The Bank of Portugal has been accused by Goldman Sachs of violating the basic principles of the rule of law, over its decision to leave the €835 million Goldman’s Oak Finance invested in BES, in BES.
Goldman Sachs, the vampire squid of legend, has promised to engage all legal means to challenge the decision of the Bank of Portugal to put Oak Finance's BES investment into the BES ‘bad bank.’
Spain’s CaixaBank has launched a takeover bid for Banco Português de Investimento (BPI) at €1.329 a share.
CaixaBank has launched the tender offer for Portugal’s high street lender, led by Fernando Ulrich, at a price that represents a 27% premium to Monday’s close.
The dumping of plastic at sea has increased so critically that scientists say that now more is dumped every year than was even produced annually in the 1960s.
Each foot of the world’s coastlines now has on average the equivalent of five plastic shopping bags which themselves are full of more plastic, according to scientists.
Wild boars in Italy are proving to be a growing menace as they have taken to colonising towns and cities.
The animals have been seen around the outskirts of Rome, Genoa and Naples as well as other cities, feeding on refuse and rubbish bins along with destroying gardens in their search.
Dragons’ Den investors may be regretting their rejection of Wrap it Up!, a ‘natural’ fast-food chain which has McDonald’s, KFC and Burger King on the run.
Wrap It Up! is one of several new “healthy” fast food players which provide alternatives to quick hamburgers and traditional sandwiches. Hot wraps and salad boxes are made to order right in front of the customer.
Former politican Duarte Lima, sentenced to ten years in prison for fraud and money-laundering last November, has demanded a re-trial and aquittal.
Lima's defence said today that the original sentence was legally flawed, Lima claims that it was not proved that he had acted "knowingly and wanting to cause material harm to Banco Português de Negócios (BPN) or the Homeland Fund."
One of Vila Real de Santo António’s most emblematic buildings is at last to have a new lease of life as the river front Grande Hotel Guadiana is to be redeveloped and leased to a South African leisure company.
The contract for the hotel’s rebirth was won in an open competition by a group of Portuguese businessmen who already have a contract with the Grand Africa company.
Rolls-Royce has fought back against allegations of paying bribes by saying it does not “tolerate improper business conduct of any sort”.
The Financial Times reported that the firm has been implicated in the bribery scandal fascinating Brazilians over its oil company Petrobras.
