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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.
JustinTrudeau

In the World 8th January 2025

Justin Trudeau resigns, but will stay in office until party finds another leader to put forward in October election

Banca March | Canada’s Prime Minister announces his resignation after nine years in office due to a loss of public support and internal pressures within his party. The Canadian leader has announced that he will remain in office until the Liberal Party finds another leader to present in the next elections scheduled for October. He has also announced the closure of Parliament until 24 March, in order to avoid an…

españaeneuropa

In Europe 8th January 2025

Germany’s CPI rises to 2.6% year-on-year in December, France’s to 1.8%, Switzerland’s falls to 0.6%

Bankinter: Yesterday Germany’s CPI rebounded more than expected in December to 2.6%. Inflation came in at 2.6% year-on-year from 2.2%, when a more modest rebound to 2.4% was expected. Team’s view: Disappointing inflation data in December as it showed a stronger than expected rebound. However, we expect CPI to moderate in the coming months in a context of weak economic activity, lower energy prices and more contained wage increases. France’s…

OHLA

In Spain 8th January 2025

OHLA capital increase approved by 90% of bondholders

Link Securities | In connection with the Consent Solicitation process addressed to the holders of the Senior Secured Notes issue (€487,266,804 Split Coupon Senior Secured Notes due 2026) of OHL Operaciones, S.A.U. (the Issuer) (ISIN: XS2356570239 / XS2356571120) for the approval of the agreements contained in the consent solicitation memorandum published by the Issuer on 2 December 2024, OHLA (OHLA) informed that on Monday the Consent Solicitation process has been…

grenergy

In the World 8th January 2025

Grenergy signs $324 million financing for phase 4 of Oasis de Atacama

Link Securities | Grenergy (GRE) has informed the National Securities Market Commission (CNMV) that it has signed senior non-recourse financing with BNP Paribas Securities Corp, Natixis Corporate & Investment Banking (Natixis CIB), Société Générale, The Bank of Nova Scotia and Sumitomo Mitsui Banking Corporation (SMBC) for an amount of $324 million. This financing, which covers phase 4 of Oasis de Atacama, corresponds to 269 MW solar and 1.1 GWh of…

Global debt

In Spain 8th January 2025

Spain to issue debt amounting to €278.000 million in 2025, 7.4% increase on 2024, new debt to total €60.000 million

For 2025, the Treasury plans to issue €60.000 million of net debt, which is 9% more than the €55.000 million in 2024. The increase, as assured by the Minister of Economy, Carlos Cuerpo, after the Council of Ministers, aims to “provide sufficient flexibility to respond to the disaster of the DANA” and to assist “for as long as necessary to those affected.”In gross terms, this year the Treasury will need…

se alquila

Spanish economy 7th January 2025

INE publishes indicator limiting rise in rents for first time: 2.2% for 2025

Bankinter | The National Statistics Institute (INE) has published for the first time the indicator that limits the rise in rents. It places it at 2.2% for 2025, below inflation, which reached 2.8% year-on-year in December (preliminary), and the underlying rate (2.6%). The index is defined as the minimum value between: (i) year-on-year change in the CPI; (ii) year-on-year change in the core CPI; and (iii) a third variable incorporating…

airbus A320

In Europe 7th January 2025

Airbus makes 757 deliveries in 2024, seven fewer than planned, and could reach 820 units in 2025

Morgan Stanley | According to the latest Cirium data, Airbus delivered 114 aircraft in December (up 36% month-on-month), bringing total 2024 deliveries to 757 (versus 770 guidance and 750 consensus estimates) and reflecting a clear improvement in execution and operational visibility heading into year-end. Therefore, with 2024 delivery risks already behind us, Ross Law (analyst) expects the market to shift its focus to 2025 and beyond. In fact, he believes…

Montero

In Spain 7th January 2025

Treasury raises nine taxes this year

The government’s refusal to deflate the income tax rate has allowed Spain to close the year 2024 with a record tax collection, close to €300 billion. This does not prevent the government from proposing new tax increases in 2025. Some have already come into effect on January 1. Others will do so in the coming months:– Corporate Tax: Multinational companies with a turnover of more than €750 million will pay…