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Banks Battling European Debt Crisis Lose on African Deals
May 8 (Bloomberg) -- The colonial ties that bound French and Portuguese banks such as BNP Paribas SA and Banco Espirito Santo SA to Africa are being loosened by the European debt crisis. Lenders from Lisbon and Paris are retreating from funding ...
Portugal's Asset Sales Draw Foreign Bids, Boutique Firms
As advisers on the sale of stakes in EDP and REN, Portugal hired state-owned Caixa Banco de Investimento SA and Perella Weinberg Partners LP.
European Stocks Drop as ECB Pauses Greek Bank Lending
Banco Espirito Santo SA dropped 9.4 percent to 48.2 euro cents, the lowest since at least April 1993. A gauge of banking shares was the second-worst performer of the 19 industry groups in the Stoxx 600.
Soccer Rulers Slam Player-Trade Investment as Outsiders Cash In
Soccer's world and European governing bodies want to ban the purchase of stakes in player-trade rights, an investment that earned a 64 percent return on a single bet for a fund managed by Banco Espirito Santo SA. The bets on younger players, which ...
Asian Stocks, Oil, Yen Fall on Greek Talks, Japan Orders
Banco Espirito Santo SA, Portugal's biggest publicly traded lender by market value, sank 8.3 percent as first-quarter profit dropped 84 percent.
Portuguese Banks Drop to Lows on Spain, Greece: Lisbon Mover
Banco Espirito Santo SA, Portugal's biggest publicly traded bank, rose 2.9 percent to close at 49.6 euro cents after falling as much as 6.4 percent during Lisbon trading today.
Rank Group, ING, Invensys, Vallourec: European Equity Preview
May 13 (Bloomberg) -- The following companies' shares may have unusual moves in European trading. Stock symbols are in parentheses.
Spain's Bankia Group Renegotiates $13 Billion of Assets
“It's a very big number and it's just for 2011,” said Juan Pablo Lopez, an analyst at Espirito Santo Investment Bank in Madrid, who rates Bankia a sell.
Sixth Circuit: Wax Seal on Maker's Mark Bourbon Is Protected
The U.S. Court of Appeals for the Sixth Circuit has found that the red wax seal on the Maker's Mark bourbon whiskey is protected trade dress.
Telefonica CEO Trapped With Telecom Italia Stake Faces Writedown
May 7 (Bloomberg) -- When Telefonica SA Chairman and Chief Executive Officer Cesar Alierta told investors in April last year that an alliance with Telecom Italia SpA would generate 1.5 billion euros ($2 billion) in cost savings, shareholders in the ...