• 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
    We trust the ECB: Portuguese politician

    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...

  • European bonds: It's every country for itself now Thursday, 16 Oct 2014 | 1:32 PM ET
    A visitor walks beneath a display at the Athens Stock Exchange, Oct. 15, 2014.

    After more than a year of interest rates across Europe moving lower in lockstep, the last 24 hours show a breakdown.

  • 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.

  • Leaders of Portugal's bailed-out Novo Banco quit Saturday, 13 Sep 2014 | 2:16 PM ET

    The rebuilding of Portugal's Novo Banco - the successor to Banco Espirito Santo (BES) after a state rescue last month - was dealt a blow on Saturday.

  • Portugal bites the bullet on a bank bailout Monday, 4 Aug 2014 | 10:05 AM ET

    Portugal bailed out Banco Espirito Santo (BES), its biggest bank. Get used to seeing this.

  • Pedestrians carry umbrellas past an Banco Espirito Santo SA branch in Lisbon, Portugal.

    The $6.6 billion bailout of Portugal’s largest bank poses a warning on exposure to “fragile” emerging markets, analysts have cautioned.

  • Portugal rescues Banco Espirito Santo for $6.6 billlion

    They are going to split this bank up into two banks - the "good" bank and the "bad" bank, reports CNBC's Michelle Caruso-Cabrera on the rescue of Portugal's biggest bank.

  • Is Portugal heading for a debt restructuring?   Monday, 4 Aug 2014 | 4:20 AM ET
    Is Portugal heading for a debt restructuring?

    Edward Hugh, independent economist, says that the Banco Espirito Santo bailout raises the question of whether a debt restructuring will be needed and who would be "carrying the can".