Edition:
United States

Sergio Goncalves

Exclusive: Portugal government sees Elliott's plan for EDP Brazil as 'unfortunate'

Feb 15 2019

LISBON Activist investor Elliott's plan for EDP-Energias de Portugal to sell its Brazilian operations is unfortunate as it would mean leaving a fast-growing market, Portuguese Environment and Energy Transition Minister João Matos Fernandes said on Friday.

Portugal's economy - an express train at risk of derailing

Feb 15 2019

LISBON The passengers on a night train chugging along Portugal's northern coast last month got the fright of their lives when the 40-year-old locomotive's diesel engine literally fell off.

UPDATE 2-Elliott proposes 'superior' plan for Portuguese utility EDP

Feb 14 2019

* Proposes sale of Brazil operation, Iberian thermal holdings

Portugal promises no visas for Britons in any no-deal Brexit

Jan 17 2019

LISBON Britons living in Portugal will keep their residency rights and tourists won't need a visa even in the event of a no-deal Brexit, and Lisbon hopes Britain would offer the same benefits to Portuguese citizens, Economy Minister Pedro Siza Vieira said.

Portugal promises no visas for Britons in any no-deal Brexit

Jan 17 2019

LISBON Britons living in Portugal will keep their residency rights and tourists won't need a visa even in the event of a no-deal Brexit, and Lisbon hopes Britain would offer the same benefits to Portuguese citizens, Economy Minister Pedro Siza Vieira said.

Portugal's tourism boom halted by Brexit, airport problems

Jan 14 2019

LISBON Portugal's long-running tourism boom is set to move decisively into reverse in 2019 due to capacity constraints at Lisbon airport and a drop in British visitors because of a Brexit-hit pound, Portugal's biggest hotel group told Reuters.

UPDATE 1-Portugal sees first lithium licensing tender in 2019, wants refinery

Dec 18 2018

LISBON, Dec 18 Portugal expects to launch a tender for lithium exploration licences next year, the new secretary of state for energy said on Tuesday, confirming the general outlines of a plan devised under his predecessor, although with a slight delay.

Ex-CFO of failed bank BES sues Bank of Portugal, KPMG for $4.9 billion

Dec 14 2018

LISBON Banco Espirito Santo's former finance director is suing the Bank of Portugal and KPMG, demanding they pay the state 4.3 billion euros ($4.9 billion) for allegedly falsifying its accounts before the bank's 2014 collapse.

Portuguese toy maker Science4You upbeat on share listing despite jittery market

Dec 13 2018

LISBON The founder and CEO of Portuguese start-up Science4You said demand for the company's share offering, which closes on Friday, was going well and he remains confident despite two local companies recently abandoning listing plans due to jittery markets.

Portugal china maker VAA dishes out shares to support global push

Dec 07 2018

LISBON Portugal's leading fine china maker Vista Alegre Atlantis (VAA) has launched a secondary share offering to significantly increase its free float and support what it sees as strong growth opportunities in Europe, the Americas and Asia.

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