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.
Repsol

Relevant News Item 15th July 2025

Repsol acquires 70% of energy and gas marketing company ODF Energía for approximately €21 million

Renta 4 | According to information published in the press, Repsol (REP) has agreed to acquire 70% of On Demand Facilities S.L. (ODF Energía), an electricity and gas marketing company, for a price of around €21 million.ODF Energía, which has a portfolio of around 22,000 business customers (>1% of Repsol’s portfolio), bases its value proposition on a flexible business model that is close to the channel, with a strong focus…

alemania berlin ampelmann

European economy 15th July 2025

German Senate definitively approves €46 billion tax exemption package

Bankinter | The German Senate (Bundesrat) has definitively approved the €46 billion tax exemption package (approximately 1.1% of GDP). The stimulus measures include a reduction in corporate tax of 1% per year from 2028 (from the current 15% to 10%, not including the extra local tax, which varies between 14% and 17%) and deductions for the purchase of new machinery and other equipment. Bankinter analysis team’s view: Good news. These…

CAF trolleys

In Europe 14th July 2025

CAF consolidates presence in France with two new contracts in consortium with Alstom for €300 million total

Intermoney | The company will manufacture trains and trams for France after being awarded two new contracts worth a total of €300 million. In consortium with Alstom, the Basque group will supply 14 trains from the Coradia Polyvalent platform to the Burgundy region. The shared contract stems from agreements between the two companies following CAF’s purchase of Alstom’s Reichshoffen plant three years ago, after the French company was forced to…

The short-lived Republic of Catalonia

In Spain 14th July 2025

Government Negotiates “Unique Funding” with Catalonia Today

The Bilateral Government-Generalitat Commission is meeting today in Barcelona. This meeting has socialists in many regions holding their breath, as it will address the so-called “unique funding” for Catalonia. An agreement is expected to advance Catalonia’s tax management of personal income tax (IRPF). The pact signed last year between the PSOE and ERC involves giving the Catalan government the management, collection, settlement, and inspection of taxes obtained in Catalonia, a…

Talgo building

Relevant News Item 14th July 2025

Basque consortium secures €75 million demanded by SEPI to acquire stake in Talgo, calls for situation to be resolved before 15 July

Renta 4 | The Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations has managed to raise the €75 million demanded by SEPI to finance half of the €150 million loan to be granted to Talgo, according to press reports. Once SEPI’s requirements have been met, the Basque consortium is asking for the operation to be unblocked before 15 July so that it can formalise…

fcc edificio

Relevant News Item 11th July 2025

FCC registers deed of increase in paid-up capital: share capital set at €472 million

Link Securities | FCC (FCC) announces that on Thursday the public deed relating to the company’s paid-up capital increase was registered in the Commercial Register, through which the flexible dividend (scrip dividend) agreed by the Ordinary General Shareholders’ Meeting of FCC held on 12 June 2025 was implemented, for a nominal amount of €18,115,902.00 through the issue of 18,115,902 new shares in the company with a nominal value of €1…

abertis–acs autopistas

In Spain 11th July 2025

ACS, Ferrovial and Acciona face potential additional costs of up to €500 million due to end of tolls on motorways

Norbolsa | The government will return 1,000 kilometres of toll motorways to public management in December 2025, after 19 years under private concession. Construction companies such as ACS, Ferrovial and Acciona face potential additional costs of up to €500 million to comply with the standards required by the Ministry. In principle, the government should deliver the reports to the concession companies with the action plan this month, and the companies…

Spain confronts Brexit: The moment of truth for Spanish companies in the UK

In Europe 11th July 2025

IAG potentially interested in 49.9% stake in TAP Portugal put up for sale by Portuguese government

Bankinter | The Portuguese government is putting 49.9% of TAP Portugal up for sale. 44.9% will go to investors and 5% to employees. The details of the operation are not yet known. Analysis team’s view: This news was expected, and there was even the possibility that 100% would be put up for sale. Remember that TAP was nationalised during the pandemic (at a cost of €3.2 billion). This news is…

containers export

In the World 11th July 2025

US continues to send letters to countries informing them of establishment of tariffs as of 1 August

Renta 4 | The United States has continued to send letters (to six countries) informing them of its next steps, mainly the establishment of tariffs from 1 August. However, on Wednesday, these were sent to countries of lesser importance in terms of trade volume, while the markets remain complacent in anticipation of the announcement of trade agreements with more important partners (the EU and India). In addition, countries such as…

The effects of world trade tensions remain in the future

In the World 10th July 2025

Trump signs executive order extending deadline for negotiations with partners until 1 August

Link Securities | On Monday, US President Donald Trump announced the imposition of 25% tariffs on imports of products from Japan and South Korea, similar to the tariffs imposed on 2 April, known as ‘Liberation Day’. Malaysia also received 25% tariffs on exports of its products to the United States, while other Asian countries such as Thailand received higher tariffs (36%). At the same time, Trump signed an executive order…