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Zoek nieuws:Sla Portugal op in uw uitdrukkingenlijst

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

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 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

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 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

Portugal's top court rejects part of government's austerity plan
Portugal's Constitutional Court on Thursday rejected part of the government's austerity measures, but approved a temporary reduction in civil servants' pay. The country's top court rejected a tax of two to three percent on pensions starting at 1,000 euros ($1,300), which was supposed to bring in 372 million euros in 2015, because it did not ensure "fairness between generations", Joaquim de Sousa ...
Thu, 14 Aug 2014 14:56:36 -0700

Portugal in $6.6 billion rescue of Banco Espirito Santo
By Sergio Goncalves LISBON (Reuters) - Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout. The rescue of Banco Espirito Santo, which was unveiled after a frenzied weekend of discussions between Portuguese and European Union officials, comes ...
Sun, 03 Aug 2014 17:15:06 -0700

Portugal to Escape Relapse as Economists Back Export Drive
A tourist poses for a photograph in front of the Belem Tower in Lisbon. Portugal in May exited a three-year bailout program from the European Union and International Monetary Fund without the safety net of a precautionary credit line.
Wed, 13 Aug 2014 16:44:21 -0700

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