Articles by The Corner

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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.
España PIB ministro

US bank forecasts Spain’s GDP to grow 3.5% in 2024, 2.9% in 2025 and 2.2% in 2026

Alphavalue / Divacons | A leading US bank has revised its growth projections for the Spanish economy upwards, validating the strength of the current expansionary cycle in contrast to the slowdown observed in the rest of Europe. The US financial institution now anticipates Spanish GDP growth of 3.5% for 2024, 2.9% in 2025 and 2.2% in 2026. These new estimates exceed previous forecasts, which stood at 3.2%, 2.7% and 2%…


China EEUU choque 1

China to suspend additional 24% tariffs imposed on US products for one year

Norbolsa | China will suspend for one year the additional 24% tariffs it imposed on US products in April, maintaining the 10% tariffs on all US products introduced in retaliation for the tariffs announced on Liberation Day. In addition, the government announced that it will eliminate tariffs of up to 15% imposed on a range of agricultural products from 10 November, although it will maintain tariffs of 13% on Chinese…


redeia fachada

Redeia’s correction offers appeal: speculative purchase at €15; protective stops below €14.75

Renta 4 | Approaching interesting tactical levels, formed by the lows of January this year, which converge at €15.10 with the upward trend line from the lows of 2020. The chart below shows the reactions over the last ten years to exceeded readings in the weekly indicators, resulting in significant rebounds after a few months. We would place protective stops below €14.75, giving some margin to the aforementioned support zone.


ACS Turner

ACS joins Oracle, OpenIA and Vantage data centre project with €13 billion budget

Link Securities | ACS (ACS), through its subsidiary Turner, has joined one of the largest digital infrastructure projects in the United States, according to Expansión newspaper. This is the data centre complex promoted by Oracle (ORA-US), OpenAI and Vantage in Port Washington, Wisconsin (United States), with an investment budget of $15 billion (around €13 billion) spread over several phases. The US hyperscalers have commissioned a group of contractors to develop…


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Santander ends partnership with Stellantis in US car loan business

Link Securities | Banco Santander (SAN) has ended its partnership with Stellantis (STLAM-IT) in the US car loan business, which had been in place for more than a decade, according to Expansión newspaper. The bank and the automotive group have agreed to terminate the agreement they signed twelve years ago, three months ahead of schedule, which was due to expire in December. Santander and Stellantis remain partners in Europe.


Indra Tecnocom

Lawyer group reports merger between Indra and its chairman’s company Escribano to CNMV

The acquisition of Escribano Mechanical and Engineering (EM&E) by Indra has encountered another adversary. In addition to the opposition from a part of the company’s board of directors —controlled by the State Industrial Participation Company (SEPI) with a 28% stake— due to the conflict of interest inherent in buying the family company of its own chairman, there is now the opposition of the Hay Derecho Foundation. The institution, composed of…


china eeuu dolar yuan

Trump-Xi’s Temporary Truce: What It Means for Taiwan

Alicia Gª Herrero (Natixis) | If the aim of the 30 October meeting between United States President Donald Trump and Chinese President Xi Jinping, in Busan, South Korea, was to ease trade tensions, it can be judged as just about achieved. US ‘fentanyl tariffs’ on China were halved to 10%, bringing US tariff levels on imports from China closer to those applied to other Asian economies.In return, China agreed to…


CIMIC

ACS Australian subsidiary Cimic wins AU$950 million contract to upgrade Gateway to Bruce motorway

Link Securities | CPB Contractors, part of the CIMIC Group (ACS), has been selected by the Queensland Government to carry out improvements to the Gateway to Bruce motorway, according to a report yesterday by the digital portal Bolsamania.com. CPB Contractors is responsible for 40% of the contract value, which amounts to AU$950 million. This is a transformative infrastructure project to improve safety, connectivity and resilience along the Gateway Motorway and…


utilities electricas

Utilities in Spain: new proposed permitted return for networks for 2026-31 period is 6.58%

Norbolsa | Last week, the final proposal for calculating the permitted return for electricity and gas networks was announced. This represents a permitted return of 6.58% (pre-tax, nominal) for the period 2026-31. Although this is an increase on the initial proposal of 6.46%, it falls short of market expectations, which were closer to 7%. The decision is not final, but it is considered highly unlikely that there will be any…


Atryshelth2

Atrys Health in negotiations with Grupo Echevarne to formalise sale of Aspy Global Services and subsidiaries

Link Securities | Atrys Health (ATRY) announced on Monday to the National Securities Market Commission (CNMV), in relation to information appearing in the media, that it has received an offer from Grupo Echevarne, S.L. for the acquisition of the entire share capital of Aspy Global Services, S.A.U. and its subsidiaries. Atrys and Grupo Echevarne are currently in negotiations aimed at formalising the corresponding purchase agreement and determining the remaining terms…