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EU warns France, Belgium over public finances

BRUSSELS, June 5 The European Commission warned France and Belgium on Wednesday over their public finances but stop short of saying that disciplinary proceedings against the two were justified.

Portugal's Socialists prepare run for majority rule after EU vote

LISBON Portugal's ruling Socialists are prepared to ditch their far-left allies and go it alone at a general election in October, emboldened by their sound economic management and a weak opposition to seek majority rule.

World, May 27 2019

Portugal PM to address nation on teachers' pay

LISBON, May 3 Portugal's Prime Minister Antonio Costa will address the nation later on Friday after parliament voted in favour of granting teachers salary increases held back over several years since 2005, a government spokesman said. Costa was due to meet President Marcelo Rebelo de Sousa at 1400 GMT and would then deliver a televised address from his residence, the spokesman said, without giving further detail.

Markets, Bonds, May 03 2019

Officials pay tribute to victims of Madeira tourist bus crash

CANICO, Portugal In a show of solidarity, the foreign ministers of Germany and Portugal laid two wreaths near the site where 29 German tourists died on Wednesday after their bus overturned on the Portuguese island of Madeira. | Video

World, Germany, Apr 18 2019

Ryanair pilots in Portugal vote for pay agreement

Irish-based carrier Ryanair said on Tuesday its pilots based in Portugal have voted for a labor agreement for the next four years, taking another step to head off any risk of another round of damaging strikes ahead of its peak summer season.

Aerospace & Defense, Apr 02 2019

UPDATE 2-Portuguese yields hover near historic low after auction

* Portugal to sell seven-, 10-year bonds before ratings review

Bonds, Markets, Mar 13 2019

Exclusive: Portugal's EDP could create Latam JV with China Three Gorges if takeover bid fails - sources

LONDON/SAO PAULO Portugal's Energia de Portugal EDP could propose a joint venture with China Three Gorges (CTG) allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant's bid to take over EDP fails, people familiar with the matter said.

Portuguese yields hover near historic lows ahead of auction

* Portugal to sell seven-, 10-year bonds before ratings review

Bonds, Markets, Mar 13 2019

Exclusive: EDP readies sale of electricity generation assets in Portugal - sources

LONDON/LISBON EDP-Energia de Portugal is working on a plan to sell some of its electricity generation assets in Portugal, three sources close to the matter said, in an effort to free up cash to drive its renewable energy expansion.

Mar 08 2019

Novo Banco posts 2018 loss, gets more capital from resolution fund

LISBON, March 1 Portugal's Novo Banco, rescued by the state and now owned by U.S. private equity firm Lone Star, reported on Friday a net loss of 1.41 billion euros ($1.60 billion) for 2018 and a fresh capital injection from the country's bank resolution fund.


Trump says Iran 'made a very big mistake' by shooting down drone

DUBAI/WASHINGTON U.S. President Donald Trump on Thursday said Iran made "a very big mistake" by shooting down a U.S. military drone that Tehran said was on a spy mission over its territory, in an incident that fanned fears of wider military conflict in the Middle East. | Video