Edition:
United States

Sergio Goncalves

UPDATE 2-Portugal approves 2021 budget with more investment for recovery

Nov 26 2020

LISBON, Nov 26 Portugal's parliament on Thursday passed the minority Socialist government's 2021 budget, which bets on a steep rise in public investment to relaunch growth of the coronavirus-battered economy while also increasing subsidies and pensions.

EU must rebuild industry, avoid protectionism after pandemic: Portugal PM

Nov 23 2020

LISBON Rebuilding European industry and making it less reliant on China and other nations should be a priority after the coronavirus pandemic but the EU should avoid protectionist policies, Portugal's prime minister said on Monday.

Portugal's NOS to cut capex to minimum if 5G auction rules prevail, CFO says

Nov 19 2020

LISBON, Nov 19 Portuguese telecoms firm NOS will cut investments to a minimum and carry out a cost-cutting restructuring in 2021 if the rules of a 5G frequency license auction the provider deems 'unfair' are not reversed, its CFO said on Thursday.

Portugal's Novo Banco 9-month net loss soars 49% on provisions

Nov 16 2020

LISBON Portugal's Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo, reported a 49% leap in its net loss for January-September to 853 million euros ($1 billion)following provisions to discontinue its business in Spain.

Portugal's Novo Banco 9-month net loss soars 49% on provisions

Nov 16 2020

LISBON, Nov 16 Portugal's Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo, reported a 49% leap in its net loss for January-September to 853 million euros ($1 billion)following provisions to discontinue its business in Spain.

Portugal's Sonae ekes out Q3 profit as sales rise on easing lockdown

Nov 12 2020

LISBON, Nov 12 Portugal's largest retailer Sonae eked out a 1.6% rise in third-quarter net profit on robust sales as the economy emerged out of a lockdown, helping it rebound from a loss in the preceding three months due to the COVID-19 pandemic.

Portugal to launch 5G auctions this month in face of legal challenges

Nov 06 2020

LISBON Portugal's telecoms regulator said on Friday it would start its delayed auctions of 5G frequency licences in November, even as major players warned they would go to court to challenge rules they said unfairly favoured new entrants.

Portugal to launch 5G auctions this month in face of legal challenges

Nov 06 2020

LISBON, Nov 6 Portugal's telecoms regulator said on Friday it would start its delayed auctions of 5G frequency licences in November, even as major players warned they would go to court to challenge rules they said unfairly favoured new entrants.

Portugal aims to balance budget after pandemic to keep credibility

Nov 05 2020

LISBON, Nov 5 Portugal will resume its efforts to have a balanced budget after the COVID-19 pandemic is overcome to maintain its external credibility, Claudia Joaquim, the secretary of state for budget at the finance ministry, said on Thursday.

UPDATE 1-Portugal NOS's third-quarter profit falls 8%, new customers added

Nov 04 2020

LISBON, Nov 4 Portuguese telecoms firm NOS on Wednesday posted a near 8% drop in third-quarter net profit to 44.1 million euros ($51.7 million), but its customer numbers rose in what the company saw as a sign of recovery after the impact of the COVID-19 pandemic.

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