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.
Spain Vaccine

Spain | Coronavirus Vaccine Distribution Chartbook

Olivia Álvarez (Monex Europe) | The EU, a significant laggardin Q1, starts to rise from the ashes. With below 10% of the total population having received at least one jab by the end of March, the European Commission entered negotiations with main suppliers to ramp up deliveries. As a result, the EC set ambitious goals to have 70% of the EU adult population vaccinated by the end of June, which accounts for 55%-60% of the total EU population.


Banco Santander fulfills its commitment to shareholders and raises cash dividend by 3%

Banco Santander Reports Q1 Attributable Profit of €1.608 billion

T.C. | The group CET1 capital ratio rose 72 bps year-on-year to 12.30%, above its target range of 11-12%. The bank accrued 15 bps of capital for shareholder remuneration, the equivalent of 40% of underlying profit in the quarter. It will accrue 40% of underlying profit throughout the year for shareholder remuneration once authorized by supervisors.



china central bank

China | Monetary Policy Challenges In The Post-Pandemic Era

JINYUE DONG & LE XIA (BBVA Research) | The PBoC started to exit the above easing measures in May 2020 when the Covid-19 pandemic got controlled in mainland China. Historically, the exit of easing monetary measures in the post-crisis time has always been a global challenge to central banks. China is not an exception in this respect. In February 2021, the normalization progress in China led to the gyration of the interbank interest rate in February 2021, just before the Chinese Lunar New Year as the investors’ fear of the authorities’ fast tightening climbed to a new high.


Mark Rutte

Revelations In Benefits Scandal Make Rutte’s Job Even Harder

Nick Ottens (Atlantic Sentinel) | Few parties are willing to give the liberal prime ministers a fourth term. Revelations that his outgoing government deliberately withheld information from parliament have made it even harder for Prime Minister Mark Rutte, in power since 2010, to form a new government in the Netherlands.


bone marrow

Spain | Average Bone Marrow Donor Search Time Halved Over Last Decade: 26 Days

This was confirmed by the 2020 data presented by the National Transplant Organisation (Spanish acronym: ONT). A total of 3,375 transplants of blood stem cells were performed over the last year,. Of those, 2,049 came from the patient themselves, while 1,326 were obtained from a donor. Actually there are now almost 38 million donors registered worldwide. In absolute terms, Spain remains fifth on the European ranking of registered bone marrow donors, behind Germany, Poland, the United Kingdom and Italy. Last year, 26% of all unrelated donors came from the Spanish register. (For 30 years, Spain has been the world leader in all types of transplants and organ donation, with 49 donors per million inhabitants).


bitcoin bullish

Is Bitcoin The New Coal?

Energy-intensive crypto mining is no different than coal or oil a century ago. According to Cambridge University analysis, Bitcoin uses around 120 TWh of energy per year, on par with countries like Norway and Argentina, and is estimated to reach as much at 184 TWh, nearly the same consumption as that of London. That comes out to more than 90 million metric annual tons of CO2. Should progressives be thinking twice about greenhouse gas emissions from Bitcoin?


Change of cycle to cyclical stocks to defensive

The S&P500 Trades At 23.5 Times Earnings And So Much Euphoria Causes Vertigo

T.C | From today until Thursday, companies representing 40% of the S&P500 will present their results for the first quarter of this year. Alphabet and Microsoft today, Tuesday. Apple and Facebook on Wednesday, Amazon on Thursday… and expectations are very high indeed. For example, in the case of Apple, a 32% advance in profits is discounted, while in the case of Tesla, which presents on Tuesday, a +71% increase in both revenues and profits is expected.


Solarpack: another actor comes onto Spain's solar energy scene

Spain Makes The Most Of The Sun

T.C. | According to data from Red Eléctrica de España (REE), the Spanish electricity system registered a record figure on Sunday 21 March at 13:37 hours: solar generation reached 10,255 megawatts of instantaneous production, which was able to cover 37.3% of peninsular demand. It should be remembered that last year Spain installed almost 3,000 megawatts of solar energy, reaching 14,000 megawatts.


se alquila

The Spanish Government Will Invest €1 Bn In Social Rental Housing

Intermoney | The Government of Pedro Sánchez plans to invest €1,000 million euros from the European funds against the pandemic in the promotion of social rental housing. Specifically, they will use this amount to complete a portfolio of 20,000 social housing units, coordinated by the Ministry of Transport, Mobility and the Urban Agenda.