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Portugal

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  • LISBON, Portugal— The fate of the European Central Bank's aggressive plan to stimulate the economy out of stagnation lies with the 340 million people in the 19- country euro alliance. The ECB plans to pump more than 1 trillion euros in new money into the region's economy. —Mario Polegato, billionaire chairman of Italian shoe company Geox SpA:.

  • LISBON, Portugal— Portugal Telecom shareholders have approved the sale of the company's Portuguese assets to France's Altice for 7.4 billion euros. Portugal Telecom SGPS, SA said the sale was endorsed at a shareholder meeting Thursday. PT merged with Brazil's Oi last year, with the Portuguese company holding a 25 percent stake in the new group.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • LISBON, Portugal— The successful bidder in the upcoming privatization of Portugal's national airline won't be able to make mass layoffs for at least two-and-a-half years after taking control, the Portuguese government said Thursday. The government, announcing the terms and selection criteria of the planned sale, said it negotiated that and other...

  • Jan 15- The European Central Bank will almost certainly embark on a sovereign bond purchase program, and possibly announce one as soon as next week, according to economists in a Reuters poll. After exhausting almost every other policy tool- interest rates are rock-bottom, banks have been flooded with cheap cash and financial securities snapped up- buying...

  • BRUSSELS, Jan 15- The following is the text of a discussion paper sent by EU foreign policy chief Federica Mogherini to the 28 members of the European Union, spelling out options for future relations with Russia. In this context the question arises whether to complement that policy with a more proactive approach in order to induce a policy change from Russia.

  • LISBON, Jan 15- The future buyer or buyers of Portugal's flag carrier TAP will be barred from laying off workers en masse as long as the state remains a shareholder, the government said on Thursday. At a cabinet meeting on Thursday, the government approved a prospectus with conditions for TAP privatisation, which also include preserving TAP's status as the...

  • BRUSSELS, Jan 14- European Union foreign policy chief Federica Mogherini has suggested EU states could re-engage with Russia on global diplomacy, trade and other issues in return for gradual steps to defuse the crisis over Ukraine. Lamenting "negative spillover" from Ukraine into many areas of cooperation with Russia, and noting recent EU threats to step up...

  • LISBON, Dec 12- Portugal Telecom SGPS has called a general shareholder meeting on Jan. 12 to vote on telecoms group Altice's planned acquisition of Portuguese operations from Brazil's Oi for 7.4 billion euros. PT SGPS now has no assets other than the stake in Oi and 900 million euros in defaulted debt by a bankrupt holding company of the Espirito Santo family.

  • LISBON, Dec 5- Telecoms group Altice's plan to buy the Portuguese operations of Brazil's Oi for 7.4 billion euros depends on winning the backing of shareholders in Portugal Telecom SGPS, the holding company which owns 25.6 percent of Oi, a spokesman for Portugal Telecom said. Lisbon- listed Portugal Telecom SGPS is the target of a 1.2 billion-euro takeover offer...

  • Germany's DAX extends rally; OPEC sinks energy firms Thursday, 27 Nov 2014 | 10:32 AM ET

    *Energy shares under pressure as OPEC maintains supply. LONDON, Nov 27- European shares rose on Thursday led by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank. At the same time weak inflation data raised again the spectre of deflation in the region,...

  • European shares rise, boosted by Germany's DAX Thursday, 27 Nov 2014 | 7:34 AM ET

    *Energy shares under pressure ahead of OPEC meeting. LONDON, Nov 27- European shares rose on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank. At the same time Spanish and Italian stocks rose as expectations mounted that the European Central Bank would buy bonds.

  • *Energy shares under pressure ahead of OPEC meeting. PARIS, Nov 27- European shares inched up in early trade on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank. "The results are better-than-expected, thanks to sales from its liquor and spirits division, as well as better...

  • LISBON, Nov 13- Portugal's recently-privatised postal service CTT left the door open on Thursday to joining the bidding for PT Portugal, the local operating business of Portugal Telecom which is now owned by Brazilian group Oi, saying it was monitoring the sale process. Oi has said it might sell Portugal Telecom's operations in Portugal after its protracted...

  • UPDATE 1-Bain, Apax join bid battle for Portugal Telecom Wednesday, 12 Nov 2014 | 7:51 AM ET

    LISBON/ PARIS, Nov 12- Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros to buy the Portuguese operating business of Portugal Telecom from Brazil's Oi, rivalling last week's offer from telecoms group Altice. Oi is considering selling Portugal Telecom assets to reduce its debt of over $18 billion, which would...

  • LISBON, Nov 11- Angolan investor Isabel dos Santos said on Tuesday she was willing to change the terms of her bid to buy Portugal Telecom if necessary, to prevent Brazil's Oi from selling PT's assets to a rival party. Dos Santos launched the bid for Portugal Telecom, a holding company with a 25.6 percent stake in the combined Oi-PT company, partly in an attempt to...

  • We trust the ECB: Portuguese politician  Thursday, 6 Nov 2014 | 3:30 AM ET

    Bruno Maçães, Secretary of State for European affairs for Portugal, says the European Central Bank has delivered on its commitment to help the euro zone economy but further structural reform is needed.

  • LONDON, Oct 30- "Who's got all the copper?" The answer, according to the Wall Street Journal, is Red Kite, the specialist metals hedge fund set up by Michael Farmer, a man who was trading the copper market before many younger readers were born. Today's LME dominant positions report WHL> shows one entity owning 80 to 90 percent of "live" copper tonnage in the LME warehouse...

  • FRANKFURT/ MADRID, Oct 29- E.ON is asking bidders to submit binding offers for its Spanish business by Nov. 3, in a sale likely to fetch as much as 2.2 billion euros to help Germany's top utility cut debt, three people familiar with the matter said. Potential bidders include Australia's Macquarie, private equity firm CVC Capital Partners and Spain's largest utility...

  • *Expectations for a "big bang" style revamp not high in Europe. *Market expects a handful of failures from Europe's stress tests. But expectations for a "big bang"- style restructuring of the banking sector are low, given the political sensitivities at play, and instead the market is factoring in just a handful of failures out of the 130 banks set to be tested, with a few...