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Portugal

Portugal's central bank opens its vaults for rare glimpse of gold bars

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LISBON Portugal's central bank has opened up its heavily guarded vaults in a small commuter town near Lisbon, giving a rare glimpse of where some of the country's gold reserves are kept.

The inflation quirk that is costing Spain billions

MADRID/LISBON Surging energy prices pushed Spanish inflation to a peak of just under 10% in March, the highest in the euro area and nearly double the 5.3% in neighbouring Portugal – despite the fact the two Iberian economies share a wholesale electricity market.

Portugal's Galp quarterly profit surges, but still misses forecast

LISBON (Reuters) -Portugal's Galp Energia on Tuesday reported a six-fold rise in adjusted first-quarter profit on soaring global crude prices and higher production, but its shares slipped as the result still fell short of market expectations.

May 03 2022

Portugal's regulator proposes 'exceptional' electricity tariff cut

LISBON, May 2 Portugal's electricity regulator ERSE proposed a 2.6% reduction in regulated tariffs in a bid to protect hundreds of thousands of consumers from skyrocketing prices affecting the Iberian wholesale market MIBEL.

Portugal's Millennium Bcp says not exposed to sanctioned Russian oligarchs, firms

LISBON, March 11 Portugal's largest listed bank Millennium Bcp and its Polish unit are not exposed to the more than 600 Russian individuals and firms targeted by EU sanctions against Russia, chief executive Miguel Maya said on Friday.

UPDATE 1-Portuguese bank Millennium bcp's 2021 profit drops 25% on Polish provisions

LISBON, Feb 28 Portugal's largest listed bank, Millennium bcp, posted on Monday a 25% drop in 2021 net profit to 138 million euros after heavy provisions for foreign currency loans at its Polish subsidiary, despite an improvement in its core business.

Financials, Stock Quote, Bonds, Feb 28 2022

Portuguese bank Millennium bcp's 2021 profit drops 25% on Polish provisions

LISBON, Feb 28 Portugal's largest listed bank, Millennium bcp, posted on Monday a 25% drop in 2021 net profit to 138 million euros after heavy provisions for foreign currency loans at its Polish subsidiary, despite an improvement in its core business.

Financials, Stock Quote, Bonds, Feb 28 2022

Rough seas delay salvage operation for burning ship carrying luxury cars

LISBON Rough waters forced authorities on Wednesday to postpone a salvage operation for a ship packed with luxury cars that have been on fire for a week in the middle of the Atlantic Ocean, a port official said.

Feb 23 2022

Tug boats spray water on burning ship carrying Porsches, Bentleys

LISBON (Reuters) -Heavy tug boats on Tuesday sprayed water on a ship off the coast of Portugal's Azore Islands which went on fire nearly a week ago carrying thousands of Porsches and Bentleys, an incident insurance experts said could result in $155 million in losses.

World, Feb 22 2022

Firefighters struggle to douse fire on luxury cars vessel off Azores islands

LISBON Firefighters are struggling to put out a fire that broke out on Wednesday on a vessel carrying thousands of luxury cars, which is adrift off the coast of Portugal's Azores islands, a port official said, adding it was unclear when they would succeed.

World, Feb 20 2022
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Silence from Kyiv as Russia claims more than 1,700 surrender in Mariupol

KYIV, Ukraine (Reuters) -Moscow said on Thursday that 1,730 Ukrainian fighters had surrendered in Mariupol over three days, including 771 in the past 24 hours, claiming a surrender on a far bigger scale than Kyiv has acknowledged since ordering its garrison to stand down. | Video