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.
aceros

EC could announce tariffs on imported steel and reduce current quotas next week

Bankinter | The European Commission could announce tariffs on imported steel and reduce current quotas next week, according to press reports. The European Commission could establish a permanent mechanism to raise tariffs on imported steel and reduce current quotas and tariffs, which could reach 50% on imports exceeding those quotas. Bankinter analysis team’s view: If confirmed, this would be good news for companies with a presence in Europe, which would…


oficina empleo

Number of unemployed in Spain falls by 4,846 in September; unemployment at 2.42 million

Bankinter | The number of unemployed people fell by 4,846 in September, from +21,905 in August. Unemployment now stands at 2.42 million people (down 0.2% month-on-month and 5.97% year-on-year). Bankinter team’s view: The number of unemployed fell slightly in September, resuming the decline seen since February, with the only increase occurring in August. The unemployment rate according to the Active Population Survey (EPA) in Q2 2025 stood at 10.29%. Our…


Rovi nuevita

Laboratorios Rovi’s Acquisition of CDMO plant in US provides attractive opportunity for profitable growth

Banc Sabadell | From the meeting held by the management of Laboratorios Rovi (ROVI) to explain the acquisition of a CDMO plant in the United States, we highlight the following messages: They do not expect the CDMO plant to be accretive to earnings for a couple of years, but they do expect a significant increase in profitability with the entry of new customers in the pre-filled syringe line. In any…


Telefonica Murtra 1

Murtra says Europe must establish solid roadmap for AI to be relevant global player

Alphavalue/DIVACONS | The president of the Spanish telecommunications company, Marc Murtra, commented that Europe must establish a solid roadmap to consolidate itself as a relevant global player in the field of Artificial Intelligence (AI). In his view, there is a dichotomy in that ‘in Europe, we have very ethical AI, but we are regulating nothing,’ while powers such as the United States and China are making ‘astronomical investments’ in this…


defensa

ACS, Acciona and Ferrovial jump on defence investment bandwagon: involved in projects worth around €25 billion

Bankinter | Spanish construction companies have managed to enter military investment programmes with projects valued at around €25 billion in the last three years and are aiming for new contracts, according to Expansión. The forecast is that spending on military infrastructure will grow annually to reach €130 billion in 2035. The main projects at the moment are focused on the renovation and expansion of shipyards, naval bases and other military…


US labor market

US Economy Sheds 32,000 Net Private Jobs in September

According to payroll processor ADP, the U.S. economy shed 32,000 net private jobs in September. This figure compares very negatively with the 50,000 new net jobs forecast by FactSet consensus analysts. Furthermore, ADP reported a downward revision to its August job creation figures; the data now points to a loss of 3,000 net private jobs, compared to the 54,000 net jobs initially reported. The surprising reversal of the projected growth…


car makers europe

New Car Sales Finally Surpass Pre-Pandemic Levels in September

In September, 85,167 new passenger cars and SUVs were registered in Spain, a 16.4% increase compared to September 2024 and 4.2% more than in the same month of 2019, according to Ideauto data for the Spanish Association of Automobile and Truck Manufacturers (ANFAC). Furthermore, September was the first month since the COVID-19 pandemic in which total sales surpassed the figures for the same month in 2019 (81,746 units that year)…


france economy

France’s preliminary CPI rises 1.2% year-on-year compared to 0.9% in August

Bankinter | Preliminary CPI rises less than expected in September. Year-on-year 1.2% versus 1.3% expected versus 0.9% in August. In month-on-month terms, negative 1.0% versus negative 0.9% versus a rise of 0.4% previously. Producer prices rise (year-on-year) 0.1% versus 0.5% previously (revised from 0.4%). In month-on-month terms, down 0.2% versus 0.5% previously (revised from increase of 0.4%). Finally, consumer spending (year-on-year) fell 0.8% versus 0.3% expected and 0.4% previously (revised…


Iberdrola Renovables 1

Iberdrola strengthens alliance with Norway’s sovereign wealth fund with addition of 708 MW of renewable capacity

Alphavalue/DIVACONS | Iberdrola (IBE) strengthens its joint venture with Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, by adding an additional 708 MW of renewable capacity, corresponding to the Ceclavín (328 MW) and Tagus XL (380 MW) photovoltaic facilities, both located in Extremadura (Spain). As in previous additions, Iberdrola will maintain a majority stake of 51% in these assets. This new agreement consolidates the strategic alliance of 2,500…


Aena nuevo

Moody’s raises Aena’s credit rating to A2 due to recent improvement in Spain’s sovereign rating

Intermoney | Aena (AENA) (Hold, PO €24) announced on Tuesday after the market closed that Moody’s rating agency has raised its long-term debt rating to A2 from A3. The agency states that this move is explained by the recent improvement in Spain’s sovereign rating, in which Aena remains one notch above due to stronger credit fundamentals, demonstrated by its access to foreign banking markets. Moody’s adds that Aena benefits, among…