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.
Okupas

Spain: Squatting Grows By 18% With 13,389 Cases Up To September 2021; Catalonia Accounts For 42% Of Total

The number of cases of squatting in homes grew by 18% in Spain with 13,389 cases up to September 2021, according to the latest data recorded by the Ministry of the Interior. Catalonia continues to lead the autonomous communities with 5,689 ‘squats’, 42% of the total. The figure quadruples that of the Community of Madrid (1,282 cases) and almost triples that of Andalusia (1,994 cases). The official statistics, consulted by…


Madrid Stock Exchange revision

The Number Of Investors In The Spanish Stock Market Falls By 35% In 2021

The Spanish stock market has become less attractive to investors, according to the latest data published by one of the country’s leading brokers, XTB. Despite doubling its volume of active clients in equities during 2021 compared to 2020, a clear change of trend in the Spanish market is being observed. The number of investors who only operate in the domestic market has decreased by 35% last year, while the number…


BBVA

Turkey plans to limit dividends: if BBVA’s bid for Garanti is completed, the bank would raise its risk profile (Turkey ~24.6% of NAP)

Bankinter | The Turkish banking sector regulator (BDDK) is planning to limit the payment of dividends charged against 2021 results. For the time being, it is an informal recommendation made to the Turkish Banking Association. There is, however, no formal confirmation. Bankinter analyis team’s opinion: The regulator’s intention would be understandable – improve solvency in the face of the weak Lira, which has racked up a fall of >80% vs…


dividends new

Dividend Payouts In Spain Could Rise By 15-20% In 2022

Allianz GI | After a drop in dividend payouts related to the coronavirus crisis in 2020, companies in the MSCI Europe European equity index increased their payouts again last year by around a third to a record €378 billion. And this trend is likely to continue again in 2022: according to our forecasts , a further increase in total dividends of around 8 percent to around €410 billion is expected…


msci world index

The New Silicon Valley: Asian Markets

Frank Schwarz (MainFirst ) | Any investor approaching the subject of ETFs cannot ignore the MSCI World index. It is not only because of its high profile that this index makes its way into many portfolios seeking broad diversification. But how much diversification does the MSCI World really offer? Presented as a globally distributed investment with some 1,600 companies, around 65% of its weight is accounted for by the US,…


Nuclear energy in Spain

Labelling Of Nuclear Power As ‘Sustainable’ Under EU Taxonomy Will Benefit France

Scope Ratings ( Thomas Gillet) | The European Commission has started consultations on a draft text for labelling nuclear as a ‘green’ energy source under the EU’s taxonomy for environmentally sustainable activities. If the proposal is approved by the European Parliament and the Council, it would have positive credit implications for France (AA/Stable) given the importance of nuclear in the country’s power mix, climate plan and energy independence. The EU…


ibercaja

Ibercaja Banco, With A ROE Of 6.62%, Will Be Floated On The Stock Exchange

Ibercaja Banco intends to go public via an initial public offering of ordinary shares to qualified investors, the Spanish Securities and Exchange Commission (CNMV) has been informed. The placement will be made by the Ibercaja Foundation, which holds 88.04% of the shares. The remaining 11.96% is held by the Fundación Círculo de Burgos, the Fundación Inmaculada de Aragón and the Fundación Caja Badajoz. Through the share offer, the Ibercaja Foundation…


european electricity market

The European Electricity Sector: A Real Headache…

Alphavalue | On Friday last week, Electricité de France cut its 2022 nuclear production target by almost -10% to 300-330 TWh, following extended shutdowns at five of its 56 nuclear reactors (7.3 GW). This is coupled with deadlocked NATO-US talks with Russia over the Kremlin’s military presence on the Ukrainian border. The situation means that if there is less nuclear power, the dependence on Russian gas will be greater. Didn’t we see this problem coming in the last three months when Russia upped the ante on Ukraine?


ABC

ABC Denounces La Moncloa’s Veto Of Media “Not in Tune”

ABC | This past Tuesday, January 18, ABC was excluded from a briefing given by several high-ranking government officials on the management of European funds. Media such as Cadena Cope, Onda Cero, El Mundo, La Razón, The Objective, Libertad Digital, Agencia Servimedia and Agencia Colpisa were also not invited to the meeting, which was attended by more than a dozen media outlets whose representatives had the opportunity to listen and…


Hydrogen Spain

Spanish Hydrogen Network (Shyne) Is Born

Repsol, Enagas, Talgo, Alsa, Bosch, Scania… 22 large companies and 11 entities (associations and universities) have formed a consortium to promote green hydrogen from Spain, with the support of European funds and investments of 3,230 million euros. The Secretary of State for Energy, Sara Aagesen, was present at the presentation of the consortium, “Shyne”, and announced that the first 400 million of a total of 1.555 billion euros in European…