United States


Portugal could exit excessive deficit in spring -EU's Dombrovskis

LISBON, Feb 24 Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, a top EU official said on Friday.

UPDATE 1-Portugal to flesh out terms of Novo Banco sale with Lone Star

LISBON, Feb 20 The Bank of Portugal will hold a final round of exclusive negotiations with U.S. private equity firm Lone Star as it seeks to flesh out the terms of the potential sale of state-rescued lender Novo Banco, the central bank said on Monday.

Portugal's EDP considers sale of Naturgas network in Spain

LISBON/MADRID, Feb 17 Portugal's largest company EDP Energias de Portugal could sell the gas distribution network of its Spanish subsidiary Naturgas if it can get the right price, and has hired banks to evaluate the asset, sources told Reuters on Friday.

Portugal particularly exposed to rising trade risks, OECD warns

LISBON, Feb 6 Portugal's high debt load, limited growth and weak banks saddled with bad loans make the country particularly vulnerable to an international environment where protectionism is on the rise, the Organisation for Economic Co-operation and Development warned on Monday.

Bonds, Markets, Feb 06 2017

UPDATE 1-Pharol shuns creditor reorganization plan for Oi as Elliott eyes deal

SAO PAULO, Jan 27 The largest shareholder in Oi SA will oppose any alternate reorganization plan that does not come from within the debt-laden Brazilian phone carrier, which is struggling to emerge from bankruptcy protection.

UPDATE 1-Portugueuse parliament rejects proposal to cut welfare tax

LISBON, Jan 25 Portugal's parliament rejected on Wednesday a government proposal to cut the social security tax companies pay on the minimum wage, in the first such defeat for the administration after two far-left allies opposed the move.

Bonds, Markets, Jan 25 2017

Former PM Soares who ushered in democracy in Portugal dies at 92

LISBON Portugal's former president and prime minister Mario Soares, who was a central figure in the country's return to democracy in the 1970s after decades of rightist dictatorship, died on Saturday aged 92, doctors said.

World, Jan 07 2017

Euro zone bond yields rise after U.S. data, Portuguese yields hit new high

LONDON, Jan 6 Portugal's 10-year government bond yield rose to a new 11-month high on Friday as bond markets across the euro area came under selling pressure following the latest U.S. jobs numbers.

Bonds, Markets, Jan 06 2017

Lone Star picked as top candidate to buy Portugal's Novo Banco

LISBON U.S. private equity firm Lone Star will work "tirelessly" to reach an agreement with Portugal to buy Novo Banco, it said on Thursday after it became the top candidate to acquire the bank carved out of collapsed Banco Espirito Santo (BES).

Deals Jan 05 2017

Portugal's 10-year govt bond yield hits 4 pct for first time since Feb 2016

LONDON, Jan 5 Portugal's benchmark 10-year government bond yield rose above 4 percent for first time since February 2016 on Thursday, rising 10 basis points on the day to 4.03 pct.

Bonds, Markets, Jan 05 2017

Iraqi forces seize Mosul bridge as thousands of civilians flee

SOUTH OF MOSUL, Iraq Iraqi forces seized a damaged Mosul bridge on Monday which could link up their units on either side of the Tigris river, as thousands of civilians fled the fighting for Islamic State's remaining stronghold in the west of the city.