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Etsi uutisista:Talleta Portugal fraasilistaasi

Must-know: Investing in Portugal
The Global X FTSE Portugal 20 ETF (PGAL) retreated 3.99% on the news of the bailout. The fund tracks the FTSE Portugal 20 Index and holds a small basket of 20 stocks. So far, PGAL has gathered $35.2 million ...
Wed, 20 Aug 2014 10:00:12 -0700

Portugal to hit deficit targets despite court ruling: Fitch
Portugal is still expected to cut its budget deficit to four percent of economic output this year, even after the country's top court rejected some austerity measures, Fitch said on Tuesday. Portugal's Constitutional Court last week rejected part of planned austerity measures in a blow to efforts by the government to cut its deficit to levels agreed with the European Union.
Tue, 19 Aug 2014 06:01:32 -0700

Fitch: Portugal Court Ruling Fiscally Positive in the Near Term
LONDON, August 19 The latest ruling by Portugal's constitutional court partially approving expenditure measures reduces a key near-term risk to consolidation and keeps the sovereign on track to hit its ...
Tue, 19 Aug 2014 03:28:12 -0700

BES junior bondholders pick law firm over bank split
Junior bondholders of Portugal's Banco Espirito Santo (BES.LS) have selected law firm Shearman & Sterling to represent them in a challenge to the terms of the bank's rescue and will open discussions with the Bank of Portugal later this week, a source familiar with the situation said. A dramatic restructuring plan agreed on Aug. 3 moved most of Banco Espirito Santo's business into the newly ...
Wed, 20 Aug 2014 17:42:50 -0700

Portugal to hit deficit targets despite ruling
Portugal is still expected to cut its budget deficit to 4% of economic output this year, even after the country's top court rejected some austerity measures, Fitch said.
Tue, 19 Aug 2014 07:03:03 -0700

Portugal Telecom CEO Granadeiro steps down after bad debt deal
Henrique Granadeiro, the chief executive officer of Portugal Telecom SGPS (PTC.LS), resigned on Thursday, the company said, three weeks after it was forced to take a cut in its share of a merger with Brazil's Oi due to a debt deal that went wrong. Portugal Telecom said in a statement its executive board had never approved or even discussed any investment in debt issued by Rioforte, a holding ...
Thu, 07 Aug 2014 12:39:16 -0700

Portugal Has Europe’s Fewest Women on Boards: Chart
Portugal has the lowest proportion of female board members of any European country while some nations have introduced legislation to spur companies to add women at the highest level of management. The CHART OF THE DAY shows how just 5 percent of board members of the nation's Stoxx Europe 600 Index companies in 2013 were women, according to data compiled by Bloomberg Intelligence. Greece followed ...
Mon, 18 Aug 2014 16:00:01 -0700

Portugal averts BES disaster with rescue and new bank
Portugal's prime minister narrowly averted a national disaster and a fresh eurozone crisis by launching a new bank as part of a rescue totalling nearly 5.0 billion euros for Banco Espirito Santo. Wielding new EU rules to shield taxpayers and governments from near-bankrupt banks, Portugal and the European Union moved fast to pre-empt a collapse of confidence when markets and banks opened for ...
Mon, 04 Aug 2014 23:06:27 -0700

Portugal Has Europe’s Fewest Women on Boards: Chart of the Day
Portugal has the lowest proportion of female board members of any European country while some nations have introduced legislation to spur companies to add women at the highest level of management.
Mon, 18 Aug 2014 17:40:21 -0700

Portugal bank collapse and rescue raises questions
LISBON, Portugal (AP) — A new Portuguese bank appeared Monday, born from the ruins of a collapsed business empire, and declared on its website that it was now "stronger and safer."
Mon, 04 Aug 2014 05:35:52 -0700


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