LISBON Millennium bcp approved on Monday a capital hike of up to 1.33 billion euros (£1.15 billion) and China's Fosun said it would use the operation to raise its stake in the lender, Portugal's largest listed bank, to 30 percent from 16.7 percent.
LONDON, Jan 6 Portugal's 10-year government bond yield rose to a new 11-month high on Friday as bond markets across the euro area came under selling pressure following the latest U.S. jobs numbers.
LISBON U.S. private equity firm Lone Star will work "tirelessly" to reach an agreement with Portugal to buy Novo Banco, it said on Thursday after it became the top candidate to acquire the bank carved out of collapsed Banco Espirito Santo (BES).
LONDON, Jan 5 Portugal's benchmark 10-year government bond yield rose above 4 percent for first time since February 2016 on Thursday, rising 10 basis points on the day to 4.03 pct.
LISBON, Jan 5 Portugal's central bank has chosen U.S. private equity firm Lone Star as the leading candidate to buy Novo Banco, the bank carved out of collapsed Banco Espirito Santo (BES), the central bank said in a statement.
LISBON Portugal started a planned recapitalisation of state-owned lender CGD on Wednesday by converting 945 million euros of contingent convertible bonds (CoCo) into equity and transferring 500 euros of shares to the bank, the finance ministry said.
LISBON, Dec 14 Portugal's moderate economic recovery will persist in the next few years and the annual growth rate is likely to edge up gradually after this year's slowdown to reach 1.5 percent in 2018-2019, the Bank of Portugal said on Wednesday.
BRUSSELS European Commission Vice President Valdis Dombrovskis said on Monday that Brussels' "agreement in principle" over Portugal's state-owned bank Caixa Geral de Depositos (CGD) remained in force despite resignations of top managers.
LONDON, Nov 21 Portugal's bond yields fell in volatile trading on Monday as news of Chinese investment in the country's largest-listed lender lifted sentiment towards its weak banking sector.
LONDON, Nov 21 Portugal's 10-year government bond yield fell sharply on Monday, reversing an earlier rise to nine-month highs, as news of a Chinese investment in the country's largest-listed bank lifted sentiment towards a weak banking sector.
WASHINGTON Hundreds of thousands of women filled the streets of major American cities to lead an unprecedented wave of international protests against President Donald Trump, mocking and denouncing the new U.S. leader the day after his inauguration. | Video