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Portugal finance minister says confident on Novo Banco sale

LISBON, May 24 Portugal's finance minister is confident that the country's planned sale of Novo Banco to U.S. private equity firm Lone Star will go ahead as planned, the minister said on Wednesday.

UPDATE 1-Portugal says EU decision on deficit marks turning point

LISBON, May 22 Portugal's finance ministry said on Monday the European Commission's recommendation to end the disciplinary process for its excessive budget deficit marks a turning point and shows growing confidence in the economy by international institutions.

Markets, Bonds, Financials, May 22 2017

Portuguese bond yields tumble, gap to Germany tightest in a year

LONDON, May 17 Portugal's borrowing costs tumbled on Wednesday to their lowest level since late October, extending recent falls against a backdrop of improving economic growth and political stability in the single currency bloc.

Bonds, Markets, May 17 2017

Portugal wins Eurovision Song Contest for the first time

KIEV Portugal's Salvador Sobral won the Eurovision Song Contest on Saturday performing a jazz-style ballad written by his sister, taking the top spot for the first time in the country's history and celebrating with a call to "put emotion back into music".

Entertainment, Music, May 14 2017

Pope to make 'Fatima visionaries' saints during visit in May

VATICAN CITY During his trip to Fatima, Portugal in May, Pope Francis will make two of the three shepherd children believed to have seen a vision of the Madonna 100 years ago there saints, the Vatican said on Thursday.

People, Pope Apr 20 2017

London finance firm seeks to block Portugal Novo Banco sale

* Aethel move further complicates sale that is already in dispute

Portugal, Italy borrowing costs rise as ECB reduces stimulus

* Portugal/Germany 10-year yield spread hits almost-four week high

Bonds, Markets, Apr 03 2017

UPDATE 2-Portugal sells Novo Banco to Lone Star for 1 bln euro capital injection

LISBON, March 31 Portugal has agreed to sell a 75 percent stake in state-rescued lender Novo Banco to U.S. private equity firm Lone Star in exchange for a capital injection of 1 billion euros into the institution, the government said on Friday.

UPDATE 2-Portugal posts lowest deficit since return to democracy, but debt rises

LISBON, March 24 Portugal slashed its budget deficit last year by more than half to 2.1 percent of gross domestic product, the lowest level since its return to democracy in 1974 and beating the 2.5 percent target agreed with Brussels.

Financials, Bonds, Markets, Mar 24 2017

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.

Bonds, Markets, Feb 24 2017
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North Korea leader Kim guides test of new anti-aircraft weapon

SEOUL North Korean leader Kim Jong Un has supervised the test of a new anti-aircraft weapon system and ordered its mass production and deployment throughout the country, the state news agency reported on Sunday, after weeks of defiant ballistic missile tests.