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Shrikesh Laxmidas

Europe's Web Summit doubles in size as it reaches 'cool' Lisbon

Sep 21 2016

LISBON Europe's largest tech event, the Web Summit, will double in size when it is held for the first time in Lisbon in November to tackle everything from hot new startups to the race to make driverless cars, its chief executive said on Wednesday.

Portugal to phase out power subsidies, avoid Spain example

Aug 09 2016

LISBON Portugal is set to begin phasing out support for utilities generating renewable power, a top government official said, as Lisbon tackles high electricity prices that are hampering efforts to bolster its struggling economy.

Fitch sees Portugal banks steadier, sector consolidation

Jan 28 2016

LISBON, Jan 28 The asset quality of Portugal's banking sector is stabilising, and recent resolutions at two lenders - Novo Banco and Banif - have little spillover to other local banks, allowing Fitch Ratings to maintain the sector's stable outlook.

Fadeout near for traveling 'Cinema Paradiso' in Portugal

Nov 09 2015

MONFORTE, Portugal Shades of Oscar-winning classic "Cinema Paradiso" run through the life of Antonio Feliciano, a sprightly 75-year-old who fears he may be the last of Portugal's traveling film projectionists.

Fadeout near for travelling 'Cinema Paradiso' in Portugal

Nov 09 2015

MONFORTE, Portugal Shades of Oscar-winning classic "Cinema Paradiso" run through the life of Antonio Feliciano, a sprightly 75-year-old who fears he may be the last of Portugal's travelling film projectionists.

Portugal cenbanker urges African states to align supervision with EU

Jun 25 2015

LISBON, June 25 The Bank of Portugal urged central banks in Portuguese-speaking Africa to raise supervision standards to the European banking union's tougher requirements to avoid capital cost hikes for European banks in Africa.

Moody's says Greek euro exit would change nature of euro

May 28 2015

LISBON A Greek exit from the euro would not mark a return to the debt crisis of 2012, but it would create risks of contagion and change the nature of the monetary union, which was supposed to be permanent, a senior Moody's rating analyst said on Thursday.

Angola's Dos Santos shifts focus in Portugal from telecoms to banks

Mar 04 2015

LISBON, March 4 An attempt by Isabel dos Santos to orchestrate a merger of two of Portugal's largest banks has a better chance of success than past attempts by Africa's richest woman to shake up Portugal Inc, analysts and industry sources say.

Portugal's Portucel to raise capex, debt with new paper business-CEO

Feb 13 2015

LISBON, Feb 13 Portugal's pulp and paper maker Portucel should double or even triple its capital expenditure this year, with more borrowing likely as it enters a new cycle of growth after buying tissue producer AMS, whose output it wants to quadruple by 2017.

BES shareholder seeks creditor protection, woes spill to Angolan unit

Jul 18 2014

LISBON One of the holding companies of Portugal's Espirito Santo banking clan filed for creditor protection in Luxembourg on Friday and the business empire's problems also spilled over to Angola where the central bank said the local unit of Banco Espirito Santo would need more capital to deal with bad loans.

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