The $6.6 billion bailout of Portugal’s largest bank poses a warning on exposure to “fragile” emerging markets, analysts have cautioned.» Read More
MADRID— Spanish fashion retailer Inditex said Wednesday it has withdrawn a children's shirt that triggered an outcry from people who said it was reminiscent of the clothes Jews were made to wear at Nazi concentration camps.
Regulators decided on Aug. 3 to put its healthy assets into a new entity, Novo Banco, and leave family borrowings, shareholders and junior creditors behind in BES.
SYDNEY, Aug 19- London copper held steady on Tuesday as brighter prospects for the U.S. economy were chilled by caution over China's stuttering property market, while a stronger dollar sapped a rebound from seven-week lows.
*Senior bondholders in Banco Espirito Santo spared pain. FRANKFURT, Aug 13- Portugal is making the same costly mistake as Ireland by rescuing a troubled bank and largely sparing its bondholders losses, one of the architects of Ireland's bailout has warned.
*Ukraine/ Russia sanctions keep stock markets on back foot. LONDON, Aug 7- Concerns about Portugal's banking system and tensions between Western powers and Russia pulled down European stock markets on Thursday.
*Ukraine/ Russia sanctions keep stock markets on back foot. LONDON, Aug 7- Concerns about Portugal's banking system hit the Lisbon market on Thursday and weighed on European shares, which were also kept in check by tensions between Western powers and Russia.
*Concerns over Portuguese banks hits Lisbon market. LONDON, Aug 7- Concerns about Portugal's banking system hit the Lisbon stock market on Thursday and weighed on European equities, which were also kept in check by tensions between Western powers and Russia.
PARIS, Aug 7- Exchange operator Euronext posted a 4.6 percent increase in quarterly operating profit on Thursday, boosted by cost cutting and a rise in stock market listings, and said it would accelerate its cost-savings plan.
PARIS, Aug 7- European stocks dipped in early trade on Thursday, extending a week-long slide as tensions between the West and Russia continued to spook investors. The DAX, which hit a near-five month low on Wednesday, has lost 10 percent since mid June, hurt by worries that the Ukrainian crisis and sanctions against Russia could derail Germany's economic recovery.
FRANKFURT/ MADRID, Aug 5- Bidders are readying indicative offers for the Spanish assets of Germany's top utility E.ON, three sources familiar with the matter told Reuters, adding bids would value the whole portfolio at about 2 billion euros.
NEW YORK, Aug 4- Bond prices rallied and European bank stocks rose on Monday after Portugal devised a plan to prevent the collapse of one of its biggest lenders.
*Berkshire Hathaway shares up after results. *Michael Kors shares reverse premarket move, fall 5.5 pct. NEW YORK, Aug 4- U.S. stocks rose in morning trading on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.
Portugal bailed out Banco Espirito Santo (BES), its biggest bank. Get used to seeing this.
FRANKFURT/ ATHENS, Aug 4- Brussels is considering scrapping the troika that supervises Greek reforms to allow Athens to pursue its own plan to bolster the economy in return for a drip-feed of debt relief, European officials say.
LONDON- Europe's largest bank HSBC warns that regulators' zeal to punish wrongdoing is putting its staff off taking reasonable business risks, as it reports a 12 percent drop in first-half profit. Portugal in $6.6 bln rescue of Banco Espirito Santo.
ATHENS, Aug 4- Incoming European Commission President Jean-Claude Juncker played down on Monday the option of an outright writing off of part of the euro zone loans to Greece to make the country's debt more manageable.
LONDON, Aug 4- European stocks rose on Monday and bond yields fell on a banking sector rebound after Portugal prevented the collapse of one of its biggest lenders and shares in the continent's largest bank jumped in the wake of its latest earnings report.
LONDON, Aug 4- The German and Swiss stock markets were the worst performers in Europe on Monday, as the impact of sanctions against Russia pegged back equities and offset some relief over a rescue deal for Banco Espirito Santo.
LONDON, Aug 4- Investors breathed a sigh of relief on Monday after Portugal prevented the collapse of one of its biggest banks, putting some life back into European stocks following last week's slide and pushing bond yields lower across the board.
*Concerns on sanctions on Russia, Argentine default trigger selling. MSCI's broadest index of Asia-Pacific shares outside Japan managed to gain 0.4 percent, largely as Chinese shares continued to rally on signs that economy was regaining momentum after a spate of stimulus measures.