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Portugal

Tuesday Morning Briefing

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Good morning. The U.S.-China trade dispute heats up, Trump’s administration defends its hardline immigration stance and the Goliaths of international soccer stumble.

Magic Ronaldo lights up World Cup with hat-trick to deny Spain

SOCHI, Russia Portugal captain Cristiano Ronaldo lit up the World Cup in his own inimitable style on Friday, curling in a late free kick to complete a remarkable hat-trick and earn his team a 3-3 draw in an enthralling clash with neighbors Spain.

Sports, Jun 15 2018

Hierro proud as Spain stay strong after tough week

SOCHI Spain's strong show of unity after the sacking of coach Julen Lopetegui was almost enough to secure victory in their World Cup opener against Portugal on Friday, but Cristiano Ronaldo's late goal took some gloss off a superb performance.

Sports, Spain Jun 15 2018

UPDATE 1-Goldman Sachs, KKR invest $360 mln in Portugal tech firm

LISBON, June 5 Portugal's OutSystems, a platform which allows users to build software applications with minimal coding, has raised $360 million from Goldman Sachs and U.S. investment firm KKR, valuing it at more than $1 billion and allowing it to beef up its leading position in this niche market.

Goldman Sachs, KKR invest $360 mln in Portugal start-up

LISBON, June 5 Portugal's OutSystems, a low-code application platform, has raised $360 million from Goldman Sachs and U.S. investment firm KKR, valuing the company at more than $1 billion, it said on Tuesday.

In Portugal, trust in China is the art of the deal

LISBON Utility company EDP may balk at the meager 5 percent premium offered for its shares by China Three Gorges (CT) but the battle for Portugal's biggest business has largely played out already.

China Three Gorges launches $10.8 billion bid for Portuguese power firm EDP

LISBON China's state-owned utility China Three Gorges on Friday launched a bid to take control of Portugal's biggest company EDP, offering a premium of just below 5 percent on the power firm's closing stock price.

Global Energy News, China, May 11 2018

Trading in Portugal's EDP suspended after reports of likely Chinese bid

LISBON Trading in the shares of utility company EDP-Energias de Portugal was suspended on Friday, as media reported that a Chinese group was set to make a takeover bid for the firm.

Global Energy News May 11 2018

EDP bullish on U.S. renewable power despite Trump's support for coal

WASHINGTON EDP-Energias de Portugal is optimistic about renewable power investments in the United States, despite President Donald Trump's push to support coal and nuclear power plants and a tariff his administration slapped on imported solar panels, its chief executive said in an interview.

Apr 11 2018

Novo Banco posts record loss, remedied by Portugal resolution fund

LISBON Portugal's Novo Banco, rescued by the state and acquired last year by U.S. private equity firm Lone Star, reported a record net loss of 1.4 billion euros on Wednesday for 2017 and a fresh capital injection from the country's bank resolution fund.

Mar 28 2018
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U.S. to pull out of U.N. human rights body: source

WASHINGTON U.S. Secretary of State Mike Pompeo and U.S. Ambassador to the United Nations Nikki Haley will announce on Tuesday that the United Sates is pulling out of the United Nations Human Rights Council, a Trump administration source told Reuters.