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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.
Trump Aranceles

In the World 29th May 2025

Trump’s tariff moderation lifts Conference Board consumer confidence in US by 12.3 points to 98 in May

Singular Bank | In May, the Conference Board’s US consumer confidence index rose 12.3 points to 98.0, after five consecutive months of declines, up from 87.1 expected and 85.7 previous (revised from 86.0). The improvement is explained by the moderation of uncertainty following the US trade agreement with the UK and the 90-day tariff pause with China. Against this backdrop, the current situation index in May increased by 4.8 points…

Spanish mortgages market

Spanish economy 29th May 2025

Number of mortgages in March in Spain reaches 42,831, 44.5% increase in annual rate

Link Securities | According to data released yesterday by the National Statistics Institute (INE), the number of mortgages taken out on homes in March rose to 42,831, representing an increase of 44.5% year-on-year. The average amount of these operations was 156,698 euros, an increase of 14.3% in the interannual rate. In addition, the average amount of mortgages on the total number of properties registered in the land registries (from previously…

Fluidra piscina

Spanish economy 29th May 2025

Fluidra president concerned about US tariffs; company raises prices in North America by 3.5%

Link Securities | Fluidra (FDR) is concerned about the US tariffs due to the uncertainty they cause, although it recognises that, for the moment, they have had no impact on its accounts, according to the president, Eloi Planes, who told Expansión on Tuesday. The executive described the tariffs as a negative roller coaster for the economy and recalled that FDR has studied with its suppliers a realignment of the supply…

escriva

In Spain 29th May 2025

‘New’ Bank of Spain, factory of falsehoods

The arrival at the Bank of Spain of José Luis Escrivá, who left his ministerial portfolio with Sánchez to take control of the Bank of Spain and end the critical tone that the issuing bank maintained regarding the government’s economic policy, has already claimed several victims. The most prominent, a few days ago, was that of Ángel Gavilán, the entity’s Director of Economics, who, after presenting the issuing bank’s latest…

Talgo

In Europe 28th May 2025

Talgo wins €2.4 billion contract with FlixTrain for order of 65 Talgo 230 trains

Renta 4 | The company has informed the National Securities Market Commission (CNMV) that it has been awarded a contract with FlixTrain, a subsidiary of the global travel technology company Flix SE, for the supply and maintenance for 15 years of up to 65 Talgo 230 trainsets. The contract value amounts to €2.4 billion, with the scope of the first order being 30 trains and maintenance for 15 years for…

Acciona

In the World 28th May 2025

Acciona Energy starts up 280MW wind farm in Canada, one of country’s ten largest

Intermoney | Acciona Energía (Buy, PO 26 ) yesterday announced the commissioning of the Forty Mile wind farm (280MW) in Alberta (Canada), one of the ten largest wind farms in Canada and the largest facility of its kind that the company has built to date in North America. Forty Mile consists of 49 Nordex wind turbines, each with a capacity of 5.7MW and a tower height of 108 metres. According…

credit cards

Spanish economy 28th May 2025

Collapse of credit foreshadows more banking restructuring

Aurelio Medel (5 Días) | The fall in indebtedness of companies and families can be interpreted as proof of the improvement of their financial health, also as further evidence of the low investment made in Spain, or as a warning that the restructuring of the financial sector will continue. The decline in credit activity adds to a context of a permanent increase in capital requirements, which have placed the sector…

BBVA Holvi

In Spain 28th May 2025

Sánchez, pressured by Puigdemont, will decide on BBVA’s Sabadell takeover bid within 30 days

The Minister of Economy, Trade, and Business, Carlos Cuerpo, has finally decided to elevate BBVA’s public takeover bid (OPA) for Banco Sabadell to the Council of Ministers for the integration to be examined for reasons of general interest other than competition. This is a move expected by the market. Now, a period of 30 calendar days begins for the Council of Ministers to issue its opinion on the OPA. The…

IAG

World economy 27th May 2025

IAG returns to MSCI World Index following exclusion in 2019 for protecting shareholding from non-EU investors in wake of Brexit

Renta4 | IAG will enter the MSCI World Index from Monday 2 June. Ryanair will also enter the index. The MSCI World Index incorporates some 1,350 medium and large companies from the world’s 23 major developed economies. IAG was part of the index until March 2019 when it was excluded following its decision to shield its shareholding from non-EU investors to protect itself from Brexit. Assessment: Positive news as the…

utilities electricas

Spanish economy 27th May 2025

Competition authority plans to charge electricity companies 6.5% for networks and 6.4% for gas for next six years

Banco Sabadell : According to press reports, and confirming rumours that have been appearing in the press over the last month, the National Markets and Competition Commission (CNMC) is moving forward with its decision to approve a 6.5% remuneration for electricity distribution networks and 6.4% for gas for the next six years. Assessment: As for electricity, although the news is negative, it was already known that the proposal being considered…