The Corner

CAF wins contracts in Italy worth €120 million

Intermoney| CAF informed the CNMV on Thursday that it has been chosen by the Italian operator ATM Milano for the supply of 105 electric buses.

Saudi Telecom must inform Defence about its Telefónica plans

Norbolsa| Saudi Telecom will have to inform Defence about its plans in Telefónica (TEF) if it wants to obtain the government's permission. In th…

Government rectifies in Brussels: withdraws proposal to charge tolls on national roads as well

"What I can tell you is that next year we will have to set up tolls, Brussels is demanding that we do so," declared the Director General of the…

Is worrying about capital "Much Ado About Nothing"?

Aristóbulo de Juan (Former Head of Banking Supervision. Bank of Spain) | The current obsession of bank regulators worldwide is capital, reinforc…

Spike in gas prices pushes up electricity prices 25% in June

ASE Group : The average daily price of the Spanish wholesale market (POOL) in June stood at 93.02 €/MWh. It is 25.35% higher than in May, but st…

Merlin sells two shopping centres to Hungarian fund Indotek for undisclosed sum

CdM| The Hungarian real estate fund Indotek Group has acquired two shopping centres, one located in Valencia and the other in Barcelona, from Me…

Audax Renovables Buys €60 Million Of Assets In Hungary

Spanish renewable energy company and Germany's E.On have signed an agreement for the purchase and sale of commercial electricity assets in Hunga…

Unidas Podemos Proposes A Tax On Large Fortunes In Spain

Bankinter | Unidas Podemos, the party which forms the government coalition in Spain together with the socialists, has proposed the introduction…

Business News & Financial News

With the Corner follow the economic and political news from Spain, Europe and around the world. It provides insights into financial markets, eco…

Debt of Spanish companies and families is below European average

J.L.M. Campuzano (Spanish Banking Association) | Companies and families have continued reducing their debt levels, down to 131.2% of GDP. Ten ye…

Spanish politics: Fatigue and perplexity weigh in

Ana Fuentes | Spanish politics has settled on a disturbing calendar. This week the government of the social democrat Pedro Sánchez must clarify…

Prisa negotiates sale of Media Capital, its Portuguese subsidiary

Bankinter | The media company Prisa is negotiating exclusively with Cofina the sale of Media Capital, its Portuguese subsidiary. In the past it…

Increasing chances of no-deal Brexit: pound in free fall

Olivia Álvarez (Monex Europe) | Driven by concerns about a no-deal Brexit, in less than a week, the pound sterling has fallen more than 2.7% aga…

Spanish elections: Will there be a government? What government?

Fernando G. Urbaneja | An unprecedented tornado of elections has fallen on Spain in 2019. In the short space of four weeks Spaniards can place t…

Greek Salad (Made In Italy)

Ioannis Glinavos via Macropolis | The creation of a populist government in Italy has sent shivers down the spines of those who have been followi…

The Second Economic Transition For Spain

New generations favouring autonomy and independence are calling for a second transition: democratic or economic? Or a mix of both?

Where Are New Earnings Coming From?

To have a closer look at where new money is coming from, Carax-Alphavalue focuses on Q3. They think the 2017 picture "is gaining certainty." The…

Greece: I Know What You Did The Summer Before Last

There is still no definitive take on what happened between January 25, 2015, when SYRIZA was elected to power and July 13, when Tsipras agreed a…