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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.

In Spain 25th March 2025

Brussels prohibits Spain from paying €101 million awarded by arbitration court to fund harmed by cut in renewable energy compensation

The European Commission has just made a key decision in the battle between renewable funds and the Spanish government, in which around €1.7 billion are at stake. The European executive has concluded that an arbitration award requiring Spain to compensate Antin Infrastructure Services with €101 million for the modification of a support scheme for renewable electricity constitutes illegal state aid. This decision means that Spain will not be able to…

Relevant News Item 24th March 2025

Number of mortgages granted grows 11% year-on-year, average amount 10.2% and total amount granted 24.3%

Santiago Martínez Morando (Ibercaja) | The strong growth of the mortgage market experienced in the second half of 2024 continued in January: the number of mortgages granted grew by 11.0% year-on-year, the average amount per mortgage by 10.2% and the total amount granted by 24.3%. In twelve months, 429,000 mortgages were granted for an average value of €146,835 and a total amount of €62,948 million. Number of mortgages granted in…

Spanish economy 24th March 2025

Spanish exports grew by 14% during Trump’s first term

Elisa Carbonell, CEO of ICEX | The global geopolitical situation has been complex for several years now: with the Covid-19 pandemic, global supply chains were put to the test, and since then, various events of different natures have occurred that are having implications for international trade. Despite this, Spanish merchandise exports have performed well in recent years: Spanish companies have been able to maintain and even increase their global market…

Spanish economy 24th March 2025

CNMV approves March family’s delisting of Corporación Financiera Alba

Link Securities | The Board of the National Securities Market Commission (CNMV) agreed to authorise the delisting offer for Corporación Financiera Alba (ALB) submitted by the company itself, Carlos March Delgado and Son Daviú, S.L.U. on 17 January 2025, on the understanding that its terms comply with current regulations and that the content of the explanatory brochure submitted after the latest amendments registered on 13 March 2025 is sufficient. The…

In Europe 24th March 2025

EC reinforces steel safeguard clause as of 1 April in response to Trump’s tariffs

Bankinter | The European Commission (EC) is to reinforce the steel safeguard clause, as of 1st April. The EC will reinforce steel safeguard measures as of 1st April to ensure their effectiveness, in response to the tariffs established by the United States on 12th March (25% on all steel and aluminium imports). The EC is working on a new long-term safeguard clause to maintain ‘highly effective protection’ for the sector,…

In the World 24th March 2025

Fed keeps interest rates unchanged, raises inflation projections and recognises high level of uncertainty

Norbolsa | The monetary authority kept interest rates unchanged as expected after a meeting where the focus was on economic projections and the outlook for rates. Thus, the easing of recession risks, together with the maintenance of expectations of two rate cuts during the year, reassured the market, although it recognised that with the high uncertainty in the scenario, the best estimate given by the members is that they will…

In Spain 21st March 2025

Government’s calculations not adding up, continues losing votes

While the president of the government negotiates in Brussels for the rearmament of the European Union, which is strongly opposed by his coalition partners, in the Congress of Deputies, the PSOE loses vote after vote, losing the support of Junts (the party of Puigdemont) in some cases, ERC (the party of Oriol Junqueras) in others, and Sumar, the party led by Yolanda Díaz, the vice president of the government.In one…

Spanish economy 21st March 2025

Indra criticises General Dynamics’ management by announcing intention to buy armoured vehicle manufacturer Santa Bárbara Sistemas

Alphavalue/ Divacons | Expansión comments that Indra is concentrating its signings on defence companies. For his part, the president Ángel Escribano emphasises that they will fulfil the strategic plan ahead of schedule. According to yesterday’s Expansión, the Spanish IT services and consulting company harshly criticised the management of Santa Bárbara by General Dynamics, the US defence giant. The Spanish company started a transatlantic war of words by announcing its intention…

Spanish economy 20th March 2025

Housing prices to rise by 10% in sales and 8.6% in rentals in 2025, according to UCI and SIRA

Renta 4 | According to the forecasts included in the 22nd edition of the Real Estate Barometer, prepared by the Union of Real Estate Credits (UCI) and the Spanish International Realty Alliance (SIRA), the price of housing will rise by 10% for sales and 8.6% for rentals in 2025. Transactions, meanwhile, are expected to grow by 4.6%,to 750,000 units. The context of supply-demand imbalance, the fall in interest rates and…

European economy 20th March 2025

Santander restructures UK business by reorganising branches to increase profitability

Link Securities | Banco Santander (SAN) is restructuring its UK business to increase the profitability of the subsidiary, which has been under pressure in recent years and is below the group average, according to the newspaper Expansión. Specifically, Santander’s British subsidiary has announced a reorganisation of its branch network, which will involve the closure of 95 branches, 21% of the 444 it currently has. In addition, it will introduce other…

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