Portugal

Portugal 2015 budget bill sees 1.5 percent growth

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LISBON - Portugal's government expects a second year of economic expansion in 2015 after the country began to climb out of its debt crisis this year and exited an international bailout, its 2015 budget bill showed on Wednesday.

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ECB says Portugal's Novo Banco won't be part of health checks 10 Oct 2014

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.

ECB says Portugal's Novo Banco won't be part of health checks 10 Oct 2014

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.

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Portugal must persist with deficit reduction - finance minister 06 Oct 2014

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.

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Portugal Novo Banco's balance to show no further capital needed 03 Oct 2014

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.

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Portugal sounds out Spanish banks on Novo Banco sale - sources 30 Sep 2014

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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Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders

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