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.
sacyr edificio logo nuevo

Sacyr wins residential construction contracts for 830 homes in Malaga, Madrid, and Barcelona worth €245 million

Link Securities | Sacyr Ingeniería e Infraestructura (SCYR) has been awarded residential construction contracts worth €245 million and is expanding its project portfolio in Spain with 830 new homes in Malaga, Barcelona and Madrid, according to reports on Wednesday by the Efe news agency and Expansión. A press release explains that among the recently awarded projects, the construction of the Karl Lagerfeld Villas for Sierra Blanca Estates, located in Lomas…


Telefonica Prosegur

CNMC announces full liberalisation of Telefónica’s fibre optic networks

Bankinter | Telefónica (TEF) will no longer be obliged to lease its networks to rival operators at a regulated price. This liberalisation process began in 2016 when the National Commission for Markets and Competition (CNMC) ruled that there was sufficient competition in 66 cities representing 35% of the population; in 2021, it extended liberalisation to 696 towns, covering a total of 70% of the population, and now the remaining 30%…


china exportaciones

Trump signs executive order to extend trade truce with China for another 90 days

Link Securities | US President Donald Trump signed an executive order to extend the trade tariff truce with China for another 90 days, as confirmed by Trump himself and the Chinese Ministry of Commerce. With the latest round of negotiations set to expire early Tuesday morning, this pushes the deadline to mid-November, providing crucial relief for seasonal import increases ahead of Christmas. The US will maintain 30% tariffs on Chinese…


bbva sabadell

Analysts suggest BBVA could improve Sabadell bid by up to €2 billion

Alphavalue/DIVACONS | The financial institution chaired by Carlos Torres announced to the National Securities Market Commission (CNMV) that it is moving forward with its takeover bid for Banco Sabadell (SAB) (add Target Price €3.74/share), despite the recent confirmation of the sale of TSB for €3.1 billion and the approval of the €2.5 billion macro dividend. BBVA will update its offer at the end of August or early September. Some analysts…


banco santander new

Banco Santander teams up with OpenAI to accelerate Artificial Intelligence and Data strategy

Link Securities | Banco Santander (SAN) has redoubled its commitment to technology and has teamed up with OpenAI to accelerate its Artificial Intelligence and Data strategy, according to Expansión newspaper. Santander has signed a collaboration agreement with the company that created ChatGPT with a view to becoming an ‘AI-native bank’ in which ‘every decision, process and interaction is driven by data and intelligent technology,’ explained Ricardo Martín Manjón, SAN’s Director…


Aena nuevita

Aena exceeds 32 million passengers; year-to-date traffic rises 4.1%

Intermoney | Aena (AENA) (Hold, Target Price €24) announced its passenger traffic figures for July 2025 on Tuesday after the market closed. The figures for Spain showed an increase of 2.7% last month, exceeding 32 million passengers, of which nearly 12 million were distributed between Barajas and El Prat, which increased their figures by slightly less than 1% and almost 3%, respectively. Among the other major airports, Malaga (8%) and…


Talgo

Talgo receives technical approval for its long-distance trains to begin operating in Germany

Renta 4 | The Spanish train manufacturer has announced that it has just received technical approval from the European Railway Agency (ERA) and the German Federal Railway Agency (EBA) for its 230 model long-distance trains to begin operating in Germany before the end of the year, although with a delay of more than a year. The approval is the final step in a process that began in 2019 with the…


china yuan mirada

Prices in China remain positive for second consecutive month

Bankinter | CPI (July): +0.0% year-on-year versus -0.1% expected versus +0.1% previously. Bankinter analysis team’s view: prices remain positive for the second consecutive month. The underlying rate reached +0.8% compared to +0.7% previously. It seems that the government measures to moderate excessive competition in some sectors are beginning to have some effect, despite the fact that industrial prices continue to exert downward pressure (-3.6% year-on-year in July compared to -3.3%…


gold precious

US imposes tariffs on imports of one-kilogram gold bars

Link Securities | The United States has imposed tariffs on imports of one-kilogram gold bars, a move that threatens to disrupt the global bullion market and deal a further blow to Switzerland, the world’s largest precious metals refining centre, according to Expansión. The Customs and Border Protection (CBP) agency stated that one-kilogram and 100-ounce gold bars should be classified under a customs code subject to duties, according to a letter…


Telefonica central

AXA, likely winner of process to acquire stake in Fiberpass, Telefónica and Vodafone Spain’s fibre optic wholesale company

Link Securities | French insurance company AXA appears to be the likely winner of the process to acquire a stake in Fiberpass, the fibre optic wholesale company created by Telefónica (TEF) and Vodafone Spain, according to Expansión. AXA Investment Management is in advanced negotiations to take a significant minority stake in Fiberpass, a joint venture between Telefónica and Vodafone Spain to offer wholesale fibre optic broadband connectivity services, i.e. what…