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.
caf1CM

Alstom appeals selection of CAF to renew Belgium’s train fleet again, despite national operator’s decision to continue process

Norbolsa | Alstom is again appealing the tender for the Belgian SNBC contract despite the operator’s decision to continue with the process (still unsigned). The Council of State (administrative court) has set a hearing for 29 August, at which Alstom will face SNBC. The appointment of CAF to renew the Belgian fleet, a project with an assessed value of between €1.7 billion and €3.5 billion, prompted Alstom, which has two…


iag aireuropa

IAG to keep 20% stake in Air Europa after Turkish Airlines investment of €300 million

Norbolsa | LThe Spanish airline has accepted the proposal from Turkish Airlines, which will invest €300 million. The deal includes a €275 million loan that will be converted into shares and an additional €25 million cash contribution to enter directly into the capital. With this move, the Turkish airline will acquire between 26% and 27% of Air Europa, thus appreciating its stake in the Hidalgo family’s company. Following the transaction,…


Iberdrola east anglia

Iberdrola completes foundations for substation of East Anglia 3 offshore wind farm in North Sea

Alphavalue / Divacons | The Spanish utility company, through its British subsidiary Scottish Power, has taken a decisive step forward in the commissioning of its East Anglia 3 offshore wind farm, located in the North Sea off the coast of Suffolk (United Kingdom). The company has completed the installation of the foundations for the project’s offshore substation. In other news, Iberdrola has appointed Juan Luis Pérez Martín, a lieutenant general…


fire

New political row over more than 400,000 hectares burned this summer in Spain

More than 400,000 hectares have burned in Spain—primarily in Galicia, Castilla y León, and Extremadura—in the worst summer on record. This is well above the 306,000 hectares that burned in 2022. The burned area accounts for 0.8% of the country’s surface area and 40% of the surface area burned in Europe. And although the situation has improved significantly, there are still 15 active fires that will continue to add to…


Telefonica Murtra 1

Telefónica: doubts about possible capital increase punish stock by 4.81%

CdM | Doubts about a possible capital increase by Telefónica punished the stock by 4.81%, recording the worst performance in the index. According to vozpopuli.com, TELEFÓNICA (TEF) is considering the possibility of carrying out a capital increase, which would be approved in the coming weeks. The operation, according to this media outlet, would have the support of the main shareholders: the State, through SEPI; the Saudi operator STC and CriteriaCaixa….


reino unido libra

UK inflation remains high due to pressure from services, complicating BoE’s position

Bankinter | CPI (July): 3.8% year-on-year versus 3.7% expected and 3.6% previously. Underlying: 3.8% versus 3.7% expected and previously. Bankinter analysis team’s view: Inflation remains high, pressured by services (+ 5.0% versus 4.8% expected and 4.7% previously) and complicates the BoE’s position, which faces a cooling economy and labour market in an environment of high prices. Inflationary pressures have increased in recent months, reaching 3.8% in July versus 2.6% in…


iberdrola solar

Iberdrola to build new agrovoltaic plant in Álava as part of ‘Vitoria-Gasteiz: Laboratory City’ programme

Alphavalue/DIVACONS | The Spanish utility company will build a new agrovoltaic plant in Álava with the aim of promoting the cultivation of apples for the production of high-quality cider and generating renewable electricity in the Basque Country. According to Iberdrola, the project will be developed on land donated by the Vitoria City Council as part of the municipal programme ‘Vitoria-Gasteiz: Laboratory City’. Meanwhile, a leading analysis firm raised Iberdrola’s target…


BBVA vela atardecer

BBVA places €1 billion in senior non-preferred green bonds

CdM | BBVA has placed €1 billion in senior non-preferred green bonds with a ten-year maturity on Wednesday, maturing in 2035. Demand for the bonds peaked at €2.9 billion, reflecting investor appetite for this type of green-labelled product. At the close of the issue, the price was set at mid-swap plus 108 basis points, significantly below the initial price (mid-swap plus 135 basis points). This is the lowest spread on…


eurozona mapa billete 1

Eurozone annual inflation remains at 2%

CdM | The annual inflation rate in the eurozone was 2% in July 2025, stable compared to June. A year earlier, the rate was 2.6%. Annual inflation in the European Union was 2.4% in July 2025, up from 2.3% in June. A year earlier, the rate was 2.8%. These figures were published by Eurostat, the statistical office of the European Union. The lowest annual rates were recorded in Cyprus (0.1%),…


aranceles comercio

Eurozone current account balance shows €36 billion surplus, up €4 billion on previous month

Link Securities | According to data published on Tuesday by the European Central Bank (ECB), the Eurozone current account balance recorded a surplus of €36 billion in June, an increase of €4 billion compared to the previous month. In June, surpluses were recorded in goods (€23 billion), services (€16 billion) and primary income (€14 billion). In seasonally adjusted terms, the current account surplus rose to €35.8 billion in June, from…