Portugal

Portugal sounds out Spanish banks on Novo Banco sale - sources

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MADRID - Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with the talks said on Tuesday.

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Portugal business confidence stable in September 29 Sep 2014

LISBON - Portugal's economic climate indicator was flat in September, remaining at its highest level since mid-2008 as the economy recovers further from a deep recession.

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Portugal to raise minimum wage by 4 percent from October 25 Sep 2014

LISBON - Portugal's government, representatives of labour unions and employers have reached a deal to raise the country's minimum monthly wage by 4 percent from next month to 505 euros (394.5 pounds) after a four-year freeze.

Goldman partner says Novo Banco should attract foreign bidders 16 Sep 2014

LISBON, Sept 16 - Portugal's Novo Banco, the successor to Banco Espirito Santo (BES) after a state rescue, will likely attract bids from foreign banks, a partner at U.S. investment bank Goldman Sachs said on Tuesday.

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EU regulators expect Novo Banco sale to proceed as agreed 15 Sep 2014

BRUSSELS - European Union state aid regulators expect Portugal to sell Novo Banco, the successor to troubled Banco Espirito Santo (BES) , in line with a pledge made in return for regulatory approval of its 4.9-billion-euro (3.90-billion-pound) state bailout.

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Outgoing Novo Banco CEO tells clients the bank is reliable 15 Sep 2014

LISBON - The outgoing chief executive of Portugal's' Novo Banco - the successor to Banco Espirito Santo after a recent state rescue - told clients on Monday that they can rely on the bank and that they will benefit from management changes after his resignation.

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Bank of Portugal picks new CEO for BES successor Novo Banco 14 Sep 2014

LISBON - The Bank of Portugal on Sunday picked a new chief executive for Novo Banco, successor to Banco Espirito Santo (BES), following the embarrassing resignation of its three top managers appointed only two months ago.

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Bosses charged with rebuilding Portugal's BES bank quit after two months 13 Sep 2014

LISBON - The rebuilding of Portugal's Novo Banco - the successor to Banco Espirito Santo (BES) after a state rescue last month - was dealt a blow on Saturday with the resignation of the three men handpicked by the central bank in July to turn BES round.

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Portugal confident on targets, considers following Irish move on loans 09 Sep 2014

ATHENS - Portugal is confident it will meet its fiscal targets for the year and may in future decide to follow Ireland's move to repay its International Monetary Fund loans early, Prime Minister Pedro Passos Coelho said on Tuesday.

Portugal confident it will meet 2014 fiscal targets -PM Coelho 09 Sep 2014

ATHENS, Sept 9 - Portugal is confident it will meet the fiscal targets it has set for this year and will stay on a course of reforms to make its economy stronger, Prime Minister Pedro Passos Coelho said on Tuesday.

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Hong Kong's embattled leader believes protests could last weeks- source

HONG KONG - Hong Kong authorities will not immediately move to clear tens of thousands of pro-democracy protesters occupying large areas of the city, and will let them stay for weeks if need be, a source with ties to leader Leung Chun-ying said on Wednesday. | Video