After more than a year of interest rates across Europe moving lower in lockstep, the last 24 hours show a breakdown.» Read More
LISBON, Portugal— A ban on the short-selling of Portugal Telecom shares helped the stock rebound following a plunge that analysts say leaves it vulnerable to a takeover bid. The shares spiked 11 percent at 1.09 euro Thursday in Lisbon, ending days of losses, which saw the company's market value slump to below 900 million euros. The troubles at Portugal Telecom...
*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...
LISBON, Portugal— The Portuguese government's plan to privatize debt-heavy public transport companies is meeting tough opposition from trade unions as Lisbon subway workers walked off the job for the 12th time this year. Transport workers are among Portugal's most militant labor groups, and the third stoppage in two months stranded many Lisbon commuters.
LISBON, Portugal— Portugal's government is extending into 2015 the main features of its unpopular austerity program, resisting the temptation to sweeten its policies for an election year as it battles to restore the weakened country's financial health. Portugal is still recovering from near-bankruptcy in 2011, when it needed a 78 billion euro...
Oct 6- Billionaire Patrick Drahi's cable and telecoms company Altice SA is looking to acquire the Portuguese assets of Brazilian carrier Oi SA, a source familiar with the matter told Reuters. Portugal Telecom has already transferred its local assets to Oi and retains a minority stake in the enlarged carrier, Bloomberg reported on Monday, citing a source...
*Mood swing from austerity seen helping France's case. PARIS, Sept 30- From Athens to Madrid and Dublin to Rome, France can count on a sympathetic hearing in several European capitals in its campaign for leniency over the latest broken promise to bring its public finances into shape.
FRANKFURT, Sept 25- It has been billed as a make or break moment for Europe's banks: the publication of rigorous industry-wide health checks next month after three previous tests failed to spot problem lenders.
LONDON, Sept 4- European shares rose on Thursday, with a key benchmark briefly hitting a 6-1/ 2 year high, as the European Central Bank further cut interest rates and unveiled plans to buy assets in a bid to shore up inflation in the euro zone.
LISBON, Aug 29- On June 9, with his 150- year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. The "cartas-conforto"- letters of comfort- were written on the letterhead of Banco Espirito Santo, a large lender controlled by the family.
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.