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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.
Eurozona IPC 1

In Europe 25th April 2025

Eurozone advance composite PMI falls to 50.1 from 50.9 in March, pointing to near-stagnant economy

Singular Bank: April’s preliminary reading of the Eurozone manufacturing purchasing managers’ index showed a slight gain of 0.1 points to 48.7 points (versus 48.6 points in March), the highest in 27 months and above analysts’ consensus estimates (47.4 points). On the other hand, the preliminary services PMI has decreased 1.3 points with respect to March to 49.7 points. Thus, the preliminary reading of the Euro zone composite PMI in April…

Forty years of Spanish constitution: What's next?

In Spain 25th April 2025

NATO corrects Sánchez and demands additional €3 billion in defense spending

NATO yesterday once again pointed to Spain as the member of the Atlantic Alliance that makes the lowest investment in defense relative to the size of its economy. In fact, the organization’s annual report indicates that the country’s military spending closed 2024 at 1.24% of its GDP, compared to the 1.4% outlined in the government’s rearmament plan. The figure increases the outstanding gap to reach the commitment of 2% of…

iberdrola wikinger

In Europe 25th April 2025

Iberdrola to invest in 315 MW Windanker offshore wind farm in Baltic together with Kansai Electric

Alphavalue / Divacons | The Spanish utility informed the National Securities Market Commission (CNMV) that it has closed the agreement with Kansai Electric to co-invest in the Windanker offshore wind farm (315 MW) in the Baltic. Iberdrola will hold a majority stake of 51%. The project will have 21 turbines of 51 MW and will come into operation in the fourth quarter of 2026. The closing of this transaction, which…

TrumpVsPowell

In the World 25th April 2025

Trump U-turns again: now says he never intended to fire Powell, but calls for more decisiveness on rate cuts

Link Securities | Speaking to reporters, US President Donald Trump said he never intended to fire Federal Reserve Chairman Jerome Powell, saying it was “media fabrications”. Trump repeated his criticism of Powell and said he would like Powell to be more active in lowering interest rates, but even if he did not, it would not have to mean his dismissal. Concerns about this possible dismissal were heightened by comments from…

Spain importing so much again

In Spain 24th April 2025

China becomes Spain’s top supplier

In the first two months of the year, the Spanish trade deficit has soared to €9,612 million, of which €6,079 million correspond to the deficit with China. China has become Spain’s top supplier, ahead of Germany, after its exports to Spain grew by 22.9% to €8,002 million. In February, Spanish goods exports grew at an annual rate of 0.4% and at a month-on-month rate of 7.4%. Meanwhile, imports in February…

acciona tunel

In the World 24th April 2025

Acciona wins concession for electricity transmission project in Peru with investment of €250 million

Link Securities | Acciona (ANA) has reached an agreement with Darby International Capital for the acquisition of the Machupichu-Quencoro-Onocora-Tintaya transmission concession project and its associated substations, Bolsamanía reported on Monday. The project, which involves an investment of €250 million, comprises the design, financing, construction, operation and maintenance for 30 years from commercial operation of 330 kilometres of 220kV line, as well as the construction of two new substations (Quencoro Nueva…

colonial inmo

In Spain 24th April 2025

Inmobiliaria Colonial buys Deeplabs, platform specialising in management of scientific campuses, for €200m

Intermoney | Inmobiliaria Colonial (COL) (Buy, Target Price €8.5) reported on Tuesday, after the market close, that it has bought the Deeplabs platform, specialising in the management of scientific campuses, for €200 million from the Stoneshield fund. In turn, the REIT has reached an agreement with the same fund to create an investment vehicle to grow in this market segment at European level. Deeplabs has three scientific campuses in Barcelona…

indra5 short

In Europe 23rd April 2025

Indra wins contract to modernise UK’s air surveillance network

Link Securities | Indra (IDR) has won a contract to upgrade the UK’s air surveillance network with new state-of-the-art radars, according to Bolsamania.com. NATS, the country’s air navigation services provider, has awarded the company the project, which will incorporate cutting-edge design and technology to reduce CO2 emissions. In total, Indra will deploy 19 radars distributed in different locations, each equipped with a PSR3D primary radar and a MSSR secondary radar….

donald trump

In the World 23rd April 2025

Trump says Powell doesn’t know what he’s doing and calls for interest rate cuts

Link Securities | As reported by various agencies (Bloomberg, Reuters), the US president’s economic adviser, Kevin Hassett, indicated last Friday that the Trump administration was still considering whether to fire US Federal Reserve Chairman Jerome Powell. Hassett accused Powell of playing politics from his post, while US President Donald Trump, for his part, indicated that Powell did not know what he was doing, and again advocated interest rate cuts over…

spain savings rate

Spanish economy 23rd April 2025

Spain’s general government debt rises 2.6% to €1.646 trillion in February

The debt of the Public Administrations stood at €1.646 trillion in February, which represents a growth of 2.6% in year-on-year terms, with €42,051 million more, as reflected in the data of the Excessive Deficit Protocol published by the Bank of Spain. Compared with the previous month, the debt balance increased by €16,906 million, or 1.04%. Specifically, the State debt stood at €1.498 trillion, with a year-on-year increase of 3.8%, while…