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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.
banco sabadell

Spanish economy 12th March 2025

Zurich insurance company exceeds 4% shareholding in Banco Sabadell

Link Securities | Zurich insurance company has just exceeded 4% shareholding in Banco Sabadell (SAB), according to information included yesterday in the register of the National Securities Market Commission (CNMV), according to the newspaper Expansión. The Swiss firm controls 4.03% of the Spanish bank, up from the previous 3.96%. Zurich Insurance Group has been making daily purchases on trading days since 21 February. With these acquisitions, it has increased its…

Bank of spain new

Spanish economy 12th March 2025

Bank of Spain raises GDP forecast for 2025 to 2.7% year-on-year and maintains 2026 and 2027 forecasts

Bankinter | The Bank of Spain (BdE) has revised its GDP forecasts for 2025 to 2.7% year-on-year (up 0.2pp); and unchanged at 1.9% for 2026 and 1.7% for 2027. It has also revised the inflation projections for 2025 upwards to 2.5% (up 0.4pp), due to the rise in energy prices, and maintains those for 2026 and 2027 at 1.7% and 2.4% respectively. They project an unemployment rate of 10.5% (down…

Europa aranceles EEUU

In Europe 12th March 2025

European Commission announces counter-tariffs on United States

Bankinter | The European Commission has announced the imposition of counter-tariffs on the United States. This is in response to the entry into force this morning of the 25% tariffs imposed by the United States on imports of steel, aluminium and products derived from them, which will have an impact of €26 billion on exports from the European Union (EU). The EU plan has two phases: (i) On 1 April…

Inditex

Spanish economy 12th March 2025

Inditex: A Q4 Beat And A Q1 To-Date Miss

Jefferies | ITX’s 5% Q4 EBIT beat confirmed the compounding power of the group’s affordable quality fashion proposition. Of course, it will be the clear miss in current trading at a 4% gain (versus we think buy-side at 7%/8%) which will set the debate this morning. The acceleration to 7% last week (as weather turned more seasonal) suggests that meteorological conditions were especially difficult during a small part of Q1…

CAF

World economy 12th March 2025

CAF subsidiary Solaris wins first contract in Canada to supply Translink with 107 trolleybuses for €120 million

Link Securities | The Canadian transport operator TransLink, from the city of Vancouver, has awarded Solaris, a subsidiary of CAF, the contract for the supply of 107 trolleybuses for approximately €120 million, with the option of increasing the number of units contracted. At the end of last year, Solaris announced that it had been awarded its first contract in the USA, specifically for the supply of electric buses to the…

BBVA vela atardecer

Spanish economy 11th March 2025

Securities Market Commission authorises BBVA to offer trading and custody services for bitcoins and ether in Spain

Alphavalue / Divacons | The bank announced yesterday that it has received approval from the Securities Market Commission (CNMV) to offer trading and custody services for bitcoins and ether in Spain. The bank explained that the rollout of this service will initially begin with a small group of users and will be extended in the coming months to all its individual customers in Spain, based on the experience gained in…

Tecnic

European economy 11th March 2025

Técnicas Reunidas and Siemens Energy to carry out design engineering for La Robla Green, one of Europe’s largest renewable methanol plants

Alphavalue/DIVACONS | A consortium made up of Técnicas Reunidas (TRE) and Siemens Energy (reduce, Target Price €53.4/share) will be in charge of carrying out the front-end engineering design (FEED) for the La Robla Green project, which aims to develop one of the largest renewable methanol plants in Europe in the city of León. As Técnicas Reunidas explained, the Spanish company Reolum awarded the project to this consortium. Técnicas Reunidas: Add,…

china yuanesCM

In the World 11th March 2025

China’s CPI continues to show economy’s weakness, falling back into negative territory

Bankinter | Price indicators continue to show the weakness of the Chinese economy. (i) CPI (February): down 0.7% year-on-year versus 0.4% expected versus up 0.5% previous. Core rate: down 0.1% year-on-year versus up 0.6% previous; (ii) Industrial Prices (February): down 2.2% year-on-year versus 2.1% expected versus 2.3% previous. Bankinter analysis team’ view: More negative news for the Chinese economy. Inflation has fallen back into negative territory (for the first time…

Forty years of Spanish constitution: What's next?

In Spain 11th March 2025

PSOE’s partners in Government refuse to increase military spending

The parties belonging to Sumar, the far-left coalition that is part of the government led by the PSOE, held a meeting late on Monday afternoon (which extended into the early hours of the night) to try to reach a consensus on the latest mandate from the European Council before the meeting between the second vice president, Yolanda Díaz – leader of Sumar – and the president of the Government. The…

aceros

In the World 11th March 2025

US tariffs on aluminium and steel to come into force this Wednesday

BancaMarch | On Wednesday, tariffs on aluminium and steel will come into force, with Canada, Brazil, the EU and Mexico being the most affected regions. However, it should be noted that in March 2018, when tariffs were applied to these same goods – 25% on steel and 10% on aluminium – productive agreements were reached in some cases. More specifically, the tariffs imposed on Mexico and Canada were withdrawn a…