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.
renewables

Belgian Courts Seize €482 Million from Spanish State-Owned Enaire Over Unpaid Renewable Energy Awards

The Belgian justice system has ordered the seizure of €482.4 million linked to Eurocontrol payments destined for Enaire, the Spanish state-owned air navigation service provider. This measure serves as a mechanism to guarantee the collection of outstanding compensation owed to investors affected by retroactive cuts to renewable energy subsidies. The move follows legal actions taken by OperaFund, a fund that obtained a favorable ruling in 2019 from ICSID (the World…


iberdrola neoenergia brasil

Brussels authorises sale of 75% of Neoenergía, Iberdrola’s Brazilian subsidiary in Dardanelos hydroelectric power plant

Alphavalue/ Divacons | The European Commission yesterday gave the green light to the sale by Neoenergía, Iberdrola’s Brazilian subsidiary, of 75% of its stake in the Dardanelos hydroelectric power plant to the Brazilian subsidiary of the French group EDF. According to a statement from Brussels, the transaction affects the company Águas da Pedra, which manages both power generation at the plant located in Mato Grosso and the transmission lines that…


tierras raras

Australia announces $1.185 billion investment to create Critical Strategic Minerals Reserve

Bankinter | The Australian Government has announced an investment of $1.185 billion to create a Critical Strategic Minerals Reserve. Initially included are antimony, gallium and rare earths for magnets, elements considered essential for high technology, clean technologies and advanced military hardware. They highlight the use of antimony for storage batteries, night vision equipment and high-performance fire-retardant materials; gallium for advanced semiconductors used in radar and telecommunications systems; and rare earths…


Grenergy

Grenergy wins contracts for storage projects in Poland worth €132 million

CdM | Grenergy has secured capacity contracts for five stand-alone storage projects in Poland in the latest auction organised by Polskie Sieci Elektroenergetyczne (PSE), the country’s electricity system operator. In total, the company has obtained a guaranteed minimum financial allocation of over €132 million. Starting in January 2030, these services will be remunerated at a fixed price (indexed to the CPI) of PLN 465.02/kW per year for the entire 17-year…


endesa cartel

Endesa hacked, sensitive user data compromised

Singular Bank | The company confirmed unauthorised access to its commercial platform, which has led to the theft of its customers’ personal data linked to their contracts. The information compromised in this security incident includes identity document numbers and registered payment methods, according to the company itself. The company’s shares fell 1.3% yesterday. Early in the day, Endesa was down 0.48%.


arcelormittalsenorCM

Stability for ArcelorMittal in Q4 despite difficulties and rising figures for 2026/27

Deutsche Bank | The steel giant will report its fourth-quarter results, and we expect stable figures in sequential terms, as more moderate results in North America and Brazil are likely to be offset by stronger contributions from Europe, Mining and Sustainable Solutions. EU spreads have already developed strongly, supported by stricter CBAM regulation, and we reflect the increase in steel prices and iron ore assumptions, raising our EBITDA estimates for…


Airbus nuevo

Airbus meets forecasts thanks to delivery of 102 aircraft in December

Deutsche Bank | Christophe Menard: Airbus (AIR) successfully met its revised delivery forecasts for 2025 thanks to an unprecedented rebound of 102 aircraft in the second half of December, demonstrating its resilience and ability to ramp up production ahead of 2026. This strong performance warrants a longer-term valuation assessment, shifting the focus to 2028. Accordingly, we have raised our target price from £222 to £250, reflecting the shift to the…


Santander Bank Polska 1

Santander closes sale of Santander Bank Polska to Erste Group Bank for €7 billion, with capital gains of €1.9 billion

Link Securities | Banco Santander (SAN) and Erste Group Bank announced the closing of the sale of Santander Bank Polska, according to Bolsamanía on Friday. Erste has acquired 49% of the share capital of Santander Bank Polska and a 50% stake in the asset management business in Poland (TFI) that Santander Bank Polska did not control, for a total cash amount of approximately €7 billion. The transaction was announced in…


Galp new

Merger of Moeve and Galp’s downstream businesses brings them closer to Repsol in number of service stations and refining capacity

Norbolsa | Moeve and Galp announced last week that they are in negotiations to merge their downstream businesses. The possible creation of two European energy platforms is being evaluated: An industrial platform focused on refining, chemicals, trading, green molecules and low-carbon fuels, aimed at serving B2B customers (IndustrialCo); Moeve’s current shareholders, Mubadala and Carlyle, will control the industrial platform, while Galp will retain a stake of more than 20%. Another…


EUU empleo casco trabajador

US economy generates 50,000 net non-farm jobs in December, below expectations.

Link Securities | According to the Department of Labour, in December the US economy generated 50,000 net non-farm jobs, slightly less than the 56,000 jobs created in November, and below the consensus forecast by FactSet analysts, which was 55,000 new jobs. In the month analysed, the private sector generated 37,000 net jobs (50,000 jobs in November), while the public sector created 13,000 jobs (6,000 jobs in November). Analysts had projected…