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Articles by The Corner

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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.
Savings

Ibex, Markets, Spanish economy 10th December 2020

Around One Third Of Spaniards Resorted To Their Savings During The Pandemic

Thirty one per cent of Spanish citizens have had to use their savings during the pandemic. This is at least double that of France (15%), Germany (14%) and the Netherlands (12%). In addition, 19% of Spaniards have had difficulty in meeting their housing costs. In these three above-mentioned countries, the percentage of those who acknowledge this problem is around 10%. This is data from the latest Focus on Spanish Society, a publication edited by Funcas.

spanish bonds

Spanish economy 9th December 2020

Spain’s 10-Year IRR In A Zone Of Historic Lows

The yield on the ten-year Spanish sovereign bond in the secondary market hit a new historic low of 0.024% on Tuesday, below the August 2019 low of 0.035%. While the interest on the equivalent German bond was -0.611%, the risk premium offered to investors by Spanish bonds with respect to the ‘bund’ reference was around 63.77 basis points. The Portuguese bond yield fell into negative territory for the first time, standing at -0.013%.

Logista

Markets, Spanish economy, Spanish Small & Mid Caps 9th December 2020

Logista, Recognized As A World Leader In Sustainability In The CDP “A List” For The 5th Year In A Row

Logista, a leading distribution company in southern Europe, was recognized as a world leader in sustainability by CDP, an international non-profit organization, by entering its prestigious A List for its fight against climate change. This is the fifth year in a row that Logista achieves this recognition, being the first European distributor to achieve it over such a long period of time.

repsol LNG

Ibex, Markets, Spanish economy 9th December 2020

Repsol Is Expected To Float Its Renewables Subsidiary In Less Than Two Years

Repsol announced the IPO of its renewables area or an alliance with a third party in its Strategic Plan 2021/2025 presented on November 26th. The operation could be carried out in less than two years and it will always maintain control of the shareholders. The company expects to raise at least 1.4 billion euros with the floating, which would mean valuing the division at around 3 billion euros. It would be one of the largest operations of the last decade.

inflation course

In the World, World economy 8th December 2020

What About Inflation? When It Will Come?

José Ramón Díez Guijarro (Bankia Estudios) | In the more recent past, the central banks have had enough to deal with trying to combat the risk of deflation linked to the structural changes of recent decades: globalisation, ageing population, digitalisation, etc. And now, practically without any solution of continuity, they have to face a crisis which may lead to new permanent “shocks” in inflation. These would derive from changes in the consumption patterns and from the accelerated digitalisation process. Or from the intensive use of non-conventional monetary policy measures.

Sin título 3

European economy 7th December 2020

Busy Thursday

This Thursday could be a key moment for Europe, with the ECB meeting and the beginning of the European council. We could get a positive surprise on the time extension of PEPP, but the constraints on the “top-up” are significant. There is some tentative progress on the “rule of law” spat but hurdles abound. The Council meeting could bring about the denouement of the Brexit saga.

Spain ratings

Spanish economy 7th December 2020

There Was A 12.5% Growth In FDI Received In Spain In The Second Quarter

Invest in Spain | According to the Foreign Investments Registry at the Ministry of Industry, Commerce and Tourism, gross FDI (holding companies and non-holding companies) received in Spain in the second quarter of 2020 amounted to 5,009 million euros, an increase of 83% over the figure for the previous quarter. Furthermore, foreign investment increased in all modalities.

European Union

European politics 5th December 2020

‘Sovereign Europe, hostile world: Five agendas to protect Europe’s capacity to act’

This detailed study is authored by experts Mark Leonard and Jeremy Shapiro, and examines how the EU and its member states can develop European and national-level policies to strengthen Europe’s resilience in the face of increasing geo-political competition. The report identifies five areas – healthcare, security and defence, technology, international economic policy, and action on climate change – where there is room for development.

Germany labour market

European economy 4th December 2020

ifo Institute: Coronavirus Crisis Threatens Survival of 15 Percent of German Companies

The coronavirus crisis threatens the survival of 15 percent of German companies, according to their responses to the ifo Business Survey for November. “That’s an improvement over June, when the figure was 21 percent,” says Klaus Wohlrabe, Head of Surveys at ifo. “Nevertheless, 86 percent of travel agencies and tour operators currently feel threatened, as do 76 percent of hotels and 62 percent of restaurants.”