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.
indra edificio 2

Brussels reportedly considering slapping extraordinary tax on arms giants

Intermoney | The German media Spiegel published a report on Monday in which they mentioned that Brussels is considering imposing some kind of measure on arms giants to prevent billions of euros of public money being invested from ending up directly in the pockets of shareholders. These measures could range from taxes on extraordinary profits to partial nationalisations of the companies or stricter contracts with fixed prices. The German company…


ArcelorMittal

Tariffs on steel and aluminium up from 25% to 50%: negative for ArcelorMittal, positive for Acerinox

Bankinter | US President D. Trump announced that he will raise tariffs on all steel and aluminium imports from all countries from 25% to 50% as of Wednesday 4 June. The 25% tariff was set on 12 March. Analysis team’s view: This increase comes days after a US International Trade Tribunal called into question reciprocal tariffs, but not sectoral tariffs. This new sectoral tariff increase complicates ongoing negotiations with many…


portugal parlamento congreso

Two-party system ends in Portugal: Chega overtakes Socialist Party to become second political force

Bankinter | Chega overtook the Socialist Party (PS) and, after the votes of emigrants in the legislative elections were counted, became the second political force with the most deputies in Parliament. The party led by André Ventura, which won in the two emigrant districts – Europe and Outside Europe – will elect two more deputies and will have 60 representatives in Parliament, two more than the PS, which has 58….


US inflation2

US personal consumption price index rises 2.1% in April, core 2.5%

Link Securities | The Commerce Department released on Friday that US personal income rose 0.8% in April from March, significantly more than the 0.4% increase analysts had expected. This increase was mainly due to a 2.8% rise in personal current transfer income. In addition, compensation of employees rose by 0.5 per cent. Rental income was unchanged, while income from personal rents on assets fell by 0.4 per cent. On the…


The returm of migration to Spain

Spanish per capita income is 86.6% of European average, surpassed by only two regions: Madrid and the Basque Country

Eurostat has published the data on per capita disposable income for the countries of the European Union up to the year 2022. This refers to the resources available to individuals, including salaries, capital income, public aid, and other income. In 2022, the per capita income (net disposable income) of Spain was €16,800 per year, which represents 86.6% of the average for the European Union of 27 countries. That is, 13%…


naturgy eolica

CNMV approves Naturgy’s auto-IPO to acquire up to 9.08% of its capital at €26.50/share

Banc Sabadell : The National Securities Market Commission (CNMV) has authorised the auto-IPO of Naturgy (NTGY) to acquire up to 9.08% of its share capital (with the aim of improving its free float) at €26.50/share. The acceptance period will be 15 days from the day after details of the offer are published in the press. On the other hand, the company has confirmed that it will not go ahead with…


inflacion precios 1

ECB’s expectations for average Eurozone inflation over next 12 months rise in April to 3.1% from 2.9% in March

Link Securities | According to the monthly report published by the ECB, average inflation expectations in the Eurozone for the next 12 months rose in April for the second consecutive month to 3.1% and from 2.9% in March, standing at its highest level since February 2024. Inflation expectations for the next three years remained unchanged in April at 2.5%, while inflation expectations for the next five years stood at 2.1%…


sicilian mafia godfather

PP calls demonstration against “mafia government”

Spanish political life today revolves around some audios in which Leire Díez, a PSOE (Spanish Socialist Workers’ Party) member who has held senior positions in various state-controlled companies (Correos, ENUSA…), offers a businessman who fled Spanish justice a favorable deal from the prosecutor’s office if he reveals information that could compromise the head of the Central Operative Unit (UCO) of the Civil Guard. The UCO is the unit working with…


talgo tren

SEPI could grant Talgo €120m convertible loan to unblock Basque consortium’s entry in capital

Renta 4: According to press reports, SEPI (the State-owned industrial holding company) could grant a convertible loan to Talgo to unblock the entry of the Basque consortium in the capital of the rolling stock manufacturer. The operation would consist of a convertible loan amounting to €120 million to cover the fine of €116 million imposed by Renfe on Talgo for the delay in the supply of the 30 AVRIL trains….


Talgo

Talgo calls EGM to reshuffle board after being left inquorate

Alphavalue/DIVACONS | The train manufacturer has called an Extraordinary General Shareholders’ Meeting for 27 June in order to restructure its board of directors, after it was left with an insufficient number of members to reach the quorum necessary for its valid constitution and operation. This situation follows the death of its independent director Emilio Novela Bartín on 16 May in Madrid, the company informed the National Securities and Exchange Commission…