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.
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.
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.
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".
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.
* Aethel move further complicates sale that is already in dispute
* Portugal/Germany 10-year yield spread hits almost-four week high
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.
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.
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.
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.