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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.
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In Europe 9th January 2025

Industrial producer prices rise by 1.6% in euro area; 1.2% decline in annual comparison

CdM | Industrial producer prices rose by 1.6% in the euro area and by 1.7% across the European Union (EU) in November compared with the previous month, according to first estimates from Eurostat, the EU’s statistical office. Compared with November 2023, industrial producer prices declined by 1.2 per cent in the euro area and 1.1 per cent in the EU. In the monthly comparison, in the euro area, industrial producer…

Naturgy will be able to undo the provisions for hyperinflation and devaluation of the peso

In Spain 9th January 2025

Naturgy leads alliance to develop 30 biogas plants in Spain

Naturgy announced on Thursday the signing of a strategic alliance with Hispania Silva, a company specialized in waste valorization with extensive experience in the agri-food sector, for the construction of a minimum of 20 biogas production plants, which could reach as many as 30. The plants that are part of this alliance, which will be distributed throughout Spain and will be operational before 2030, will have the capacity to generate…

Colonial Paris

In Europe 9th January 2025

Real estate transactions in Paris recover but with concerns about leverage: Equalweight on Colonial

Morgan Stanley: Real estate transactions recorded in Paris office space were down 9% and in Centre West Paris 8%, implying that the pace of decline is moderating. However, volumes remain low even though they have recovered from lows. On the other hand, vacancies continue to rise and available supply increased in all regions in the quarter. Rental growth was up 6% year-on-year, sustained over previous levels. While remaining positive on…

IAG

European economy 9th January 2025

IAG launches two invitations to buy back bonds for total of €1.2 billion

Link Securities | IAG (IAG) announced on Tuesday separate invitations to holders of its (i) bonds in the aggregate nominal amount of €500,000,000, issued at 1.50 per cent and maturing in 2027 (the 2027 Bonds) and (ii) bonds in the aggregate nominal amount of €700,000,000, issued at 3.75 per cent. and maturing in 2029 (the 2029 Bonds) offering the purchase of the Bonds by IAG in exchange for a cash…

CaixaBank 1440x808 1

In Spain 8th January 2025

Caixabank prepares to launch real estate portal to take advantage of good momentum in Spanish residential sector

Link Securities | Caixabank (CABK) is preparing the launch of a real estate portal to take advantage of the peak of sales and purchases and record prices that the residential sector is experiencing in all Spanish provinces, according to Expansión newspaper. It will be a similar website to www.idealista.com for buying and renting property (new and used) but only real estate companies registered on the portal will be able to…

JustinTrudeau

In the World 8th January 2025

Justin Trudeau resigns, but will stay in office until party finds another leader to put forward in October election

Banca March | Canada’s Prime Minister announces his resignation after nine years in office due to a loss of public support and internal pressures within his party. The Canadian leader has announced that he will remain in office until the Liberal Party finds another leader to present in the next elections scheduled for October. He has also announced the closure of Parliament until 24 March, in order to avoid an…

españaeneuropa

In Europe 8th January 2025

Germany’s CPI rises to 2.6% year-on-year in December, France’s to 1.8%, Switzerland’s falls to 0.6%

Bankinter: Yesterday Germany’s CPI rebounded more than expected in December to 2.6%. Inflation came in at 2.6% year-on-year from 2.2%, when a more modest rebound to 2.4% was expected. Team’s view: Disappointing inflation data in December as it showed a stronger than expected rebound. However, we expect CPI to moderate in the coming months in a context of weak economic activity, lower energy prices and more contained wage increases. France’s…

OHLA

In Spain 8th January 2025

OHLA capital increase approved by 90% of bondholders

Link Securities | In connection with the Consent Solicitation process addressed to the holders of the Senior Secured Notes issue (€487,266,804 Split Coupon Senior Secured Notes due 2026) of OHL Operaciones, S.A.U. (the Issuer) (ISIN: XS2356570239 / XS2356571120) for the approval of the agreements contained in the consent solicitation memorandum published by the Issuer on 2 December 2024, OHLA (OHLA) informed that on Monday the Consent Solicitation process has been…

grenergy

In the World 8th January 2025

Grenergy signs $324 million financing for phase 4 of Oasis de Atacama

Link Securities | Grenergy (GRE) has informed the National Securities Market Commission (CNMV) that it has signed senior non-recourse financing with BNP Paribas Securities Corp, Natixis Corporate & Investment Banking (Natixis CIB), Société Générale, The Bank of Nova Scotia and Sumitomo Mitsui Banking Corporation (SMBC) for an amount of $324 million. This financing, which covers phase 4 of Oasis de Atacama, corresponds to 269 MW solar and 1.1 GWh of…