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.
compras consumo

National Retail Federation forecasts holiday season sales to grow by 3.7%/4.2%

Bankinter | The National Retail Federation forecasts that sales during the holiday season (1 November to 31 December) will grow by 3.7 to 4.2% compared to 4.3% in 2024. They will reach between $1,010 and $1,020 billion. ‘Consumers are cautious, but remain fundamentally strong and will continue to drive economic growth.’ The NRF remains optimistic about the Christmas season and expects consumers to continue looking for savings on non-essential products,…


CHILDREN

Spain Has Highest Child Poverty Rate in Europe (29.2%)

Spain has the highest child poverty rate in the European Union, standing at 29.2% compared to the EU average of 19.3%. It is followed by Bulgaria (28.2%) and Romania (26.2%). The countries with the lowest rates are Denmark (10.1%), Slovenia (10.7%), and Finland (11.6%). The study, Child Poverty in Spain: Recent Evolution and Policies, published by Funcas, highlights that Spain’s position is deeply concerning, especially considering that the country ranks…


AccionaEnergia logo

Acciona ups stake in own renewable energy subsidiary from 85.47% to 91.11%

Norbolsa | Acciona has increased its stake in Acciona Energía from 85.47% to 91.11% after executing the equity swaps agreed a year ago, reopening the debate on a possible delisting. Other options being considered by Acciona include a spin-off to separate the infrastructure and renewable energy businesses, promoting a merger with the parent company, seeking strategic partners, or maintaining the current situation while assessing the market environment.


Naturgy

Naturgy to purchase 1 million tonnes of LNG per year from Venture Global for €4 billion

Alphavalue / Divacons | The energy company and Venture Global, the second largest producer and exporter of liquefied natural gas (LNG) in the United States, yesterday formalised a purchase agreement for the acquisition of one million tonnes per year of liquefied natural gas (LNG). The supply will come from the CP2 LNG plant, located in Louisiana (US). The contract is valued at more than €4 billion and will be effective…


Cevasa

Rental housing company Cevasa posts revenues of €19 million in 9M25

Lighthouse/ Spanish Institute of Analysts | Rental income (€17.4 million; up 13.6% against 9M24) maintained its growth rate for two reasons: (i) organic growth of 6.5%, mainly due to price updates, and (ii) growth of 7.1% due to the impact of last year’s purchase of a 150-unit building that was not consolidated in 9M24. At the consolidated level, Cevasa recorded revenues of €19.0 million (up 12.4% against 9M24). The recurring…


China

China’s deflation problem not over: October CPI rises 0.2% against -0.1% expected

Norbolsa | Over the weekend, China released its October price data, showing a slight slowdown in producer price deflation (down 2.1% against the 2.2% drop expected), while the CPI rose 0.2% against the 0.1% drop expected, reflecting the effects of measures being taken to curb overcapacity and limit competition. In any case, the deflation problem is not over yet, as we have yet to see more vigorous demand. On the…


Redeia nuevo

Current risks for Redeia: new proposal of 6.58% for FFR on electricity transmission and still uncertain effects of blackout

Renta 4 | The National Commission on Markets and Competition (CNMC) has presented a proposal for a new methodology to calculate the Financial Remuneration Rate for electricity transmission activities. Although the proposed 6.58% for the 2026-2031 period is an improvement on the previous rate of 5.58%, it is below the 7-8% requested by companies. Although it is in line with our estimate (6.55%), Redeia’s ability to improve profitability through operational…


pharmamar sedeCM

Pharmamar receives $10 million for reaching Yondelis licence agreement commercial milestone in US

Alphavalue/ Divacons | The biopharmaceutical company received a payment of $10 million from Janssen Products LP, a subsidiary of Johnson & Johnson. This payment comes upon reaching a commercial milestone related to the Yondelis (trabectedin) licence agreement in the United States. The payment stems from the August 2019 licence agreement, under which Janssen has exclusive rights to market and distribute Yondelis in the US market. Janssen has exclusive commercial rights…


China Export Ship

Chinese exports fall 1.1% against expected increase of 3%, reversing September’s 8% rise

Link Securities | According to data from the General Administration of Customs, China’s trade surplus reached $90.07 billion in October, lower than the $95.6 billion expected by the consensus of analysts and the $95.72 billion recorded in the same month last year. This is the lowest trade surplus since February, as exports fell unexpectedly while imports increased. Specifically, exports fell 1.1% year-on-year, compared to the expected 3% increase, reversing September’s…


Alemania Bundesbank senal

Bundesbank issues warning about growing risk of financial instability looming over Germany

Norbolsa | The Bundesbank issued a warning about the growing risk of financial instability looming over Germany, citing factors such as the erratic trade policy of the United States, overvalued stock markets, excessive debt levels in various parts of the world and deteriorating bank credit quality. It thus made a more negative risk assessment, contrasting with the ECB’s assessment, and saw a greater risk to growth, amplified by tariffs.