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.
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.
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.
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.
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.
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.
(Recasts to add approval by Oi shareholders, share performance)
LISBON - Portugal's economy expanded a revised 0.3 percent in the second quarter - half of the previous estimate - after a revised decline of 0.5 percent in the previous three months, official data based on new statistical standards showed on Monday.
HONG KONG - Portugal's Banco Espirito Santo SA has told its clients in Hong Kong that it would be closing its branch in the Asian financial hub as part of a broad restructuring after a government bailout.
BAGHDAD/PARIS - French jets struck a suspected Islamic State target in Iraq for the first time on Friday, expanding a U.S.-led military campaign against militants who have seized a third of the country and also control large parts of neighbouring Syria. | Video