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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.
EEUU

In the World 25th February 2025

US consumer confidence falls to 15-month low in climate marked by tariff fears and high interest rates

Bankinter | University of Michigan consumer confidence (final figure) fell more than expected in February, to a 15-month low of 64.7 points versus 67.8 expected versus 71.1 previous. The fall occurred in both components of the index, both Current Situation (65.7 versus 68.7 preliminary versus 74.0 previous) and Expectations (64.0 versus 67.3 preliminary versus 69.3 previous). Opinion of the Bankinter analysis team: The decline in confidence comes at a time…

Montero

In Spain 25th February 2025

ERC announces cancellation of €17 billion in debt to Catalonia, agreed in exchange for investing Sánchez

Oriol Junqueras, the independentist leader of ERC, announced yesterday that the Government and ERC have agreed to cancel more than €17 billion, 22%, of Catalonia’s debt with the Autonomous Liquidity Fund (FLA). The agreement was reached between ERC and PSOE in exchange for Pedro Sánchez’s investiture and is intended to be implemented immediately. Hours after ERC’s announcement, the central government offered to forgive €83.252 billion of debt to the autonomous…

telefonica logo nuevo

Relevant News Item 25th February 2025

Telefónica sells Argentine subsidiary to Telecom for $1.245 billion

Telefónica has sold its subsidiary in Argentina to the competing group Telecom, in which the media group Clarín is involved, for $1.245 billion dollars. The Argentine government has issued an official statement warning that it will only approve the operation if it respects the principles of free competition. Under the recent presidency of Marc Murtra, Telefónica is at a key moment regarding its operations in Latin America, as its subsidiary…

Naturgy edificio 640x420

Companies, Relevant News Item 25th February 2025

Improved dividend and announcement of purchase of 10% by company itself continue to support Naturgy

Banc Sabadell | From the conference call results 2024 and update of the Strategic Plan 25-27 of Naturgy (NTGY) we highlight: Given that market conditions are now more complex for investing, they prefer to be more cautious, so if they do not find investments they will distribute the accumulation of cash to shareholders; all this would be conditional on a floor in the BBB rating (S&P). They are committed to…

sabadell

Relevant News Item 25th February 2025

Banco Sabadell presents allegations to Competition Commission regarding BBVA hostile takeover bid

Alphavalue/DIVACONS | on Friday, the Catalan financial institution presented its allegations to the statement of specific facts (SSF) that the CNMC (National Commission on Markets and Competition) sent to it on 31 January, as it did to BBVA (Buy, Target Price €16.6/share) .The bank presented arguments similar to those it had previously presented to the CNMC in the first phase, but focusing on the problematic aspects in terms of competition…

IPC varios Eurozona.

European economy 25th February 2025

Eurozone inflation rises to 2.5% in January due to increase in energy price, largest increase since July

CdM | Eurozone inflation rose by a tenth of a percent in January, bringing the year-on-year rate of the Consumer Price Index (CPI) to 2.5%, in line with estimates and the highest increase since July last year, according to the second reading published by Eurostat, the statistical office of the European Union (EU). The rise in inflation was mainly due to the increase in the cost of energy, which rose…

Spain defence spending

In Spain 24th February 2025

NATO accelerates pressure to increase military spending, including Italy and Spain

NATO Secretary General Mark Rutte urged Alliance partners on Thursday to raise military spending to 2% of GDP by summer and warned that those who do not comply will receive ‘a call from a very nice man in Washington,’ referring to President Trump. Rutte commented yesterday that there are already ’22 or 23′ states meeting the 2% commitment, but some are still lagging behind – Italy and Spain, among others…

grenergy

Relevant News Item 24th February 2025

Grenergy revamps brand to position itself among leaders in energy storage with $2.6-billion investment plan until 2026

CdM | Grenergy has presented its new brand image, reaffirming its strategic commitment to lead the energy storage sector globally. To achieve its goal, the company presented an investment plan of $2.6 billion between 2023 and 2026. The plan, which is very focused on storage, “underlines its commitment to move towards a more sustainable and efficient energy model, based on offering a stable energy supply,” they say. ‘Green must go…

sacyr 4 588x353

Relevant News Item 24th February 2025

Ahead of Sacyr 2024 results: pending asset rotation in Colombia; declines in concession revenues

Renta 4 | Awaiting to find out the date on which Sacyr (SCYR) will present its 2024 figures and hold its conference. Overweight, P.O. €4.29. Results that we hope will continue to be in line with the group’s strategy. Single-digit declines expected in concession revenues, as, despite the fact that concessions are still on the rise, construction revenues are falling due to the completion of major projects in 2023. In…

airbus A320

European economy 24th February 2025

Airbus CEO says deliveries to non-US customers could be prioritised if tariffs disrupt imports

Link Securities | Airbus (AIR) CEO Guillaume Faury made it clear on Thursday that he could prioritise deliveries to non-US customers if tariffs disrupt the aircraft manufacturer’s imports into the United States, according to Bolsamanía. We have great demand from the rest of the world, so if we face very significant difficulties in delivering to the United States, we can also adapt by bringing forward deliveries to other customers who…