Top Stories

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.
Budimex Ferrovial

In Europe 19th March 2025

Ferrovial subsidiary Budimex chosen to build major section of Estonia railway corridor for €900 million

Link Securities | Rail Baltica, the company in charge of building the high-speed line that will connect Estonia, Lithuania and Latvia, has once again chosen Budimex, the Polish subsidiary of Ferrovial (FER), to build another of the major sections of the railway corridor in Estonia, according to the newspaper Expansión. The contract, put out to tender for more than €900 million, was divided into two lots. The joint venture formed…

economia global

World economy 19th March 2025

OECD revises global growth estimates downwards and inflation estimates upwards for 2025 and 2026

Bankinter | The estimate of global growth for 2025 now stands at +3.1% from 3.3% previously and for 2026 at +3% from +3.3% previously. Canada and Mexico are the economies most negatively affected due to the impact of growing tariff tensions. In the United States, growth is now expected to be +2.2% by 2025 (+2.4% previously) and +1.6% by 2026 (2.1% previously). For Spain, the forecast has been revised upwards…

espana europa billete

In Spain 19th March 2025

Spanish public administrations’ debt at €1.630 trillion in January, up 2.8% year-on-year

Link Securities | Yesterday, Expansión newspaper reported that the debt of Spanish public administrations as a whole stood at €1.630 trillion in January, which represents an upturn of 2.8% in year-on-year terms. The amount is the second highest in the historical series, according to data from the Bank of Spain (BdE). In the last 12 months public debt has increased by €50,897 million, while in relation to the month of…

iag 1440x808 1

In Europe 18th March 2025

IAG interested in acquiring Portuguese TAP despite paralysis of privatisation process

Link Securities | The airline holding company IAG (IAG) is not giving up on its efforts to acquire the Portuguese airline TAP despite the paralysis of the privatisation process that has led to the fall of Luis Montenegro’s government, according to the newspaper elEconomista. The Portuguese state, which owns 100% of the company’s capital, intends to sell part or all of the airline in a public tender whose details were…

indra

Spanish economy 18th March 2025

Indra: Minsait subsidiary not for sale, company working towards developing higher value services

Banco Sabadell | According to the press, the main messages to be drawn from the appearance of Ángel Escribano (President of Indra) last week in the Congress of Deputies are: (i) Regarding the sale of Minsait, he stated that it is not for sale and that work is being done to develop it into a higher value service, (ii) he did not hide the interest in acquiring Santa Bárbara, but…

exports gorgeous

Spanish economy 18th March 2025

Spanish exports continue to decline: down 1.2% in January

Sales abroad from the Spanish economy fell by 1.2% year-on-year in January. Imports, on the other hand, grew by 6.2%, resulting in a trade deficit that nearly doubles that recorded in January 2024. As a result of this data, according to the monthly report from ICEX for January 2025, the export-import coverage rate dropped to 82.8%, the lowest for January in the last decade. The increase in imports is mainly…

Spain ratings

In Spain 17th March 2025

S&P maintains Spain’s rating at A with Stable outlook and France’s at AA-

Bankinter | S&P maintained Spain’s rating at A with a long-term Stable outlook. The agency considers Spain to be one of the fastest growing OECD economies (projecting around +2% over the next four years). The maintenance of the stable outlook was based on the fact that it considers the risks to be balanced over the next two years. Despite this, the rating agency pointed out that public debt and unemployment…

EEUU en el mundo

In the World 17th March 2025

Trump’s tax reform aims to achieve spending savings of between $1.5-2 trillion over 10 years

Norbolsa | Now that the budget extension has been dealt with over the weekend, the Republican Party is now focusing on the debate on how to implement the president’s tax plan. The debate centres on the ability to achieve the $1.5-2 trillion in spending savings over 10 years that is envisaged in the president’s programme. For a part of the Republican Party, in order to achieve these savings it is…

Aena closing

Spanish economy 17th March 2025

Aena breaks passenger record in Spain: almost 20 million in February, 4% more than in 2024

CdM | The airports in the Aena (AENA) network in Spain closed February with 19,993, 427 passengers, 4% more than in the same month last year, while the group’s airports (comprising 46 airports and two heliports in Spain, London-Luton Airport and 17 airports in Brazil) handled 24,537,134 passengers, 4.4% more. Specifically, according to the data provided by the company, in Spain they managed 178,767 aircraft movements, 6.9% more than in…

oil barrels

In the World 17th March 2025

OPEC production rises in February, boosted by Kazakhstan with 363,000 bpd to 41.01 Mbd, double April’s forecast

Bankinter | In its monthly report, OPEC states that Kazakhstan’s production increase was 363,000bp, to a total production of 41.01Mbd. The increase more than doubles the total production increase forecast by OPEC for April: 138,000bp. Kazakhstan is increasing its production thanks to the Tangiz field, operated by Chevron. Specifically, it is producing 1.767 Mbd, a level that compares with 1.570 Mbd in January and 1.468 Mbd of permitted quota. Other…