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  • *Portugal Telecom salvages Oi merger but cuts stake. *Portugal Telecom shares jump in relief. LISBON, July 16- Portugal Telecom has been forced to take a cut in its share of the merger with Brazil's Grupo Oi after a holding company of the Espirito Santo family failed to repay more than $1 billion it owed to the telco.

  • European shares recover as BES and miners bounce back Wednesday, 16 Jul 2014 | 6:14 AM ET

    *FTSEurofirst 300 up 1 pct, Euro STOXX 50 up 1.2 pct. LONDON, July 16- European equity markets recovered on Wednesday from losses in the previous session as a rebound in Banco Espirito Santo and in mining stocks lifted the region's bourses.

  • *China data lifts stocks, oil and metals outlook. LONDON, July 16- Stocks rose in Europe on Wednesday after China reported economic growth figures that were slightly stronger than markets had expected, although the reaction in Asia was more muted. The China data helped push Shanghai zinc and London aluminium close to their highest in more than a year.

  • Espirito Santo: 'Not a systemic situation'     Wednesday, 16 Jul 2014 | 4:20 AM ET

    Alberto Gallo, head of European macro credit research at RBS, discusses the financial difficulties the Espirito Santo family of companies is facing and says that it is not a systemic situation for Portugal.

  • European shares buoyed after miners receive China boost Wednesday, 16 Jul 2014 | 4:04 AM ET

    Dutch blue chip toolmaker ASML, down 1 percent, and Swedish telecoms firm Tele2, down 1.1 percent, both reported better-than-expected quarterly earnings but had a cautious tone for their full-year outlook statements. Analysts at Espirito Santo said that "uncertainty remains high" for Tele2.

  • Otto Dichtl, managing director at Stifel Nicolaus, comments on Portugal Telecom, as reports indicate that one of the holding companies of the Espirito Santo family, Rioforte, could fail to repay its debt.

  • Rio de Janeiro- based Oi and Portugal Telecom agreed to keep the terms of their merger unaltered for now, the paper said, adding that Portugal Telecom will continue to have a 37 percent stake in CorpCo, as the company resulting from the merger is known. Efforts to reach Lisbon- based Portugal Telecom were unsuccessful.

  • *Portugal jitters seen as sign of things to come. LONDON, July 15- Investors are bracing for more "mini-crises" in the euro area's periphery- like that triggered by Portugal's biggest listed bank last week- after a two-year rally that has left stocks and bonds looking pricey.

  • *Debt owed to Portugal Telecom, which is merging with Brazil's Grupo Oi. By 2200 GMT Rioforte is supposed to repay 847 million euros in maturing debt to the country's largest telecom services provider, Portugal Telecom, currently in the throes of a tie-up with Brazil's Grupo Oi, which is likely to amend the terms of the deal in the event of a default.

  • *BES plunges to record low, weighs on Lisbon stock market. LONDON, July 15- European stocks fell as declining investor morale hit Germany's benchmark DAX equity index and lingering worries over Portuguese bank BES weakened the Lisbon stock market.

  • *Default risks hurting PT's planned merger with Brazil's Oi. LISBON/ PARIS, July 13- Investors in Portugal Telecom, and notably its Brazilian merger partner Grupo Oi, should know by Tuesday whether more than $1 billion it lent in April to a vehicle of the troubled Espirito Santo family is being repaid on time.

  • LISBON, July 14- Portugal's top bank was under new management on Monday, installing a respected economist as chief executive under pressure from the central bank after worries about the lender's links to the financially troubled Espirito Santo empire had unsettled international markets.

  • Global flash points     Monday, 14 Jul 2014 | 7:36 AM ET
    Iraqi Shiite men brandish their weapons as they show their willingness to join Iraqi security forces in the fight against jihadist militants who have taken over several northern Iraqi cities, on June 18, 2014, in the capital Baghdad.

    Robert Hormats, Kissinger Associates vice chairman, shares his thoughts on the escalating violence in the Middle East, and weighs in on the challenges ahead for China, Brazil and Portugal.

  • Not a good weekend for US foreign policy     Monday, 14 Jul 2014 | 7:34 AM ET

    CNBC's Michelle Caruso-Cabrera reports on the ripple effects of global unrest.

  • LISBON, July 14- Portugal's financially troubled Espirito Santo family loosened its grip on the country's largest listed bank, announcing a stake sale and hastening management change after prompting from the central bank which is trying to calm investors.

  • Portuguese debt to drop 70%: Pro     Monday, 14 Jul 2014 | 2:53 AM ET

    David Salanic, founder of Tortus Capital, discusses Portuguese government bonds and explains that they could go down 70 percent.

  • Should you short Portugal?     Monday, 14 Jul 2014 | 2:40 AM ET

    David Salanic, founder of Tortus Capital, explains that he's been short on Portugal for over a year and says that it will be "very difficult" for the country to cut its deficits further.

  • Treasury prices rally on Fed hopes, Portugal woes Friday, 11 Jul 2014 | 1:10 PM ET
    Traders work in the S&P 500 options pit at the Chicago Board Options Exchange

    U.S. Treasury prices continued to rally on future Fed action and safe-haven demand stemming from worries about Portugal's biggest listed bank.

  • European shares steady as Portuguese rout pauses Friday, 11 Jul 2014 | 12:55 PM ET

    LONDON, July 11- European markets steadied and shares in Lisbon staged a small bounce on Friday as concerns eased about the health of Portugal's largest bank and its impact on the euro zone financial system. Doubts about the financial health of the family that controls BES had pulled the PSI 20 to a nine-month low on Thursday and rocked bourses across Europe.

  • *Portugal's top index rises 0.9 pct after Thursday's slump. LONDON, July 11- Portuguese shares bounced on Friday, outperforming skittish European markets, as investors decided concern over Portugal's biggest listed bank were unlikely to disrupt the country's financial system and affect lenders across the euro zone.