Bailouts
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*Pakistan's financing needs estimated at $6 bln- 9 bln. LAHORE, Pakistan, May 24- Pakistan's new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a senior policy adviser said on Friday.
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WASHINGTON, May 6- The Treasury Department said on Monday it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector. GM executives have chafed under the tag of " Government Motors" since its 2009 government-sponsored bailout and bankruptcy that left the U.S.
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LJUBLJANA, May 6- Slovenia is looking to sell its largest telecommunications operator and second largest bank, sources said, as its steps up efforts to shore up its finances and avoid a bailout. The Bank of Slovenia on Monday urged the government to speed up privatisations in sectors where "the market is more effective than state ownership" but gave no details.
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Spain's bailout bill could rise, some bankers and analysts fear, as the worsening economy threatens the "bad bank" and the government's attempt to sell off nationalized lenders.
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LJUBLJANA, May 6- Slovenia, which is struggling to avoid a bailout, will this year try to sell its second largest bank, state-owned Nova KBM, a government source told Reuters on Monday. "The sale of Nova KBM is on the table," the source said.
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MADRID, May 6- Spain's bill to bail out its banks may yet rise, some bankers and analysts fear, as a worsening economy hampers the government's early attempts to sell off nationalised lenders and threatens the "bad bank" housing their rotten property deals.
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MADRID, May 6- Spain's bill to bail out its banks may yet rise, some bankers and analysts fear, as a worsening economy hampers the government's early attempts to sell off nationalised lenders and threatens the "bad bank" housing their rotten property deals.
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WASHINGTON, May 6- The Treasury Department said on Monday it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector. GM executives have chafed under the tag of " Government Motors" since its 2009 government-sponsored bailout and bankruptcy that left the U.S.
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WASHINGTON, May 6- The Treasury Department said on Monday it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector. GM executives have chafed under the tag of " Government Motors" since its 2009 government-sponsored bailout and bankruptcy that left the U.S.
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WASHINGTON, May 6- The U.S. Treasury will begin another round of sales for General Motor stock acquired during the government's bailout of the auto sector, the department said on Monday.
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*Slovenia trying to show it has strategy to raise funds. LJUBLJANA, May 6- Slovenia is looking to sell its largest telecommunications operator and the second largest bank, sources said, as its steps up efforts to shore up its finances and avoid an international bailout.
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WASHINGTON, May 6- The U.S. Treasury will begin another round of sales for General Motor stock acquired during the government's bailout of the auto sector, the department said on Monday.
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*Savings worth 4.8 billion euros by 2015. By Andrei Khalip and Daniel Alvarenga. LISBON, May 3- Portugal plans to raise the retirement age by one year to 66 and make public sector employees work an extra hour per day as part of an array of new spending cuts needed to slash the budget deficit and meet its bailout targets.
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DUBLIN, May 3- Ireland has resolved a standoff with its international lenders over the timing of stress tests of the country's bailed-out banks that threatened to cloud its exit from an EU-IMF bailout at the end of the year, four sources told Reuters.
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Slovenia borrowed $3.5 billion on international markets on Thursday to shore up its ailing banks and stave off a bailout, bouncing back to finish an issue it had aborted two days earlier after Moody's cut its credit rating to junk.
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*BNP Paribas suffers from euro troubles, French stagnation. LONDON/ PARIS, May 3- Royal Bank of Scotland is expected to report its first quarterly profit in 18 months on Friday, the fruit of efforts to focus on bread and butter lending and shed the high risk assets that led to its public bailout in 2008..
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LONDON, May 2- Slovenia returned to international bond markets on Thursday in search of cash needed to recapitalise its banks and stave off a bailout, resuming a bond issue it had aborted two days ago after Moody's downgraded it to junk.
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LISBON, May 2- The Portuguese government on Thursday gave the go-ahead to the privatisation of the insurance arm of state-owned bank Caixa Geral de Depositos, expecting to complete the process before the end of the year. The sale of the two units was agreed between Portugal and its EU/IMF lenders under the terms of a 78- billion euro bailout in 2011..
