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Portugal

Portugal Shifts to Bank Resolution Fund; Revises Loan Terms

Portugal banks revises Loan terms

The banks in Potugal had a lot of issues to solve after failing to sell Novo Banco. This has made a lot adjustments that needs to be done by the banks.

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SPAIN-ECONOMY-BANK-CAIXA

CaixaBank may acquire Isabel Dos Santos' stake in BPI

Spain-based Caixabank is planning to buy the stake of Isabel Dos Santos in Portugal's Banco BPI SA. The negotiations over the acquisition are still going on and may be completed soon.

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Fossilized bone

Neutron Beam Helps You Unravel Your Burned Bones

Specialists from Portugal are utilizing a neutron beam to ponder the molecular changes that happen when a bone burns. The examinations, under way at Isis Lab in Oxfordshire, are aimed at solving an issue for archaeologists and forensic scientist. When bones get hot, they start shrinking, making the age, sex and size of their real owner much more hard to build, as reported by BBC.

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Berlin

No more Blue Banana, Europe's industrial heart moves east

Once depicted as a "Blue Banana" stretching from Manchester to Milan, Europe's industrial heartland has moved eastwards just as its political center of gravity has shifted to Germany.

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Greek Prime Minister Alexis Tsipras

Greek PM accuses Spain, Portugal of anti-Athens 'axis'

Greece's leftist Prime Minister Alexis Tsipras accused Spain and Portugal on Saturday of leading a conservative conspiracy to topple his anti-austerity government, saying they feared their own radical forces before elections this year.

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Portugal Telecom

Portugal Telecom shareholders postpone vote on asset sale

Portugal Telecom SGPS (PTC.LS) shareholders on Monday postponed until Jan. 22 a vote on the sale of its former operations by its merger partner, Brazil's Oi (OIBR3.SA), complicating the 7.4 billion euro ($9 billion) deal and possibly casting doubts on the long-agreed deal.

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Factory workers

Unemployment at record low in Germany, record high in Italy

Germany's unemployment rate dropped to a record low of 6.5 percent in December while Italy's pushed up to a new high of 13.4 percent, underscoring the vast differences within the struggling euro zone economy.

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Euro Notes

Draghi drives euro to four and a half year low

The euro took another downward lurch on Friday, sinking to a 4-1/2 year low against the dollar on clear indications that the European Central Bank will soon embark on outright money-printing.

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Novo Banco

Apollo Global may bid for Portugal's Novo Banco

Private equity firm Apollo Global Management LLC (APO.N) is considering making a bid for Portuguese lender Novo Banco SA, the bank carved out of Banco Espirito Santo SA (BES) (BES.LS), Bloomberg reported, citing people familiar with the matter.

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Brazil's largest fixed-line telecoms group Oi

Telecoms group Altice set to buy Oi's Portugal operations

Telecoms group Altice SA (ATCE.AS) has agreed to buy the Portuguese operations of Brazil's Grupo Oi (OIBR3.SA) for about 7.4 billion euros ($9.2 billion), in what will be its third large acquisition this year.

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Frankfurt, Germany

ECB faces test of its own as Europe braces for landmark banking review

After putting the euro zone's top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday - will its landmark health check succeed in convincing investors the region's lenders are safe?

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Novo Banco

Portugal sounds out Spanish banks on Novo Banco sale: sources

Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with the talks said on Tuesday.

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Actavis

Actavis exits stake in China joint venture to Chiral

Dublin, Ireland-based pharmaceutical firm Actavis sold its stake in Chinese subsidiary Actavis (Foshan Pharmaceutical Co) for an undisclosed sum because of its limited presence in the country.

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NeuroNation

Spiegel picks up stake in Berlin brain-training startup NeuroNation

Hamburg, Germany-based publishing group Spiegel.net has partnered with accelerator XLHealth to acquire a 25% stake in Berlin-based brain-training startup NeuroNation for an unconfirmed seven-figure sum.

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Caixa Geral de Depositos

China's Fosun International Ltd to buy insurance arm of Portugal's state bank for €1B

The insurance unit of Portugal's Caixa Geral de Depositos SA will be acquired by China's Fosun International Ltd in a deal worth €1 billion, Reuters reported.

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