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Portugal sounds out Spanish banks on Novo Banco sale: sources
By Jesús Aguado MADRID (Reuters) - Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with the talks said on Tuesday. Spain's mid-sized Sabadell and Popular , which already have offices and interests in neighbouring Portugal, were among those approached by the Bank of ...
Tue, 30 Sep 2014 12:00:56 -0700

Lisbon mayor takes charge of Portugal's Socialists
LISBON, Portugal (AP) — Portugal's main opposition Socialist Party has chosen a new leader to fight next year's general election.
Mon, 29 Sep 2014 02:38:03 -0700

Portugal business confidence stable in September
Portugal's economic climate indicator was flat in September, remaining at its highest level since mid-2008 as the economy recovers further from a deep recession. The economic climate indicator, which measures business confidence, stood at plus 0.7 in September, unchanged from August, the National Statistics Institute (INE) said on Monday. INE said its consumer confidence indicator rose to a ...
Mon, 29 Sep 2014 01:51:36 -0700

Portugal to miss deficit target
Portugal is set to breach its public deficit target this year after new accounting rules forced it to raise its forecast to 4.8% of economic output, official data have showed.
Tue, 30 Sep 2014 05:13:30 -0700

Lisbon mayor takes charge of Portugal's Socialist Party ahead of 2015 election
Portugal's main opposition Socialist Party has chosen a new leader to fight next year's general election.
Mon, 29 Sep 2014 02:53:53 -0700

Fuss Buying Only Portugal After Calling Irish Debt Rally
Loomis Sayles & Co., the investor that bought Ireland's government debt before the nation's 2011 bailout triggered a historic rally, now likes Portugal's dollar-denominated bonds. The firm, once one of the world's largest disclosed holders of Ireland's bonds, said it bought the Iberian nation's securities and isn't interested in other European sovereign debt for the $24 billion Loomis Sayles ...
Mon, 29 Sep 2014 03:12:28 -0700

Portugal to raise minimum wage by 4 percent from October
Portugal's government, representatives of labour unions and employers have reached a deal to raise the country's minimum monthly wage by 4 percent from next month to 505 euros (394.5 pounds) after a four-year freeze. Employment and Social Security Minister Pedro Mota Soares said the deal, sealed late on Wednesday, was a good compromise that would help workers while also protecting gains in ...
Thu, 25 Sep 2014 01:35:41 -0700

Portugal. The Man play free Aussie shows
Alaskan band Portugal. The Man will play 25 free gigs for their Aussie fans across the whole country this November.
Tue, 30 Sep 2014 17:28:05 -0700

Portugal to take part in global coalition against IS
Lisbon, Sep 29 (IANS) Portugal will be part of the international coalition combating the Islamic State (IS) terrorist organisation, said the country's Defence Minister Jose Pedro Aguiar Branco.
Mon, 29 Sep 2014 10:10:25 -0700

Portugal Weighs IMF Loan Payback as It’s Not Ireland Yet
Ireland's decision this month to make early repayments of its International Monetary Fund rescue loans has led some investors and strategists to see if Portugal may do the same. An early repayment has "an advantage in terms of communication to the market of a return to normalcy," said Diogo Teixeira, chief executive officer of Optimize Investment Partners, a Lisbon-based firm that manages 95 ...
Fri, 19 Sep 2014 03:20:17 -0700

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