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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.

Companies 10th October 2025

FCC sells 25% of environmental subsidiary to CPP Investments for €1 billion

Intermoney | The company (Buy, PO €14.5) announced yesterday after the market closed an agreement with the investment fund CPP Investments whereby the latter will acquire 25% of the capital of the environmental services subsidiary for €1 billion. CPP had already held 25% of this business since 2023, although FCC reports that it will continue to hold the majority of the shareholding with 50.01%, compared to 49.99% held by the…

In the World 10th October 2025

New statements from Fed members suggest prevailing view is to lower interest rates again in October

Norbolsa | New statements from Fed members suggest that the prevailing position is to lower interest rates again in October, despite some members advocating caution due to uncertainty about inflation. From New York, Governor John Williams said he would be comfortable lowering interest rates again, considering that the downside risk to employment is dominant and may have slowed further, while the pressure of tariffs on prices is not as high…

European economy, In Europe 10th October 2025

ECB minutes suggest cycle of rate cuts over, despite continuing impact of US tariffs

Bankinter | ECB minutes from the 10/11 September meeting. Conclusions: Monetary policy is appropriate to respond to the inflation environment in the EMU and the ECB is in a comfortable position to wait for more visibility on fiscal and trade policies. Everything points to the cycle of cuts having ended for now, even if US tariffs continue to impact growth and prices: ‘the current level of interest rates is sufficiently…

Companies 10th October 2025

Red Eléctrica asks CNMC to make changes to electricity operating system to prevent another blackout

Bankinter | Red Eléctrica (REE), the group responsible for managing Spain’s electricity grids, has asked the National Commission for Markets and Competition (CNMC) to urgently process – within five days – its proposal to change some of its electricity system operating procedures in order to prevent another blackout. Among other measures, it proposes that all conventional power plants with the capacity to regulate electrical voltage – essentially nuclear, gas, combined…

In Spain 10th October 2025

Venice Commission Says Spanish System for Electing Judges’ Governing Body “Fails to Meet European Standards”

The Plenary Session of the Venice Commission concluded yesterday that the system for electing the General Council of the Judiciary (CGPJ), the governing body of judges, which is supported by the Government, “fails to meet European standards.” This is due to the current system leaving the final election of candidates in the hands of the Parliament, which the Commission views as a “political filter.” In contrast, the alternative system, in…

Companies, Relevant News Item 9th October 2025

Ferrovial, Acciona and ACS to build Poland’s first nuclear power plant, €50 billion investment

Norbolsa | Ferrovial, Acciona and ACS have been accredited to participate in the construction of Poland’s first nuclear power plant, the largest energy infrastructure project in Europe, involving investments of €50 billion. The project, led by Westinghouse Electric, aims to build three reactors in Pomerania and positions Poland as a new nuclear player in Eastern Europe. Ferrovial, through its subsidiary Budimex, was one of the first companies accredited by Westinghouse…

In Europe 9th October 2025

Germany improves growth forecasts for 2025 while foreign sector continues to decline

Bankinter | Germany’s trade balance for August increases to €17.2 billion versus €16.3 billion (revised from €14.7 billion). Exports fell by 0.5% versus the rise of 0.2% expected against a 0.2% drop previously (revised from 0.6% down). Imports contracted by 1.3% versus a drop of 0.5% expected against a drop of 0.7% (revised from 0.1% down). Analysis team’s view: The increase in the balance is explained by the more pronounced…

In the World 9th October 2025

China to restrict rare earth exports exclusively to purpose stated at the time of purchase

Alphavalue / Divacons | China will impose a US-style extraterritoriality system on its rare earth exports, restricting their use exclusively to the purpose stated at the time of purchase. Foreign products incorporating Chinese rare earths will also be subject to these controls (supplying international defence and semiconductor sectors) with penalties that would include supply limitations. With this decision, China is putting pressure on the face-to-face meeting it will hold with…

Companies 9th October 2025

Consortium led by OHLA wins contract to build new hospital in Malaga, with €500 million investment

Link Securities | A consortium led by OHLA (OHLA) and including Andalusian companies Sando and Valterra is the virtual winner of the contract to build the new Malaga Hospital and the concession contract for the new car parks associated with the health centre, according to a report in Expansión on Wednesday. The project involves an investment of more than €500 million, making it one of the largest in Spain this…

Companies 9th October 2025

CNMV to announce outcome of BBVA’s Sabadell takeover bid on 17 October

Link Securities | According to the newspaper Expansión, the Spanish stock market regulator, the National Securities Market Commission (CNMV), will announce the outcome of BBVA’s takeover bid for Banco Sabadell on 17 October. The CNMV has announced the indicative timetable for making public the outcome the outcome of BBVA’s takeover bid for Sabadell, whose acceptance period ends this Friday. The supervisor has also issued a warning ‘in view of the…

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