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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.

Relevant News Item 10th July 2025

Indra board to meet to discuss merger by absorption of Escribano Mechanical & Engineering

Alphavalue/DIVACONS | The Spanish IT services and consulting company has called an extraordinary meeting of its board of directors for this Thursday. The meeting is expected to discuss the merger by absorption of Escribano Mechanical & Engineering (EM&E Group), the family business of its executive chairman and shareholder, Ángel Escribano. This was confirmed to Expansión by sources close to the group’s governing body. Meanwhile, a leading bank has upgraded Indra’s…

In Europe 10th July 2025

Germany records trade surplus of €18.4 billion in May, France increases deficit to €7.8 billion

Singular Bank | According to Destatis, in May, German exports fell by 1.4% compared to the previous month (versus -1.6% in April), standing at €129.4 billion. At the same time, imports contracted by 3.8% compared to the previous month (versus +2.2% in April), reaching a value of €111.1 billion. Given this development, Germany’s trade balance in May recorded a surplus of €18.4 billion, exceeding analysts’ consensus estimates (€15.7 billion). On…

In Spain 10th July 2025

EC finalising infringement proceedings against Spain for additional conditions imposed by government on BBVA’s Sabadell takeover bid

Link Securities | The European Commission (EC) is finalising the opening of infringement proceedings against Spain for the additional conditions imposed by the government on BBVA’s takeover bid for Banco Sabadell (SAB), as it considers that the government has overstepped its powers and that its actions are contrary to the free movement of capital. and will therefore take measures before the summer break that could eventually escalate to a complaint…

Relevant News Item 9th July 2025

Basque consortium’s entry into Talgo runs into difficulties: government demands it take on half of loan SEPI was going to grant

Renta 4 | The Basque consortium’s entry into Talgo is becoming complicated. According to press reports, the acquisition of 29.7% by the Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations could be called into question. The Basque Nationalist Party has revealed that the Spanish government has changed the conditions initially agreed and is demanding that the consortium take on half of the £150 million…

World economy 9th July 2025

OPEC+ agreement to increase production by 548,000 bpd in August to negatively affect prices

Bankinter | OPEC+ has agreed to increase production in August by 548,000 bpd. As a reference, in April, production increased by 138,000 bpd and 411,000 bpd in May, June and July. OPEC+ (including other countries such as Russia and Mexico) produces 41 Mbd (just over 40% of global supply). This increase will come from eight members, including Saudi Arabia, Russia and the United Arab Emirates. Analysis team’s view: The news…

In Europe 9th July 2025

Eurozone industrial prices moderate to +0.3% year-on-year in May, down from +0.7% previously

Link Securities | Eurostat reported that Eurozone production prices (PPI) fell by 0.6% in May compared to April, significantly more than the 0.3% expected by FactSet consensus analysts. In May, compared to April, prices for non-durable consumer goods rose by 0.2%; durable consumer goods by 0.3%; capital goods remained stable (0.0%); while prices for intermediate goods (-0.1%) and energy (-2.1%) fell. Year-on-year, the Eurozone PPI rose 0.3% (0.7% in April),…

In Spain 9th July 2025

Brussels Warns of “High Risk of Corruption” in Public Contracts in Spain

“Public procurement tenders, political party financing, and public infrastructure projects in Spain are key sectors with a high risk of corruption in Spain.” This is the verdict of the 2025 Rule of Law Report, published yesterday by the European Commission, which comes amidst a government crisis, precisely, due to corruption. The warning is not new, but its seriousness appears to be escalating. 40% of Spanish companies believe that corruption has…

In Spain 8th July 2025

Brussels Freezes Over €1.1 Billion from Spain’s Fifth Next Gen Payment Due to Unmet Tax Reform

Ursula von der Leyen’s European Commission has cut €1.1 billion from the fifth payment of Next Generation EU funds to Spain. This payment, which totals €23 billion (€8 billion in grants and the rest in loans), has been reduced because Spain lacks the votes in Congress to pass measures like the diesel tax increase—intended to equalize it with gasoline prices—one of the key reforms demanded by Brussels. This comes despite…

Relevant News Item 8th July 2025

Profitability of buying property in Spain to rent out falls to 7.2% in second quarter, compared to 7.5% in same period 2024

CdM | The gross return on buying a property to put on the rental market fell to 7.2% in the second quarter, compared to 7.5% in the same period in 2024, according to a study by Idealista. Offices remain the most profitable real estate investment. They offer a gross return of 11.5%, down from 12.8% twelve months ago. Commercial premises offer a return of 10.1% (9.7% a year ago) and…

In Spain 8th July 2025

Utilities: draft financial remuneration rate for networks set at 6.46%; comments allowed until 4 August

Renta 4 | On Friday, the Spanish regulator CNMC published a consultation on the methodology for calculating the financial remuneration rate for electricity transmission and distribution activities, and natural gas regasification, transmission and distribution, and establishes the financial remuneration rate applicable to electricity transmission, system operation and distribution activities in the 2026-2031 regulatory period. The draft financial remuneration rate is 6.46%. A period for comments is now open until 4…

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