: According to Eurostat’s final reading, in August the year-on-year rate of change of the Eurozone’s headline CPI stood at 2.2% (versus 2.6% in July), representing its lowest level in three years. In a situation in which monthly prices grew at a faster pace of 0.1% (versus 0.0% in July). This new advance in the disinflationary process was driven by the fall in energy prices of 3.0% with respect…

Naturgy edificio 640x420

Spanish economy 22nd September 2024

Government authorises BlackRock’s entry into Naturgy but bars stock exchange delisting

Banc Sabadell: The Council of Ministers approved the entry of Blackrock in Naturgy (NTGY) after the purchase of GIP (20% NTGY) last January with the guarantees established for strategic companies. Although Blackrock would have requested the possibility of assessing a future delisting or analysing a sale of assets (such as the one included in the Gemini Project), it would have been denied. It will have to face the same conditions…

iberdrola offshore

Companies, European economy, Ibex 20th September 2024

Iberdrola inaugurates Saint-Brieuc wind farm, one of first two in France

Link Securities | Iberdrola (IBE) has inaugurated on Thursday in Brittany the Saint-Brieuc wind farm in France, one of the first two in the country, with 496 MW of capacity and an annual production of 2 million megawatt hours (MWh), as reported on Thursday by Bolsamania.com. This will provide safe, indigenous and emission-free energy to nearly one million people. With an investment of €2.4 billion, the project began to be…

spain congress

In Spain 20th September 2024

Puigdemont warns Government Junts will topple budget spending ceiling again if no renegotiation

The former president of the Generalitat and leader of Junts, Carles Puigdemont, has warned the Government this Thursday that his party will again vote against the budget stability path. He has done so in response to a publication in the social network X in which a news item was linked to statements by the first vice-president of the Government and Minister of Finance, María Jesús Montero, who said that they…

ElenaJimenezdeAndrade

Interviews 20th September 2024

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

alemania recesion

European economy 20th September 2024

ZEW economic sentiment index disappoints again, falling to 3.6 points from 19.2 in August

Link Securities | The ZEW Institute published on Tuesday that its index measuring sentiment about Germany’s economy among large investors and analysts fell in its September reading to 3.6 points from 19.2 points in August, down to its lowest level since October 2023. The FactSet analyst consensus expected a much higher reading of 16.6 points. This brings the index to three consecutive months of declines. Meanwhile, the ZEW index, which…

ArcelorMittal

Relevant News Item 19th September 2024

ArcelorMittal rules out Gijón explosion affecting production

Link Securities | The steel multinational ArcelorMittal (MTS) has ruled out that the explosion recorded on Tuesday in the batteries of its factory in Gijón, in which three workers were injured and are hospitalised with a guarded prognosis, will affect its production, according to the newspaper Expansión. It could, however, happen that some rolling mills such as plate, rail or wire rod, which are fuelled by coke gas, may have…

Over 90% of foreign companies in Spain expect to increase or maintain their investment in 2020

In Spain 19th September 2024

INE Revises GDP Growth for umpteenth Time and Increases 36 Billion for 2023

The umpteenth retrospective revision of Spain’s growth data released this Wednesday by the National Statistics Institute (INE) has once again improved the picture for the years 2021, 2022, and 2023, and has rescued €36.4 billion of last year’s GDP that the initial measurement had not detected, therefore raising the real economic growth for 2023 from 2.5% to 2.7%. According to this new statistical correction, the National Gross Domestic Product approached…