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Portugal

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  • 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.

  • 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".

  • Antonio Barroso, senior vice president at Teneo Intelligence, and Steen Jakobsen, chief economist at Saxo Bank, discuss whether there is more trouble ahead for Portugal's banking sector.

  • *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.

  • Portugal in $6.6B rescue of Banco Espirito Santo Sunday, 3 Aug 2014 | 8:05 PM ET

    Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis.

  • LISBON, Aug 3- Portugal will spend 4.9 billion euros to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.

  • LISBON, Aug 3- Troubled Portuguese lender Banco Espirito Santo is expected to be split into "bad" and "good" banks under a multi-billion euro state rescue plan being hashed out by Lisbon and EU authorities, people familiar with the talks said on Sunday.

  • PARIS, Aug 1- Shares trimmed losses and the dollar dipped on Friday after the U.S. reported job growth slowed more than expected in July and the unemployment rate unexpectedly rose, easing worries that interest rates will rise soon.

  • LISBON/ LONDON, July 31- Portugal's hopes of drawing a line under the financial and governance troubles of Banco Espirito Santo were dashed on Thursday as investors took fright at massive losses and revelations of potential illegal activity at the country's largest listed bank.

  • *Bank of Portugal suspends BES risk, compliance, audit staff. LONDON/ LISBON, July 30- Laws may have been broken at Portugal's Banco Espirito Santo during a catastrophic six months that saw it lose 3.6 billion euros, the bank's new management said on Wednesday, as they vowed to raise new cash to bolster finances and to investigate the losses.

  • *Bank of Portugal suspends BES risk, compliance, audit staff. LONDON/ LISBON, July 30- Laws may have been broken at Portugal's Banco Espirito Santo during a catastrophic six months that saw it lose 3.6 billion euros, the bank's new management said on Wednesday, as they vowed to raise new cash to bolster finances and to investigate the losses.

  • How a Portuguese banking mess took down a dynasty Wednesday, 30 Jul 2014 | 9:23 AM ET
    Ricardo Salgado, chief executive officer of Banco Espirito Santo SA.

    The Espirito Santo dynasty totters amid a financial scandal that's threatened to re-ignite Europe's financial crisis. Global Post reports.

  • Philippe Bodereau, global head of financial research at PIMCO, says the problems associated with Banco Espirito Santo do not threaten the financial stability of euro zone banks.

  • Lisbon rallies as European shares edge higher Wednesday, 23 Jul 2014 | 12:56 PM ET

    *Investors keeping wary eye on Ukraine crisis. LONDON, July 23- Portugal's stock market outperformed other European bourses on Wednesday, rallying after investors bought stakes in the country's troubled lender Banco Espirito Santo.

  • *Rioforte owes Banco Espirito Santo 220 million euros. The announcement from Rioforte came less than an hour after Banco Espirito Santo, which the family founded, said that two heavyweight U.S. investors had taken a combined stake of almost 5 percent in BES.

  • *Rioforte owes Banco Espirito Santo 220 million euros. The announcement from Rioforte came less than an hour after Banco Espirito Santo, which the family founded, said that two heavyweight U.S. investors had taken a combined stake of almost 5 percent in BES.

  • LISBON, July 21- Portugal's president warned on Monday that fallout from the financial troubles of the founding family of Banco Espirito Santo could affect the wider economy, while the bank said it was appointing a special financial advisor to help boost its capital structure.

  • How the 'Teflon euro' has stayed resilient Monday, 21 Jul 2014 | 11:34 AM ET
    Mario Draghi

    The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.

  • LISBON, July 21- Portugal's Banco Espirito Santo is appointing a special financial advisor to help it raise capital to cope with large debts at the bank's founding family.

  • *Angola central bank says BES's Angola unit needs capital increase.