Portugal

Goldman partner says Novo Banco should attract foreign bidders

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.

UPDATE 2-Portugal Telecom, Oi shareholders approve new merger terms 09 Sep 2014

(Recasts to add approval by Oi shareholders, share performance)

Portugal second quarter growth revised lower to 0.3 percent 08 Sep 2014

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.

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Banco Espirito Santo says closing Hong Kong operations 05 Sep 2014

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.

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French jets strike in Iraq, expanding U.S.-led campaign against Islamic State

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