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Portugal apos;s Novo Banco 9-month Net Loss Soars 49 On Provisions

2020-12-30T18:13:14Z

CarmelaQch: Created page with " By Sergio Goncalves LISBON, Nov 16 (Reuters) - Portugal's Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo, reported a 49% leap in it..."

By Sergio Goncalves LISBON, Nov 16 (Reuters) - Portugal's Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo, reported a 49% leap in its net loss for January-September to 853 million euros ($1 billion)following provisions to discontinue its business in Spain. The bank, 75% owned by Lone Star since October 2017 and 25% by the state-backed Portuguese Resolution Fund, said late on Friday its results were also hit by provisions for bad loans. The impairments and provisions for the exit from its retail network in Spain and for higher credit risk totalled around 727 million euros, the bank said, adding it also took a hit of 187.2 million euros due to the impact of the COVID-19 pandemic. Earlier this year, sources told Reuters that Novo Banco was looking to sell its loss-making retail network in Spain, seeking to bolster its balance sheet and prevent further losses. The provisions reflect expected losses on any deal. The bank has already sold assets in France, Asia and Cape Verde. Novo Banco's recurrent net income fell 30% to 98 million euros, but the bank said the results showed its "value-creation capacity and sustainable profitability". Net interest income, [https://kynghidongduong.vn/blog/le-hoi-hoa-tam-giac-mach-ha-giang-va-nhung-diem-check-in-voi-hoa-dep-nhat.html hà giang tam giác mạch] a measure of earnings on loans minus deposit costs, increased 9.3% to nearly 373 million euros. The lender halved its non-performing loans (NPL) to 2.8 billion euros in September, after it sold problematic asset portfolios, and [https://kynghidongduong.vn/blog/le-hoi-hoa-tam-giac-mach-ha-giang-va-nhung-diem-check-in-voi-hoa-dep-nhat.html kynghidongduong.vn] cut its NPL ratio to 9.7% from 19.9% a year earlier. Portugal is going through its worst recession in almost a century due to the pandemic, with the government predicting the economy will contract 8.5% this year. ($1 = 0.8445 euros) ([http://www.dict.cc/?s=Reporting Reporting] by Sergio Goncalves; Editing by Catarina Demony and Mark Potter)

Main Page

2020-12-30T17:25:42Z

CarmelaQch:

[/sport/teampages/rangers.html Rangers] may have thrown away a 2-0 lead in their [/sport/europa-league/index.html Europa League] clash at home to Benfica on Thursday, but the tie marked an incredible 60th goal of the season for Steven Gerrard's men. No side across Europe's top 11 leagues have outscored the Gers, who have also maintained an unbeaten start to the season which is now at 22 games. Gerrard's side are desperate to stop [/sport/teampages/celtic.html Celtic] recording ten Scottish league titles in a row and they currently lead the table 11 points ahead of Neil Lennon's men albeit having played two games more. Scott Arfield celebrates scoring for Rangers in their 2-2 draw with Benfica on Thursday The game marked the 60th goal of the season scored by Steven Gerrard's (above) men RELATED ARTICLES [# Previous] [# 1] [# Next] [/sport/football/article-8993915/Manchester-United-planning-quiet-January-transfer-window-despite-missing-Jadon-Sancho.html Manchester United planning a quiet January transfer window...] [/sport/football/article-8993597/Chelsea-boss-Frank-Lampard-reveals-Christian-Pulisic-contention-Tottenham-clash.html Chelsea boss Frank Lampard praises lethal record of...] [/sport/football/article-8993689/Pep-Guardiola-vows-Manchester-City-goal-glut-way-following-FOURTEEN-year-low.html 'We'll get what we deserve': Pep Guardiola vows that a...] [/sport/football/article-8993859/Wayne-Rooney-reveals-played-game-career.html Wayne Rooney reveals he may have ALREADY played the last...] Share this article Share 35 shares While no major side in Europe can match the tally of Gerrard's team, Bayern Munich may claim to be the most clinical side in front of goal so far this term. Although the German giants trail Rangers by nine goals, they are averaging nearly three-and-a-half goals per game and the vast majority of their goals have come in the Bundesliga as well as the Champions League. In fact, Rangers saw 10 of their goals come in the Europa League qualifiers, including a 5-0 thrashing of [http://www.google.com/search?q=minnows%20Lincoln&btnI=lucky minnows Lincoln] Red Imps. Red Bull Salzburg are a surprising third on the list from Austria, but have seen 13 of their 51 goals come against unfancied teams in the Austrian Cup - winning one of their games 10-0. Bayern Munich remain the most clinical though with Robert Lewandowski (above) helping them achieve a strike rate of just under three-and-a-half goals per game Tottenham's 4-0 win over Ludogorets on Thursday makes them the top scoring English side Jose Mourinho's men also narrowly boast the best goals-per-game average in England The amount of games already played in Scotland see Celtic also high up in fourth on 48 goals, while League Cup group fixtures in the country also see many teams in the top flight feature in the list including rock bottom Hamilton. Ajax round off the top five with 44 goals much in part thanks to their incredible 13-0 Dutch top flight victory at Venlo back in October. Having played four more games than Ajax, Tottenham Hotspur in sixth are the top Premier League club with 44 goals. Even though Jose Mourinho's side have played more games than their English rivals, the Premier League leaders still boast the best goals-per-game average, [https://kynghidongduong.vn/blog/le-hoi-hoa-tam-giac-mach-ha-giang-va-nhung-diem-check-in-voi-hoa-dep-nhat.html hà giang] narrowly edging out Chelsea, Liverpool and Everton at just over two-and-a-half goals per game. Chelsea are ranked as the second best team in England and eighth overall, so goals are sure to be expected when they face their London rivals Spurs on Sunday at Stamford Bridge. Chelsea though do not trail their London rivals by much ahead of their clash on Sunday Despite being ranked down in 32nd, Barcelona are the most prolific club in Spain The Reds meanwhile are 11th overall - 10 places ahead of their Merseyside rivals - and 12 ahead of bitter enemies Manchester United. Ole Gunnar Solskjaer's men shot up the rankings thanks to their 4-1 win over Istanbul Basaksehir in their mid-week Champions League clash, while their local rivals City have paid the price for a stuttering start to the season down in 47th alongside Italian champions Juventus. Despite scoring the fewest Premier League goals outside the bottom four with nine, Arsenal's Europa League exploits and a few goals from the League Cup and Community Shield see them creep into the list in 56th. Spain's late start to the season as well as a lack of domestic cup competitions see them suffer the most, [https://kynghidongduong.vn/blog/le-hoi-hoa-tam-giac-mach-ha-giang-va-nhung-diem-check-in-voi-hoa-dep-nhat.html kynghidongduong.vn] with their top ranked team being Barcelona with 28 goals having only played 12 matches, with Real Madrid in 54th on 24 goals. <div class="art-ins mol-factbox sport" data-version="2" id="mol-9cfcae90-30c8-11eb-bf92-af70e83d67da" website have already struck SIXTY goals this season

