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Stock Market & Financial Investment News

News Breaks
July 15, 2014
07:16 EDTPTPortugal Telecom may be hit by default from Espirito Santo investment, WSJ says
Portugal Telecom could be hit by a default from an investment it made with Espirito Santo International, which was found to be in a "seriously financial condition" by the country's central bank, the Wall Street Journal reports. PT previously disclosed that it had $1.22B in commercial paper from Espirito Santo's Rioforte. Reference Link
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July 21, 2014
10:18 EDTPTCVM could take weeks to examine new Oi-PT merger deal, Reuters says
Brazil securities watchdog CVM could need weeks to fully examine the new terms of a merger agreement between Grupo Oi and Portugal Telecom which require Portugal Telecom to set aside more treasury-held shares, according to Reuters, citing comments from former CVM president Maria Helena Santana. Reference Link

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