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.

“Germany will accept Eurobonds only when Italy requests bailout”

By Tania Suárez, in Madrid | José Luis Herrera, analyst at CMC Markets, considers that it’s necessary a Federal Europe in order to achieve economic policies with a combination of austerity and growth. In his opinion, authorities need to undertake growth measures that have an effect on the real economy, but avoiding a new bubble. You recently said in an interview that world central banks could take a joint action…

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Santander agrees to Seamill Hydro resort £3-million refinancing

LONDON | Ayrshire hotel and resort Seamill Hydro in Scotland will on Thursday be unveiling its new hospitality services after having secured capital support from Santander Corporate Banking. The refurbishment of the restaurant is part of the hotel's wider regeneration programme, backed by a new £3 million refinancing agreement with Santander Corporate Banking. The hotel has been owned and operated as a partnership by two generations of the Sweeney family since 1985….

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Tecnicas Reunidas wins Al Jubail’s $400-million contract in Saudi Arabia

Spain's Técnicas Reunidas is the choice of Saudi Basic Industries Corporation (SABIC) and Exxon Mobil for the engineering, procurement and construction contract of the Saudi Elastomers Project. The selection was made through their 50-50 joint venture company, KEMYA. The operation is intended to produce an array of chemical feedstocks, elastomers and related products needed to support an automobile industry project to be undertaken in Al Jubail, Saudi Arabia. The Spanish…

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Spanish equipment manufacturers increased revenue by 1.5pc

By | The Spanish industry of capital goods (machinery and equipment that integrates the production process) increased by 1% its turnover in 2011 to €39 billion. The sector has some 2,000 companies, the vast majority of which are small and medium-sized firms. According to the National Association of Manufacturers of Capital Goods (Sercobe) last year, SMEs increased their revenues in €404 million to €26.13 billion, with a growth rate of 1.5% compared to…


What can one do with €800 billion?

By Nuño Rodrigo | | While our European leaders battle with a crisis seemingly impossible to be resolved, while euro zone third and the fourth economies feel threatened by the danger of being rescued because they cannot afford to access the markets, and while for all of these reasons the world approaches a crisis relapse, the guardian of austerity secrets and price stability wakes up every day with a sack of almost…

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Italian unemployment trend takes nasty turn: Tuesday’s charts

bank loans with bad credit LONDON | Italian prime minister may have to introduce in his country the labour market reform á la Spanish he much praised not long ago. Among the statistics that are increasingly flagging a red light in the Italian economy, unemployment is gaining some attention. Although Italy’s labour market underwent substantial adjustments over the past two decades, with the 1997 Treu measures and the 2003 Biagi reform,…

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“Confidence in Spain’s banks will improve”

home loan with bad credit rating By | Citigroup strategist José Luis Martínez believes the importance of the delay in the Spanish request for capital to bailout the country's banking sector has been overblown by commentators. Martínez, though, worries about the cost of the short-term credit for Spain. To what extent the results of the latest audits on the banking sector have improved confidence in the Spanish banks? Confidence…


De Guindos letter, the markets’ anxiety

free credit help online By Julia Pastor, in Madrid | The Spanish minister for the Economy Luis de Guindos finally released Monday the letter addressed to the Eurogroup president Jean-Claude Juncker with the aim of officially requiring financial assistance to recapitalise troubled national banks. His words have taken the front pages of all the Spanish media. According to Europa Press, the letter begins with this paragraph: “I have the honour…

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BNP Paribas expects Spanish house prices lower than in audits’ base scenario

can you refinance mortgage with bad credit A drop of merely 10 percent in house prices between 2012 and 2014? BNP Paribas believes trends in Ireland and the US make the case for further value losses in Spain. Independent auditors of the Spanish banking sector Oliver Wyman and Roland Berger described their base scenario for the country's housing market in line with the International Monetary Fund's forecasts, and pointed at…

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Weekend link fest

A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. Eurocrats, get your financial bazookas right now Markets are fast, but democracies slow –solving the euro crisis How investors can thrive as the eur ipad manual o zone burns Angela Merkel is drawing the…