Portugal Must Diversify Tourism-dependent Economy After Pandemic ...

2020-12-30T16:36:44Z

CarmelaQch:

By Catarina Demony LISBON, Nov 23 (Reuters) - Portugal's tourism sector is set to lose 60,000 jobs this year alone due to the impact of the coronavirus outbreak and a recovery is still far off, Tourism Secretary Rita Marques said on Monday. Some of the country's regions must diversify their tourism-dependent economy after the pandemic, Marques also told Reuters in an interview. She [http://search.un.org/search?ie=utf8&site=un_org&output=xml_no_dtd&client=UN_Website_en&num=10&lr=lang_en&proxystylesheet=UN_Website_en&oe=utf8&q=expected&Submit=Go expected] a rebound of international visits to happen by the third quarter of 2021, depending on the success of a COVID-19 vaccine, but it could take until 2023 for those to return to pre-pandemic record levels. Last year, Portugal had more than 16.4 million foreign visitors. "We know it will be hard, it will take some time," Marques said, adding that Portugal sought to be among the first to benefit when people were allowed to travel freely again. Tourism was crucial for Portugal's recovery from the 2010 economic and debt crisis and Marques is convinced it will help Portugal recover from the pandemic. However, some regions rely too heavily on tourism, she said, calling for the development of other sectors there and a boosting of their international competitiveness. Regions such as the southern Algarve, famous for its beaches and golf courses and particularly popular with British visitors, [https://kynghidongduong.vn/blog/le-hoi-hoa-tam-giac-mach-ha-giang-va-nhung-diem-check-in-voi-hoa-dep-nhat.html hoa tam giác mạch] are among the most affected. In Algarve, the tourism industry is not only suffering with the economic impact of the pandemic, which pushed the number of registered jobless up 134% to 24,088 last month from a year ago, [https://kynghidongduong.vn/blog/le-hoi-hoa-tam-giac-mach-ha-giang-va-nhung-diem-check-in-voi-hoa-dep-nhat.html kynghidongduong.vn] but also from concerns about the implications of Brexit. It is crucial not only to develop other sectors but to also attract more tourists from markets other than Britain to Algarve, Marques said. "We need to diversify...but we will work to guarantee the Algarve continues to welcome all British people - no matter what happens with Brexit," Marques said. The tourism industry contributed about 15% to Portugal's gross domestic product in 2018, latest official data show. Though the sector all but collapsed due to the pandemic, with revenues sliding nearly 65% between January and September, Marques said residents opting to spend their holidays closer to home have lent a helping hand to the sector. "I believe domestic tourism is here to stay," she said. (Reporting by Catarina Demony; Editing by Andrei Khalip and Angus MacSwan)

User:CarmelaQch

2020-12-30T13:20:41Z

CarmelaQch: Created page with "There is nothing to write about me at all. Enjoying to be a member of this site. I really wish Im useful at all Here is my homepage: [https://kynghidongduong.vn/b..."

There is nothing to write about me at all. Enjoying to be a member of this site. I really wish Im useful at all Here is my homepage: [https://kynghidongduong.vn/blog/le-hoi-hoa-tam-giac-mach-ha-giang-va-nhung-diem-check-in-voi-hoa-dep-nhat.html hoa tam giác mạch]