Top Stories

Articles by The Corner

About the Author

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.
CO2

Relevant News Item 12th February 2024

Worldwide CO2 emissions exhibit marked stability, registering a slight increase of 0.1% against 2022’s 1%

BBVA Research | Real time estimations by Carbon Monitor for 2023 reveal that worldwide carbon dioxide (CO2) emissions have exhibited a marked stability, registering a slight increment of 0.1% (vs. 1% in 2022). This global overview masks profound disparities among nations and sets a new record high for CO2 emissions. China and India have increases in emissions of 3% and 4.5% respectively, in stark contrast to the European Union and…

ArcelorMittal

World economy 10th February 2024

ArcelorMittal starts to see signs of recovery

Banco Sabadell: 4Q’23 results slightly better than expected 4Q’23 EBITDA slightly better than expected ($1,266m versus $1,233m BS(e) and $1,200m consensus), although contracting versus 3Q’23 due to a lower average price, something we see in all its geographies. Deliveries fell at the aggregate level compared to Q3’23, although in North America (34% EBITDA) they rebounded slightly (+2.4%), which anticipates some improvement. The lower part of the income statement is impacted…

banco espana guapito

In Spain, In the World 10th February 2024

Spanish banks expand +9 b.p. in credit due to New York Community Bancorp’s collapse against +27 b.p. for German banks

Santander Research : After last week’s stock market collapse of regional bank New York Community Bancorp, in Europe, the alarm bell was sounded by Deutsche Pfandbriefbank. By country, the biggest stock market falls are in French (BNP -14%, SocGen -9%) and German banks; while, in credit, the biggest increases are in German banks (+27bp), followed by Spanish (+9bp), French (+8bp) and Italian (+6bp) banks. The upgrade by S&P of Banco…

Telefonica novisima

Relevant News Item 10th February 2024

Competition Commission proposes to deregulate wholesale market and eliminate Telefónica’s obligation to cede fixed network to third parties

Bankinter| The National Markets and Competition Commission (CNMC) is opening a public consultation for one month to deregulate the wholesale fixed telephony market. It proposes that Telefónica be freed from the obligation, as the dominant operator, of having to provide fixed lines to any customer who demands them, regardless of the operator. It justifies this by the current low demand for fixed lines compared to a majority of fixed telephony…

Repsol novedad

Relevant News Item 9th February 2024

Centrica reaches supply agreement with Repsol to buy 1 Mt of LNG between 2025-2027

Link Securities| Repsol (REP) and Centrica have signed an agreement that will increase the UK’s energy security in the coming years, according to elEconomista. The agreement will see the British company purchase 1 million tonnes of liquefied natural gas (LNG) between 2025 and 2027. Under the agreement between the two companies, all of these cargoes are expected to be delivered to the Grain LNG import terminal in Kent. The deal…

alemania berlin ampelmann

In Europe 9th February 2024

Germany’s final CPI in January unchanged from preliminary data: +2.9% year-on-year versus +3.7% previously

Norbolsa: In annual rate the German CPI in January rose by 2.9% versus the 2.9% expected and the 3.7% previous one. The harmonised CPI in January, in the monthly rate, fell by 0.2% against -0.2% expected and 0.2% previous. This is the smallest rise in German prices since June 2021. In the annual rate, the harmonised rate fell in January by 3.1%, confirming preliminary data, against 3.8% previously.

Talgo

Relevant News Item 9th February 2024

Hungarian company Magyar Vagon prepares €632 million takeover bid for Talgo

When it rose more than 9% on the stock market, the National Securities Market Commission (CNMV) yesterday suspended the listing of the Spanish train manufacturer controlled by Trilantic after four months waiting for the industrial investor, Magyar Vagon, linked to the Government of Viktor Orban, to launch the takeover bid for it. The cash takeover bid for 100% of Talgo consists of a payment of €5 per share, which is…

pensioners

In Spain 9th February 2024

Average retirement age exceeds 65 for first time

For the first time in the history of Social Security, the average retirement age now exceeds 65 years. In 2023 it was 65.1, according to Borja Corujo, Secretary of State for Social Security. The average retirement age reached 65.1 last year. It is the first time that has occured in the history of social security, and represents three more months with respect to the average age of 64.8 years that…

Athens airport

In Europe 8th February 2024

Greece floats 30% of the Athens airport it owns in Europe’s biggest IPO for two years

Singular Bank | Greece’s government has decided to float 30% of the Athens international airport it owns, in what has become Europe’s biggest IPO for two years and the latest sign of the country’s recovery. Greece was visited by 32 million visitors in 2023 and 28 million in 2022, and investment in the airport is seen as a good way to invest in the country’s tourism. The offer, which began…

Eurozona salarios

European economy 8th February 2024

According to ECB, consumers expect prices to rise by up to 3.2% in next 12 months, and 2.5% in next three years

Intermoney| The ECB released on Tuesday its December consumer inflation expectations, a figure that offered mixed signals, something that could be partly caused by the fact that it has almost doubled its monthly survey of the countries it surveys. The figures include responses from five more countries (Ireland, Greece, Austria, Portugal and Finland) in addition to the six that have been surveyed since the survey began in 2022. That means…