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.
capitalism

World economy 31st January 2016

How Viable Is The Alternative To Capitalism?

John Bruton | Paul Mason, the economics editor of Britain’s Channel 4 News, has written Postcapitalism: A Guide to Our Future, which offers a critique of the existing global capitalist system. He points out that capitalism is only 200 years old and has gone through many changes. Economic systems do not last forever and can sometimes collapse—suddenly and painfully. There are risks that lie ahead if the defects in the global economic system are not tackled. But what’s the other option?

saskia

Interviews 30th January 2016

“Massive Loss Of Habitat” Triggers New Array Of Migrations

Luis Martín via TrumanFactor | Saskia Sassen is Robert S. Lynd Professor of Sociology at Columbia University and a member of the Committee of Global Thought of that institution. She is also Centennial visiting professor at the London School of Economics and Political Science. Professor Sassen was awarded the Prince of Asturias Award for Social Sciences in 2013 for her contributions to the phenomenon of globalization and urban sociology.

yuan dolar

World economy 28th January 2016

Is China Really Fighting A Currency War?

Marc Chandler via Caixin | It is fashionable to talk about currency wars. First, it was the United States who was accused of devaluing the dollar to boost exports. Then Japan with the launching of Abenomics. Now China stands accused of pushing its currency down. Is there really a currency war going on?

YellenFotosTC

World economy 27th January 2016

Fed Must Send A Clear Message On Rates After Today’s FOMC Meeting

Today the Fed’s FOMC holds its first meeting of 2016 with 4 planned board changes. In summary, we can say that 1 hawk (hard line) will be leaving and 4 joining. This means that the balance is still in favour of the doves (soft line), but less so than in 2015.The markets will react positively if the Fed sends a clear message that it will take into account the situation of both the US and the global economy before implementing further rate hikes.

 

Santander1 1

Spanish economy 27th January 2016

Santander – 4Q15 Results: 24% underlying miss on higher provisions

BARCLAYS | Santander was just above breakeven in the quarter due to one offs and underlying earnings 25% light as a result of higher provisions and weaker costs.  Negative one offs of €1,435m include €600m for PPI and €683m for intangible asset write offs. Even before this Santander’s Q4 earnings were 24% below expectations mainly due to higher provisions but also costs.

China's monetary transition

World economy 27th January 2016

China’s Economy Is Not Collapsing

Danny Quah | For three decades now, many of the world’s most insightful observers have predicted the imminent demise of China’s system. But these same three decades have also seen China confound expectations. China’s economy turned in double-digit growth rates. China lifted 600 million people out of poverty.

Petroleo ArabiaSaudi1

Markets 26th January 2016

What Oil Prices Mean for Geopolitics

Atlantic Sentinel | Year 2003 was a different era. The US waged a war of choice in Iraq; Vladimir Putin’s Russia was seen as a paper tiger; China’s economic boom roared but didn’t threaten; Dubai was unknown; and the United States seemed like it would forever be an oil importer. Much has changed.

bradesco

World economy 25th January 2016

Can LatAm Banks Perform With Falling Oil Prices?

UBS | China growth concerns and oil price weakness have undermined market sentiment and heightened risk a version in recent weeks. Given EM banks’ credit exposure to commodities/energy sector, estimated at less than 5%, there are also growing concerns over bank sector fundamentals.