Portugal has no plans to privatize CGD

Article Abstract:

The finance minister of Portugal, Antonio Sousa Franco, stated that his country has no plans to privatize Caixa Geral do Depositos SA (CGD). CGD is the largest financial group in Portugal. Mr. Franco said that CGD's public institution role makes financial market stability possible. The government of Portugal has asserted for quite some time that it plans to keep CGD under state control.

Comment:

Portugal has no plans to privatize Caixa Geral do Depositos

Strategy & planning, Portugal, Planning, Caixa Geral do Depositos SA

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Y2K leaves ECB scratching its head: bank is unsure of millennial effect on policy

Article Abstract:

The European Central Bank is struggling to prepare for the uncertain economic impact of the transition to the year 2000. The bank sets economic policies based on pan-Europe economic data, but is uncertain how to allow for the statistical fluctuations likely as the millennium approaches.

Europe, Forecasts, trends, outlooks, Economic aspects, Forecasts and trends, Year 2000 transition (Computers), Central banks, Economic history, European Union. European Central Bank

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UBS shutters two funds, citing poor performance

Article Abstract:

UBS AG's funds division, UBS Global Asset Management, has closed two poorly performing equity funds in the UK, and has begun shifting the assets to funds producing stronger returns. The shift will take place over the next five months.

DEPOSITORY INSTITUTIONS, Services discontinued, United Kingdom, Service discontinuation, UBS Global Asset Management

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