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Portugal unemployment rate falls to 6.7 percent in June

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LISBON Portugal's monthly unemployment rate fell to 6.7 percent in June from a revised reading of 7 percent the previous month, which was the lowest since 2002, data from the National Statistics Institute showed on Monday.

Portugal Millennium BCP's first-half net profit jumps 67 percent 26 Jul 2018

LISBON Portugal's largest listed bank Millennium bcp posted on Thursday a 67.5 percent jump in first-half net profit, boosted by a sharp improvement in earnings at home and lower provisions for bad loans.

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British Supreme Court rejects Goldman Sachs appeal vs Novo Banco 04 Jul 2018

LISBON Britain's Supreme Court dismissed on Wednesday an appeal by Goldman Sachs for compensation from Portugal's Novo Banco over a $835 million (632.10 million pounds) loan to Novo Banco's bankrupt predecessor, Banco Espirito Santo (BES), which was carved up by the state in 2014.

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Hedge fund Winterbrook considers some Novo Banco debt in default 27 Jun 2018

LONDON/LISBON London-based hedge fund Winterbrook Capital said it considers several notes issued by Portugal's Novo Banco, which was carved out of Banco Espirito Santo in 2014 and sold to U.S. fund LoneStar last year, to be in default.

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France's Engie considers offer for EDP Renovaveis - Bloomberg 25 Jun 2018

French energy group Engie is considering a bid for the 7.3 billion-euro (£6.4 billion) renewables unit of Portuguese power firm EDP-Energias de Portugal SA, Bloomberg reported on Monday.

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Altice selling stakes in French, Portuguese telecom towers to cut debt 20 Jun 2018

PARIS Dutch-based telecoms and cable group Altice plans to raise 2.5 billion euros (£2.2 billion) from selling stakes in its telecoms towers businesses in France and Portugal to reduce its debt, the company said on Wednesday.

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EDP sees merits in Chinese suitor's plans, but offer too low 09 Jun 2018

LISBON EDP-Energias de Portugal sees merits in the plans of suitor China Three Gorges (CTG), it said on Saturday, signalling it may be open to an improved offer after rejecting a 9 billion euro (8 billion pounds) takeover proposal as too low.

UPDATE 1-Goldman Sachs, KKR invest $360 mln in Portugal tech firm 05 Jun 2018

LISBON, June 5 Portugal's OutSystems, a platform which allows users to build software applications with minimal coding, has raised $360 million from Goldman Sachs and U.S. investment firm KKR, valuing it at more than $1 billion and allowing it to beef up its leading position in this niche market.

Goldman Sachs, KKR invest $360 mln in Portugal start-up 05 Jun 2018

LISBON, June 5 Portugal's OutSystems, a low-code application platform, has raised $360 million from Goldman Sachs and U.S. investment firm KKR, valuing the company at more than $1 billion, it said on Tuesday.

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Portugal's EDP not subject to management limits under China bid -regulator 01 Jun 2018

LISBON EDP-Energias de Portugal will remain under normal management without limitations usually imposed by takeover rules because these do not apply to the bid by the state-owned, unlisted entity China Three Gorges, market regulator CMVM said on Friday.

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U.S. imposes fresh sanctions for Russian cyber-related activity

WASHINGTON The United States on Tuesday imposed sanctions on two Russians, one Russian company and one Slovakian firm for what it said were their actions to help another Russian company avoid sanctions targeting Russia's malicious cyber-related activities.