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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.
emerging economies

Uncategorised, World economy 22nd July 2017

Dealing With Crises: How Have Emerging Economies Evolved?

Pablo Béjar | Having transitioned into a more complex global economy, today emerging and developing countries are less economically vulnerable than in the 1980s and 1990s. But how secure are these economies? How much less vulnerable quantitatively and more resilient are countries to macroeconomic crises that battered them over the last 35 years? More specifically, how has the probability of a currency and GDP crisis evolved during these last years?

Wall Street

Markets 20th July 2017

Wall Street Trapped In The Inability Of Yields

Many important assets have been trapped in broad trading ranges in recent years despite substantial political upheaval Some examples are the US Treasury 10-year yield which moved between 1.5-2.5% for 3 years or the German Bund 10-year yield between 0-1% for 3 year. According to BoAML, “this inability of yields, the US dollar & volatility
 to break out reflects the inability of the economic cycle to generate strong growth & inflation.”

The ECB will be unable to normalize its monetary policy soon

In Europe 20th July 2017

Questioning Draghi’s Tone: Half Hawkish Half Dovish

In last years, central banks have managed to give markets any sign about the direction of their policies, neither too dramatic nor excessively inaccurate. Today it is the turn for the ECB to take a further step towards the monetary policy easing in Europe. Experts are divided over the tone of Draghi’s words at the central bank meeting. Some expect he will not change it against the relative surprising hawkish speech in Sintra two weeks ago.

commodities, out of reflation debate

Markets, World economy 19th July 2017

Commodities, Isolated From The Reflation debate

The reflation trade that boosted a rally in global stockmarkets after Donald Trump’s victory has been put to the test in recent weeks with the inflation data failing to deliver the sought-after hard facts. However, commodities as an asset class have for some time been somewhat isolated from the reflation debate

iberdrolaTC

Ibex, Markets 19th July 2017

Iberdrola Will Compete Head-To-Head With Enel Within The Italian Market

Iberdrola is preparing itself to enter the Italian electricity trading market before current year ends, in which the company will offer its own tariffs in the distribution segment. They will compete with operators such as Enel, Eni and Edison and expect to reach a market share of 5%-7% in next six years, namely a million of customers in 2020 and three millions in 2023. Iberdrola is not considering any acquisitions in order to carry out this strategic move.

Iberia Vueling

Ibex, Markets 18th July 2017

Iberia And Vueling Challenge High Speed Train

Starting tomorrow, Iberia and Vueling, both owned by IAG,  will coordinate their schedules to allow passengers the option to choose among 26 daily frequencies in each direction (16 Iberia and 10 Vueling) against 18 daily connections of the railway operator Renfe, all taking a less-than-3-hour-travel time.