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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.
china real estate 1

In the World 21st February 2025

Chinese house prices fall in January for second consecutive month, down 5% year-on-year compared to 5.3% previously

Norbolsa | New housing prices in China stagnated in January for the second consecutive month, with an annual fall of 5% compared to 5.3% previously. The number of unsold new homes increased by 16.2%, reaching 390.88 million m², and new projects fell by 23% in 2023. In the secondary market, prices fell 30% from their peak, with annual declines of 5.6% (first-tier cities), 6.0% (second-tier) and 8.2% (third-tier), representing 59%…

airbus A320

European economy 20th February 2025

Airbus Q4 2024 profit reaches €2,424 million -up 66% year-on-year- 269 commercial aircraft delivered and 171 helicopters contracted

Bankinter | Results meet expectations, ambitious 2025 targets. Some pressure remains on supply chains. Key figures from the results for Q4 2024 versus the company’s own consensus estimate: Sales €24,716 million (up 8% year-on-year) versus €24,678 million estimated. Adjusted EBIT of €2,556 million (up 15.8% year-on-year and €2,601 million expected); reported EBIT of €2,614 million (up 38% year-on-year versus €2,571 million expected) and net income of €2,424 million (up 66%…

bbva sabadell

In the World 20th February 2025

Mexican regulator authorises BBVA to acquire indirect control of Banco Sabadell subsidiary in country

Link Securities | BBVA (BBVA) has received authorisation from Mexico’s National Banking and Securities Commission (CNBV) to acquire indirect control of Banco Sabadell’s (SAB) banking subsidiary in the country, according to Expansión newspaper. The bank now has all the required authorisations from Mexican regulators. This is the last regulatory authorisation BBVA needed in Mexico, as in December it received the go-ahead from the Federal Economic Competition Commission (Cofece). The competition…

Naturgy Australia

Spanish economy 20th February 2025

Naturgy, €1.901 billion earnings in 2024, launching €2.4-billion voluntary takeover bid for 10% of capital to recover free float

Naturgy earned €1.901 billion in 2024, down from the €1.986 billion obtained in 2023. The company’s EBITDA was €5.365 billion, compared to €5.475 billion a year earlier, while investments for the year amounted to €2.280 billion (€2.747 billion in 2023) and net debt rose to €12.201 billion from €12.090 billion, with a debt/EBITDA ratio of 2.3 times. Naturgy has emphasized that these figures illustrate “the group’s ability to continue creating…

Repsol's bet on alternative energies

In Spain 20th February 2025

Repsol posts net income of €1.756 billion in 2024

Repsol reported a net income of €1.756 billion in 2024, 45% less than the previous year. Adjusted income amounted to €3.327 billion, 34% lower than in 2023. The 2024 earnings were influenced by a complex geopolitical context; lower crude oil, gas, and electricity prices; moderate margins in refining; and low margins in chemistry. In this scenario, the performance of the company allowed it to improve shareholder remuneration and maintain an…

espana europa billete

In Spain 19th February 2025

Spanish public debt increases to €1,621,515 million in 2024, standing at 101.8% of GDP, highest end-of-year level

Link Securities | The Bank of Spain (BdE) published on Monday that Spanish public debt increased by €46.143 billion in 2024, to €1,621,515 billion, which is its highest level for an annual close. In terms of Spain’s GDP, public debt stood at 101.8% at the end of 2024, 3.3 percentage points less than in 2023. The improvement in the public debt ratio has a lot to do with the upward…

Sheinbaum Botín

In the World 19th February 2025

Santander to invest over €1,915 million in Mexico in next three years

Norbolsa | The bank has announced an investment of more than €2 billion (around €1.915 million) in Mexico over the next three years, emphasizing that it is the country where they see the most potential growth, following a meeting between the president of the Santander, Ana Botín, and the Mexican president, Claudia Sheinbaum. Botín also highlighted the stability of public finances in Mexico and that “the macro part is working”…

UE Rusia

In Europe 19th February 2025

EU keeps up pressure on Russia: still on “blacklist” of tax havens, France announces new sanctions against Russian oil

Banca March | The European Union is keeping up the pressure on Russia. On the one hand, France yesterday announced new sanctions against Russian oil for the invasion of Ukraine, without Washington’s backing and despite the apparently limited effect of similar measures introduced by Western countries. The French Foreign Minister, Jean-Noël Barrot, pointed out that Russia earns €100 billion a year from oil sales, while the total cost of the…

car makers europe

Spanish economy 19th February 2025

Spanish car production and exports fall by more than 27%

According to data from the Spanish Association of Automobile and Truck Manufacturers (Anfac), car production in Spain fell by 27.2% in January, reaching 168,076 units produced. Anfac states that the main causes of this sharp decline are the adjustments in work shifts made at production centers and their adaptation to the introduction of new electrified models, and it reminds that the drop in production occurs at “a critical moment for…

Ecoener

In the World 19th February 2025

French Development Finance Institution Proparco to finance Ecoener Payita 1 photovoltaic plant in Dominican Republic with €41 million

Link Securities | The Spanish renewable energy multinational has secured financial support from Proparco, the French Development Finance Institution, for the deployment of its renewable energy operations in the Dominican Republic. As part of its objective to support companies that promote sustainable development, the subsidiary of the Agence Française de Développement Group (AFD Group) has granted a loan of $43.1 million (around €41 million) to Ecoener to finance its Payita…