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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.
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 ...
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.
Mantega Says Brazil Savings Rule Change to Allow Lower Selic
“The Brazilian Finance Ministry has sent a very clear message to the Brazilian central bank,” said Jankiel Santos, chief economist at Espirito Santo Investment Bank in Sao Paulo. “Don't worry about obstacles to trimming the Selic target rate. We're ...
State grid planning US$10bn regional investment through 2015
Chinese transmission company State Grid Corp plans to invest US$10bn in regional expansion through to 2015, the company's director of development Qu Yang revealed at the 2nd BNamericas Hydro Power Summit Latin America in S�o Paulo.
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