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.
ACS Vinci

Hochtief (ACS) Launches A Takeover Bid At A$22 Per Share To Delist Cimic From The Stock Market

ACS has decided to make a move to undertake a corporate operation. Thus, the company chaired by Florentino Pérez has decided, through the German construction company Hochtief, to launch a bid for its Australian subsidiary Cimic and is offering its shareholders 22 Australian dollars per share (14 euros) in cash for the 21.4% of the capital it does not own, which would mean a total outlay of around 940 million…


rusia energia

Russia’s Dependence On Raw Materials Goes Beyond Oil And Natural Gas: Nickel, Palladium, Platinum, Wheat, Corn,…

Intermoney | The EU cannot replace Russian energy supplies in the short term since, in a normal year, as was 2019, 46.7% of the solid fuels, 41.1% of the natural gas and 26.9% of the oil it imported came from Russia. Figures that are biased upwards by Germany, given that, for example, in 2021, 42.83% of Spain’s natural gas exports came from Algeria compared to the 8.91% that came from…


iberdrola

Iberdrola Posted Net Attributable Profit Of €3.88 Billion

Helped by increased investments and international expansion, in 2021 the company posted €3.88 billion net profit, up by 8%. The positive growth in the United States and Brazil has offset the negative performance of the generation and supply business, affected by high energy prices in Spain and the United Kingdom.  Ebitda exceeds €12 billion (+20%). The company has delivered its gross operating profit forecast for 2022 one year early Improved…


Rusia's economy recovery

How Much Trade Support Can Russia Find In China?

Alicia García Herrero (Natixis) | Given the delicate situation in Ukraine and the US imposition of sanctions on Russia, followed by the European Union (EU), it seems important to assess how much Russia can rely on China as a trading partner. Although trade between the EU and Russia has lost some steam since Putin’s “Pivoting to the East” announced during his 2021 campaign and the sanctions imposed in 2014 due…


banks general 777x400

Banking: From Confusion To Perplexity. A Question Of Transparency

Aristóbulo de Juan | The Spanish system lends itself to great confusion. It is therefore difficult to diagnose. This situation has been dragging on since the recent real estate bubble and the poor handling of the ensuing crisis. Perhaps as a consequence of the doctrine of deregulation. But this situation continues to be favoured by the existence of an ineffective regulatory framework, based on the elusive principle that it is…


disabled

More Than 516,000 People With Disabilities Worked In Spain In 2020, The Highest Figure In History

With the latest official data published by the National Institute of Statistics on the employment of people with disabilities in Spain, the Randstad Foundation has calculated that in 2020 there were in the country 1.93 million people with disabilities of working age (16 to 64 years), reaching 6.3% of the total population in that age group. This figure is the highest since 2014 and has had a growth of more…


congreso diputados1

More Whiff Of Broken Democracy

Fernando González Urbaneja | There are few doubts about the quality of democracy, which can clearly be improved and which is moving backwards like a crab. It is not irrelevant that in The Economist’s ranking of democracies, Spain’s is slipping backwards and dropping down the rankings. The reasons for this backwardness are to be found in the open crisis in the government of judges, which puts their independence at risk;…


gas natural almacenamiento

Electricity Prices in Spain And Portugal Are The Most Sensitive To Those Of Gas

Jorge Mario Uribe Gil via The Conversation | High electricity prices have been at the center of public opinion in the world and particularly in Europe for several months. The huge upward variations that have been recorded since the first half of 2021, and that promise to become more pronounced as the winter progresses, threaten the overall price stability of the region. This rise may lead to situations of energy…


US labour

The Great Resignation: Is This A Transitional Phenomenon Or A Sign Of Structural Change?

Clàudia Canals & José Ramón Díaz (CaixaBank Research) | For months now, analysts of the US economy have been debating the labour market’s difficulty in returning to pre-pandemic levels, despite GDP having done so back in Q2 2021. It is surprising that one of the world’s most flexible labour markets is taking so long to regain normality, especially when compared to what is going on in countries such as Spain,…


NuñezFeijoo

Outright War In The PP

The latent tension in the Partido Popular (PP) in recent months between the party’s national leadership and the president of the Community of Madrid exploded out of control yesterday. On Wednesday night two national media – El Mundo and El Confidencial – published that the party had spied on Ayuso. The alleged spying was allegedly intended to produce a dossier with evidence of the alleged corruption that has been touching…