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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.

Spanish economy 30th May 2025

Talgo calls EGM to reshuffle board after being left inquorate

Alphavalue/DIVACONS | The train manufacturer has called an Extraordinary General Shareholders’ Meeting for 27 June in order to restructure its board of directors, after it was left with an insufficient number of members to reach the quorum necessary for its valid constitution and operation. This situation follows the death of its independent director Emilio Novela Bartín on 16 May in Madrid, the company informed the National Securities and Exchange Commission…

In Europe 29th May 2025

Brussels warns it could take Spain to court if BBVA’s Sabadell takeover bid is blocked

Link Securities | The European Commission (EC) is prepared to take the Spanish government to the EU Court of Justice if it dares to block a major EU banking operation worth €15 billion, such as BBVA’s attempt to take over Banco Sabadell. “In that case, we would not hesitate to go to the Court,” Commission sources told this newspaper when asked what their response would be if the Minister for…

In the World 29th May 2025

Nippon Steel-US Steel agreement to allow ArcelorMittal to buy 50% of Nippon Steel-owned Calvert for $1.00

Renta 4 | The US government is expected to give the green light to Nippon Steel’s “buyout” of US Steel. The deal could be announced tomorrow, Friday, during a visit by Trump to Pittsburgh. Many details of the deal are still unknown, although it is clear that the government will impose severe restrictions on Nippon. Among them, the government would maintain a “golden share”, a remedy sometimes used by European…

In the World 29th May 2025

Trump’s tariff moderation lifts Conference Board consumer confidence in US by 12.3 points to 98 in May

Singular Bank | In May, the Conference Board’s US consumer confidence index rose 12.3 points to 98.0, after five consecutive months of declines, up from 87.1 expected and 85.7 previous (revised from 86.0). The improvement is explained by the moderation of uncertainty following the US trade agreement with the UK and the 90-day tariff pause with China. Against this backdrop, the current situation index in May increased by 4.8 points…

Spanish economy 29th May 2025

Number of mortgages in March in Spain reaches 42,831, 44.5% increase in annual rate

Link Securities | According to data released yesterday by the National Statistics Institute (INE), the number of mortgages taken out on homes in March rose to 42,831, representing an increase of 44.5% year-on-year. The average amount of these operations was 156,698 euros, an increase of 14.3% in the interannual rate. In addition, the average amount of mortgages on the total number of properties registered in the land registries (from previously…

Spanish economy 29th May 2025

Fluidra president concerned about US tariffs; company raises prices in North America by 3.5%

Link Securities | Fluidra (FDR) is concerned about the US tariffs due to the uncertainty they cause, although it recognises that, for the moment, they have had no impact on its accounts, according to the president, Eloi Planes, who told Expansión on Tuesday. The executive described the tariffs as a negative roller coaster for the economy and recalled that FDR has studied with its suppliers a realignment of the supply…

In Spain 29th May 2025

‘New’ Bank of Spain, factory of falsehoods

The arrival at the Bank of Spain of José Luis Escrivá, who left his ministerial portfolio with Sánchez to take control of the Bank of Spain and end the critical tone that the issuing bank maintained regarding the government’s economic policy, has already claimed several victims. The most prominent, a few days ago, was that of Ángel Gavilán, the entity’s Director of Economics, who, after presenting the issuing bank’s latest…

In Europe 28th May 2025

Talgo wins €2.4 billion contract with FlixTrain for order of 65 Talgo 230 trains

Renta 4 | The company has informed the National Securities Market Commission (CNMV) that it has been awarded a contract with FlixTrain, a subsidiary of the global travel technology company Flix SE, for the supply and maintenance for 15 years of up to 65 Talgo 230 trainsets. The contract value amounts to €2.4 billion, with the scope of the first order being 30 trains and maintenance for 15 years for…

In the World 28th May 2025

Acciona Energy starts up 280MW wind farm in Canada, one of country’s ten largest

Intermoney | Acciona Energía (Buy, PO 26 ) yesterday announced the commissioning of the Forty Mile wind farm (280MW) in Alberta (Canada), one of the ten largest wind farms in Canada and the largest facility of its kind that the company has built to date in North America. Forty Mile consists of 49 Nordex wind turbines, each with a capacity of 5.7MW and a tower height of 108 metres. According…

Spanish economy 28th May 2025

Collapse of credit foreshadows more banking restructuring

Aurelio Medel (5 Días) | The fall in indebtedness of companies and families can be interpreted as proof of the improvement of their financial health, also as further evidence of the low investment made in Spain, or as a warning that the restructuring of the financial sector will continue. The decline in credit activity adds to a context of a permanent increase in capital requirements, which have placed the sector…

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