Portugal

Ex-BES chief Salgado named as suspect in money-laundering probe

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LISBON - An investigating judge has named Ricardo Salgado, head of Portugal's Espirito Santo banking family and former chief of Banco Espirito Santo (BES), as a suspect in a long-running money-laundering and tax evasion investigation.

Lisbon rallies as European shares edge higher

* Lisbon's PSI-20 equity index outperforms with 1.7 pct rise

Goldman Sachs says BES investment was on behalf of clients

LISBON - Goldman Sachs's 2.27 percent interest in Portugal's Banco Espirito Santo was acquired on behalf of clients, the U.S. investment bank said in a statement on Wednesday afternoon.

23 Jul 2014

RPT-CORRECTED-UPDATE 2-Espirito Santo family woes mount as Rioforte seeks creditor protection

(Repeats to additional subscribers, corrects date of DE Shaw stake acquisition in 13th par to July 14 from June 14)

CORRECTED-UPDATE 2-Espirito Santo family woes mount as Rioforte seeks creditor protection

(Corrects date of DE Shaw stake acquisition in 13th par to July 14 from June 14)

UPDATE 2-Portugal president warns Espirito Santo woes could hurt economy

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

UPDATE 3-Portugal Telecom may sue BES over unpaid family co's debt -sources

* BES-linked Rioforte holding company failed to repay $1 bln debt (Adds Portugal Telecom also likely to be sued)

UPDATE 5-Portugal Telecom loses chunk of Oi merger over unpaid Espirito Santo debt

* PT stake in merged company cut to 25.6 pct from 38 pct in old terms

Portugal's BES shares slump as group debt falls due

* Espirito Santo group must pay back 847 mln euros on Tuesday

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Israel rejects ceasefire plan, source says, as death toll nears 850

GAZA/JERUSALEM - Israel has rejected international proposals for a ceasefire in its fight against Islamist militants in Gaza, a government source said on Friday, but U.S. Secretary of State John Kerry said no formal proposals had yet been put forward. | Video