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Cabin crew strike grounds flights for TAP Portugal
LISBON, Portugal (AP) — Airline cabin crews for the TAP Portugal carrier have launched a two-day strike that has resulted in mass flight cancellations and rerouting for 25,000 passengers onto different airlines.
Thu, 30 Oct 2014 02:34:30 -0700

Cebu, Portugal municipality formalize sister-city deal
Cebu City and Sabrosa, Portugal recently formalized their sister-city agreement. Cebu City Mayor Michael Rama and Sabrosa Mayor José Manuel de Carvalho Marques signed the agreement, in simple ceremonies held Sabrosa, Portuguese explorer Ferdinand Magellan’s hometown. The twinning was made possible upon the initiative of Philippine Ambassador to Portugal Philippe J. Lhuillier. “This partnership ...
Wed, 29 Oct 2014 22:05:49 -0700

Portugal could block EU climate deal over connection target
* Portugal, Spain want 15 percent connection goal BRUSSELS, Oct 22 (Reuters) - Portugal warned on Wednesday it could block an EU plan to cut greenhouse gas emissions if other states at a summit this week reject a binding target for building cross-border power cables and pipelines. "We will not support a deal that does not include a binding target because we need to create a stable, predictable ...
Wed, 22 Oct 2014 02:33:04 -0700

Portugal to stick with austerity program in 2015
LISBON, Portugal (AP) — Portugal's government is extending into 2015 the main features of its unpopular austerity program, resisting the temptation to sweeten its policies for an election year as it battles to restore the weakened country's financial health.
Wed, 15 Oct 2014 11:15:24 -0700

Portugal 2015 budget bill sees 1.5 percent growth
Portugal's government expects a second year of economic expansion in 2015 after the country began to climb out of its debt crisis this year and exited an international bailout, its 2015 budget bill showed on Wednesday. The centre-right government forecast gross domestic product would grow 1.5 percent next year after a 1 percent expansion in 2014 - Portugal's first full year of growth since it ...
Wed, 15 Oct 2014 12:18:06 -0700

Portugal regulator extends shorting ban on battered PT shares
Portugal's CMVM securities market regulator has extended until Thursday a ban on short selling in shares of Portugal Telecom (PTC.LS) after they fell to a record low close on Tuesday. PT shares have fallen sharply after the bankruptcy last week of Rioforte - a key holding company of the Espirito Santo banking family - raised the risk PT will not recover 900 million euros (0.75 billion pounds) in ...
Tue, 21 Oct 2014 13:04:26 -0700

Portugal Telecom Fall to Record on Rioforte Court Ruling
Portugal Telecom SGPS SA, which holds 897 million euros ($1.15 billion) in debt defaulted by Rioforte Investments SA, reached a record low after a court denied creditor protection to the unit of Espirito Santo International SA.
Mon, 20 Oct 2014 05:24:45 -0700

Portugal boosted as Santos cleared for touchline duty
(Reuters) - Portugal have received a boost ahead of Tuesday's Euro 2016 qualifier in Denmark after the Court of Arbitration for Sport cleared new boss Fernando Santos to take his place on the touchline despite an eight-match ban. Santos, appointed Portugal coach last month following the sacking of Paulo Bento, was banned for eight matches by FIFA after being 'sent off' in his last match in ...
Mon, 13 Oct 2014 08:52:59 -0700

Portugal's budget meets deficit rules, aims to ease austerity
Lisbon (AFP) - Portugal has set itself on a road towards recovery with a 2015 budget deficit well within EU fiscal limits, the second eurozone bailout country after Ireland to begin to emerge from years of austerity.
Wed, 15 Oct 2014 07:24:43 -0700

Trading restriction halts Portugal Telecom slide
LISBON, Portugal (AP) — A ban on the short-selling of Portugal Telecom shares helped the stock rebound following a plunge that analysts say leaves it vulnerable to a takeover bid.
Thu, 23 Oct 2014 07:48:34 -0700

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