The Corner, Author at The Corner

Articles by The Corner

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.

Relevant News Item 18th January 2023

China growth 3% in 2022, lowest since 1970s, while population falls for first time in 6 decades

Banca March | The weakness of China’s growth in the latter part of last year was confirmed yesterday. China’s GDP stagnated in Q4 2022, registering zero growth compared to the previous quarter, bringing cumulative growth in 2022 to +3% year-on-year, the second lowest annual growth since 1970. Despite this, it is worth noting that the 4Q growth figure was higher than expected (a contraction of more than 1% quarter-on-quarter was…

India enters the era of Sanatan socialism

World economy 18th January 2023

India’s growth to slow in 2023

Crédito y Caución (Atradius) | In India, GDP growth slowed to 7.0% in 2022, down from 8.3% in 2021. In 2023, GDP growth is likely to slow even further to 4.4%, owing to a rapidly weakening global backdrop and slackening domestic demand. There is widespread weakness in the manufacturing industry. Industrial production fell month-on-month on a seasonally adjusted basis in July and August. These trends, in combination with a manufacturing…

Spanish economy 18th January 2023

Iberdrola sells Norges 49% of €1,225-million renewable assets portfolio

Iberdrola has signed a strategic alliance with the Norwegian sovereign wealth fund, managed by Norges Bank Investment Management, to co-invest in 1,265 megawatts (MW) of new renewable capacity in Spain – 20% wind and 80% photovoltaic. This renewable portfolio will have the capacity to power more than 700,000 homes each year. The valuation of 100% of this portfolio of assets amounts to approximately €1,225 million. Iberdrola will control and manage…

European economy, In Europe 18th January 2023

Germany: December final inflation confirms decline to 8.6% year-on-year vs. 10% in November

CoM| Germany’s year-on-year inflation rate stood at 8.6% last December, the lowest since August 2022, after the 10% recorded in November, according to the Federal Statistical Office (Destatis), which estimates a price rise of 7.9% for 2022 as a whole, compared with 3.1% in 2021.In harmonised figures, used by Eurostat in its statistics, Germany’s inflation rate in December was 9.6% year-on-year, which put the average for 2022 as a whole…

Spanish economy 18th January 2023

11% of Inditex retail outlets in France close in last two years

Alphavalue / Divacons| According to data from Les Echos, analysts note that the physical fashion retail network is shrinking. In the last two years, 11% of physical fashion shops in France have closed. The market fell by 9% in 2022 compared to 2019. Overall, traffic is down by 17%, but the transformation rate is increasing, as is the average basket. According to eMarketer, e-commerce accounted for 14.8% of total retail…

Spanish economy 17th January 2023

BlackRock stake in CaixaBank exceeds 5% for first time

BlackRock raises its stake in CaixaBank and increases its stake in the bank’s capital from 3.2% to 5.01%, according to the records of the Spanish National Securities Market Commission (CNMV). In total, the fund manager holds 376.3 million shares valued at 1.5 billion. CaixaBank closed Monday at €3.8 per share. BlackRock, which was already Caixabank’s largest private shareholder, behind only CriteriaCaixa and the state, bought 117.6 million shares on Friday…

Spanish economy, Spanish Politics 17th January 2023

Spain: tax collection rises by 15% but deficit will rise to 4.5% of GDP according to AIReF

The Independent Authority for Fiscal Responsibility (AIReF) estimates that last year closed with growth of 5.3%, which represents an upward revision of 9 tenths of a percentage point; and that in 2023 it will be 1.6%, in this case one tenth of a percentage point more than the previous estimate. The main reason for the revision in 2022 comes from the incorporation of updated national accounting data – which revised…

World economy, World politics 16th January 2023

29 sustainability taxonomies in development worldwide

F. Rodríguez| According to the conservation organisation World Wide Fund for Nature (WWF) and the think tank Climate & Company, the European taxonomy is one of 29 being developed around the world, 14 of them, including that of the EU, within the group of G20 countries: Argentina, Australia, Brazil, Canada, China, India, Indonesia, Mexico, Russia, South Africa, South Korea, Turkey and the United Kingdom. Its report last year, When finance…

In the World, World economy 16th January 2023

Economists surveyed by WSJ expect US economy to enter recession in 2023

Link Securities| In the latest quarterly survey conducted by The Wall Street Journal, economists indicated that, although inflation has started to decline, they still expect high interest rates to push the US economy into recession in 2023. On average, business and academic economists put the probability of a recession in the next 12 months at 61%, down slightly from 63% in the October survey. Both percentages are historically high outside…

Spanish economy 16th January 2023

Enagás reaches agreement with Uniper to buy 20% stake in UK-Netherlands pipeline

Enagás (ENG) has reached an agreement with Germany’s Uniper to acquire a 20% stake in BBL Company, owner of the 235-km gas interconnection linking the UK and the Netherlands. This transaction is part of the company’s Strategic Plan objectives to contribute to Europe’s security of supply and decarbonisation. Just a month ago Enagás, France’s Teréga and GRTgaz and Portugal’s REN signed a Memorandum of Understanding ratifying their commitment to collaborate…

« 1 … 315 316 317 318 319 … 1,136 »

Articles by The Corner

About the Author