FRANKFURT - Portugal's Novo Banco, created from the bailout of Banco Espirito Santo , will not be part of the European Central Bank's bank health checks, the ECB said on Friday.
FRANKFURT, Oct 10 - Portugal's Novo Banco, created from the bailout of Banco Espirito Santo, will not be part of the European Central Bank's bank health checks, the ECB said on Friday.
LISBON - Portugal has to reduce its high debt and will persist with fixing its public finances as this is key to maintaining the credibility it has regained with external creditors, Finance Minister Maria Luis Albuquerque said on Monday.
LISBON - The opening balance sheet of Portugal's Novo Banco, the "good bank" carved out of Banco Espirito Santo after a state rescue, will show a solvency ratio above the required minimum and no need of further capital, two sources familiar with the process said.
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.
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.
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.
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.
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.
ANKARA/BEIRUT - Turkey said on Monday it would allow Iraqi Kurdish fighters to reinforce fellow Kurds in the Syrian town of Kobani on Turkey's border, and the United States air-dropped arms to help the Kurds there resist an Islamic State assault. | Video