Portugal

ECB says Portugal's Novo Banco won't be part of health checks

FRANKFURT, Oct 10 - Portugal's Novo Banco, created from the bailout of Banco Espirito Santo, will not be part of the European Central Bank's bank health checks, the ECB said on Friday.

Portugal sounds out Spanish banks on Novo Banco sale: sources

MADRID - Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with the talks said on Tuesday.

Spain, Deals 30 Sep 2014

Europe new car registrations rise 1.8 percent in August: ACEA

FRANKFURT - Car sales in Europe rose 1.8 percent in August with volume makers Volkswagen , Ford and Opel benefiting from improved demand in Spain, Portugal and Ireland, while premium makers lost ground due to a drop in sales in Germany.

Ireland, Spain 17 Sep 2014

Goldman partner says Novo Banco should attract foreign bidders

LISBON, Sept 16 - Portugal's Novo Banco, the successor to Banco Espirito Santo (BES) after a state rescue, will likely attract bids from foreign banks, a partner at U.S. investment bank Goldman Sachs said on Tuesday.

EU regulators expect Novo Banco sale to proceed as agreed

BRUSSELS - European Union state aid regulators expect Portugal to sell Novo Banco, the successor to troubled Banco Espirito Santo (BES) , in line with a pledge made in return for regulatory approval of its 4.9-billion-euro state bailout.

15 Sep 2014

Bank of Portugal picks new CEO for BES successor Novo Banco

LISBON - The Bank of Portugal on Sunday picked a new chief executive for Novo Banco, successor to Banco Espirito Santo (BES), following the embarrassing resignation of its three top managers appointed only two months ago.

14 Sep 2014

Bosses charged with rebuilding Portugal's BES bank quit after two months

LISBON - 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 with the resignation of the three men handpicked by the central bank in July to turn BES round.

13 Sep 2014

Portugal confident it will meet 2014 fiscal targets -PM Coelho

ATHENS, Sept 9 - Portugal is confident it will meet the fiscal targets it has set for this year and will stay on a course of reforms to make its economy stronger, Prime Minister Pedro Passos Coelho said on Tuesday.

Bonds, Markets, Financials, 09 Sep 2014

Yield-hungry investors snap up Portugal 15-yr bond as ECB eyed

* German 5-yr debt sale hurt by shrinking yields, Ukraine (Updates prices into close)

Bonds, Markets, Financials, 03 Sep 2014
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Consumed by Islamic State, Iraq's Anbar province a key battleground again

BAGHDAD - In recent weeks, the world has watched the battle to save Syria’s border town of Kobani from Islamic State. But the radical jihadists have for longer been engulfing another strategically more vital target - Iraq’s western Anbar province and its road to Baghdad.