Portugal

Ex-BES chief Salgado named as suspect in money-laundering probe

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LISBON - An investigating judge has named Ricardo Salgado, head of Portugal's Espirito Santo banking family and former chief of Banco Espirito Santo (BES) , as a suspect in a long-running money-laundering and tax evasion investigation.

Lisbon rallies as European shares edge higher 23 Jul 2014

* Lisbon's PSI-20 equity index outperforms with 1.7 pct rise

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Goldman Sachs says BES investment was on behalf of clients 23 Jul 2014

LISBON - Goldman Sachs's 2.27 percent interest in Portugal's Banco Espirito Santo was acquired on behalf of clients, the U.S. investment bank said in a statement on Wednesday afternoon.

RPT-CORRECTED-UPDATE 2-Espirito Santo family woes mount as Rioforte seeks creditor protection 23 Jul 2014

(Repeats to additional subscribers, corrects date of DE Shaw stake acquisition in 13th par to July 14 from June 14)

CORRECTED-UPDATE 2-Espirito Santo family woes mount as Rioforte seeks creditor protection 22 Jul 2014

(Corrects date of DE Shaw stake acquisition in 13th par to July 14 from June 14)

UPDATE 2-Portugal president warns Espirito Santo woes could hurt economy 21 Jul 2014

LISBON, July 21 - Portugal's president warned on Monday that fallout from the financial troubles of the founding family of Banco Espirito Santo (BES) could affect the wider economy, while the bank said it was appointing a special financial advisor to help boost its capital structure.

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Portugal says private investors could bolster BES defences 18 Jul 2014

LISBON - Banco Espirito Santo (BES) should be able to tap private investors if it needs to boost its defences against losses, Portugal's central bank governor said on Friday, reiterating that the lender had sufficient capital reserves.

Bank of Portugal sees Angolan uncertainty over soon for BES 18 Jul 2014

LISBON - A guarantee by Angolan authorities for the troubled loan book of the local unit of Portugal's Banco Espirito Santo (BES) eliminates a major factor of uncertainty for BES, Bank of Portugal Governor Carlos Costa said on Friday.

Bank of Portugal sees private solution if BES needs capital 18 Jul 2014

LISBON - Portugal's Banco Espirito Santo (BES) should have no problems raising capital by bringing in new investors should additional cash become necessary, the Bank of Portugal's governor said on Friday, reiterating that the bank has a capital cushion to meet a range of risks and uncertainties.

UPDATE 3-Portugal Telecom may sue BES over unpaid family co's debt -sources 17 Jul 2014

* BES-linked Rioforte holding company failed to repay $1 bln debt (Adds Portugal Telecom also likely to be sued)

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At least 15 killed by shelling of Gaza school; toll exceeds 760

GAZA/JERUSALEM - Gazan authorities said Israeli forces shelled a shelter at a U.N.-run school on Thursday, killing at least 15 people as the Palestinian death toll in the conflict climbed over 760 and attempts at a truce remained elusive. | Video