Portugal's deficit rises after bank loan is included
AP - Wed Sep 23, 6:28AM CDT
LISBON, Portugal (AP) — Portugal's statistics agency has revised sharply upward the country's 2014 budget deficit, from 4.5 percent to 7.2 percent, after the Treasury failed to recoup a loan it made to a bank.
Low offers force postponement of Portuguese bank sale
AP - Tue Sep 15, 1:04PM CDT
LISBON, Portugal (AP) — The Bank of Portugal says it is postponing the sale of Novo Banco, the so-called good bank salvaged from last year's collapse of major lender Banco Espirito Santo, explaining that the offers it received were too low.
Portugal struggles to sell rescued bank
AP - Tue Sep 01, 8:29AM CDT
LISBON, Portugal (AP) — Portugal is having trouble selling Novo Banco, the so-called good bank salvaged from last year's collapse of major lender Banco Espirito Santo.
Haitong Kicks Off Wave Of Cross-Border Brokerage Ties
Doug Young - at Seeking Alpha - Tue Dec 09, 3:58PM CST
Bottom line: Haitong's purchase of a Portuguese investment bank marks the start of a new wave of cross-border tie-ups in the financial services sector, which could fuel a rally in stocks of Chinese brokerages. A new wave of Sino-foreign tie-ups in...
European Stocks Rise on Hopes for ECB Monetary Stimulus
at The Street - Fri Dec 05, 5:14AM CST
Better-than-expected German factory orders and perpetual hopes of eurozone monetary stimulus boosted European stocks on Friday.