Edition:
International

Portugal

Portugal's Resolution Fund seeks syndicated loan to inject into Novo Banco

LISBON, May 4 Portugal's state-backed Resolution Fund wants to negotiate a large loan from a group of banks to shore up the capital of lender Novo Banco, which was carved out of the collapsed Banco Espirito Santo (BES).

UPDATE 1-Portuguese economy shrinks in first quarter amid lockdown

LISBON, April 30 Portugal's economy contracted 3.3% in the first quarter from the preceding three months, hit by a nationwide lockdown imposed in mid-January to combat what was then the world's worst surge of COVID-19 infections, official data showed on Friday.

Markets, Healthcare, Apr 30 2021

Novo Banco CEO expects brighter future after deeper 2020 loss

LISBON, March 26 Losses at Portugal's Novo Banco, which was carved out of the collapsed Banco Espirito Santo, widened 25% in 2020 to 1.3 billion euros ($1.5 billion) after provisions for credit and asset risks and the coronavirus crisis.

Confront your colonial past, Council of Europe tells Portugal

(Corrects paragraph 3 to say memorial will feature sugar cane, not palm trees)

World, Mar 24 2021

Altri hires Lazard to prepare listing of renewables unit in Lisbon

LISBON, March 18 Portugal's pulp producer Altri said on Thursday it had hired financial advisers Lazard to prepare a stock market listing of its renewable unit Greenvolt on the Lisbon bourse, as it aims to shift from biomass to solar and wind energy.

EDP Renovaveis raises 1.5 billion euros to help fund investment

LISBON, March 3 Portugal's EDP Renovaveis has raised 1.5 billion euros ($1.8 billion) in an accelerated capital increase to help fund investment to 2025, the renewable energy unit of top utility EDP said on Wednesday.

UPDATE 2-Plan for new Lisbon airport blocked, government pushes for solution

LISBON, March 2 Portugal's aviation regulator on Tuesday refused to evaluate a plan to build a new airport in Lisbon, in the latest setback for one of the country's largest infrastructure projects, but the government said it would push for a solution.

UPDATE 1-Tourism-dependent Portugal posts worst GDP slump since 1936

LISBON, Feb 26 Portugal last year recorded its steepest economic contraction since 1936 as both domestic and external demand weakened due to the COVID-19 pandemic, especially in tourism.

Markets, Feb 26 2021

UPDATE 1-Portugal's Millennium bcp 2020 profit drops 39% on COVID-19 provisions

LISBON, Feb 25 Portugal's largest listed bank Millennium bcp on Thursday reported a 39.4% drop in its 2020 net profit to 183 million euros ($223.83 million), hit by higher impairments and provisions in the wake of the COVID-19 pandemic.

Portugal's Millennium bcp 2020 profit drops 39% on COVID-19 provisions

LISBON, Feb 25 Portugal's largest listed bank Millennium bcp on Thursday reported a 39.4% drop in its 2020 net profit to 183 million euros ($223.83 million), hit by higher impairments and provisions in the wake of the COVID-19 pandemic.

Photo

China says rocket debris landed in Indian Ocean west of Maldives

BEIJING Remnants of China's biggest rocket landed in the Indian Ocean on Sunday, with the bulk of its components destroyed upon re-entry into the Earth's atmosphere, according to Chinese state media, ending days of speculation over where the debris would hit.