Portugal

Portuguese go on general strike, halt public transport

LISBON, June 27 - Public transport in Portugal came to a virtual standstill on Thursday as the two main unions mounted a one-day strike against austerity measures which have resulted in record unemployment and the worst economic slump since the 1970s.

Portugal's strike plans stir unease as bond yields soar

* Two largest unions to lead anti-austerity strike on Thursday

Portuguese teachers boycott exams in anti-austerity strike

LISBON - Thousands of teachers across Portugal walked away from final exams held at secondary schools on Monday to protest against planned spending cuts in education, leaving many pupils unable to take the tests, unions said.

World 17 Jun 2013

Portugal settles with JP Morgan over hedging contracts

LISBON - Portugal has reached an agreement with JP Morgan in a row over costly interest rate hedging contracts sold to state companies, the finance ministry said on Wednesday.

12 Jun 2013

Portugal settles with JP Morgan over hedging contracts

LISBON, June 12 - Portugal has reached an agreement with JP Morgan in a row over costly interest rate hedging contracts sold to state companies, the finance ministry said on Wednesday.

Stocks, Markets, Financials, 12 Jun 2013

Portugal names JPMorgan adviser on post service sale despite row

* Row between Lisbon and JP Morgan involved threats of lawsuits

Germany could expand small business loan scheme to EU strugglers

BERLIN, June 8 - Portugal and Greece are interested in the same kind of support for lending to small business that Germany agreed with Spain this week, a spokeswoman for the German finance ministry said on Saturday, but they will need a state financing body to qualify.

Portugal's biggest unions band together for general strike

LISBON, June 3 - Portugal's UGT labour union said on Monday it will take part in a general strike called for June 27, making it the second time the two biggest unions would walk out together since the country's EU/IMF bailout in 2011.

Bonds News, Bonds, Markets, 03 Jun 2013

Portugal union calls strike against government austerity

LISBON - Portugal's largest labor union has called a general anti-government strike for June 27 to protest against public sector pay cuts, layoffs and other austerity measures imposed to meet EU/IMF bailout terms.

IMF 31 May 2013

UPDATE 1-Portugal union calls strike against government austerity

LISBON, May 31 - Portugal's largest labour union has called a general anti-government strike for June 27 to protest against public sector pay cuts, layoffs and other austerity measures imposed to meet EU/IMF bailout terms.

Bonds News, Bonds, Markets, 31 May 2013
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Egypt's Mursi rebuffs army ultimatum, sets own course

CAIRO - President Mohamed Mursi rebuffed an army ultimatum to force a resolution to Egypt's political crisis, saying on Tuesday that he had not been consulted and would pursue his own plans for national reconciliation. | Video

Ethiopia and Eritrea: An elusive peace on the cards?

Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.