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Portugal

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  • LISBON, Portugal— Portuguese labor groups are vowing to keep up their fight against the government's privatization plans for public transport, as Lisbon subway staff walked off the job for the 43rd time in four years. Workers at the Lisbon bus company Carris and national railroad company Comboios de Portugal, both state-owned, have also staged dozens of...

  • MACAU— Macau is doubling down even as the odds change. Macau's casino operators are undaunted. They're also optimistic Beijing's support for Macau's long term development from a seedy, vice-ridden backwater into a glitzy Asian destination will draw a growing numbers of middle class families from across the region looking for more than just gambling.

  • SINTRA, Portugal, May 25- Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm for change has waned as Europe loses its appetite for further belt-tightening. They have declared Portugal, following on the heels of Ireland, a recovery success story after a debt crisis that started with a financial crash and...

  • *Private sector more indebted in Portugal than in Greece. LISBON, May 24- In Portugal, getting a loan is still harder than in almost any other country in the eurozone. Unlike in Spain, Italy or even Greece, credit to companies is still shrinking, but thanks to money printing by the European Central Bank, it may now be stabilizing, with loans to exporters on the rise.

  • Latin American bidders vie for Portuguese flag carrier Thursday, 21 May 2015 | 10:25 AM ET

    LISBON, Portugal— The Portuguese government says it will hold talks with two Latin American airline operators to decide which of the two will be sold a 61 percent stake in state-owned flag carrier TAP Air Portugal. The government said in a statement Thursday that bids from David Neeleman, who founded Brazil's third-largest airline Azul, and from German...

  • Strike shuts Lisbon subway as workers fight reforms Tuesday, 19 May 2015 | 7:27 AM ET

    LISBON, Portugal— The Portuguese government's efforts to reorganize the debt-heavy public transport sector continue to meet resistance, with Lisbon subway workers walking off the job for the fourth time this year. Workers with the Lisbon bus company Carris and national rail company Comboios de Portugal, both of which are also deep in debt, have also held...

  • LISBON, Portugal— Portuguese officials are evaluating three bids submitted for a 61 percent stake in TAP Air Portugal as the government makes a second attempt to privatize the flag carrier. The airline and government experts are expected to report on the merits of each bid by the end of May. The government may then announce a winner, or select one or more bidders...

  • Europe's well of sympathy for Greece runs dry Tuesday, 12 May 2015 | 11:01 AM ET

    BRUSSELS/ VILNIUS, May 12- When radical leftist Alexis Tsipras stormed to victory in Greece's general election in late January, he briefly became an icon of the European left. French daily Liberation, founded by philosopher Jean-Paul Sartre, declared him "the new face of Europe", while everyone wanted to be photographed with the tieless Tsipras, 40, and his...

  • May 11- Brazilian telecom group Oi SA is reconsidering the sale of its African assets as relations improve with an estranged partner, Chief Executive Bayard Gontijo said on Monday. "We are changing the center of gravity from Lisbon to Brasilia," Gontijo said, adding that relations with Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos,...

  • LISBON, May 5- A long-expected consolidation of Brazil's telecoms industry that is likely to involve rivals Oi and TIM has run into delays but should go ahead in 2016, a representative of Oi's largest shareholder, Portugal Telecom SGPS, said on Tuesday. Rafael Mora, who is a board member of both PT and Oi, said changes to the shareholder structure of Telecom Italia-...

  • MELBOURNE, April 27- London nickel extended gains by 2 percent at one stage on Monday to hit a one-month high, fanning a rally in Shanghai on the prospect of a looming deficit. Three-month nickel on the London Metal Exchange hit $13,475, its loftiest since March 27, before trading up 1.3 percent at $13,365 a tonne by 0200 GMT following a 3.9 percent advance in the...

  • MELBOURNE, April 27- London nickel extended gains by two percent to hit a one-month high on Monday, fanning a rally in Shanghai on prospects a looming deficit this year will cut feed used by China's stainless steel makers. *Three-month copper on the London Metal Exchange firmed by 0.3 percent to $6,047 a tonne, while the most traded June contract on the Shanghai...

  • BRUSSELS, April 12- Even if it survives the next three months teetering on the brink of bankruptcy, Greece may have blown its best chance of a long-term debt deal by alienating its euro zone partners when it most needed their support. "This step would save Greece's budget billions of euros, while reforming the Troika arrangement, eliminating the IMF's and the ECB's...

  • Cramer Remix: I'm taking a cue from Ariana Grande Monday, 23 Mar 2015 | 7:24 PM ET
    Jim Cramer on Mad Money.

    “Mad Money” host Jim Cramer explains why he has one less problem without Greece.

  • Cramer: 5 trends that could leave you in the dust Monday, 23 Mar 2015 | 6:10 PM ET

    Jim Cramer likes to question trends sometimes. What if things were completely different? He gives his take on what investors can expect.

  • This is now when Fed may hike rates: CNBC survey Tuesday, 17 Mar 2015 | 7:00 AM ET
    Janet Yellen, chair of the Federal Reserve.

    More than two-thirds of respondents to the CNBC Fed Survey see the first interest rate hike coming in August, a month ahead of the prior survey.

  • *Greece says can overcome immediate funding crunch. MADRID/ ATHENS, March 2- Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue...

  • DUBLIN/ MADRID, March 2- Europe's tough treatment of Greece's new government has eased some immediate anti-austerity pressure in Ireland and Spain, but it may take a lot more than that to put Dublin and Madrid's ruling parties' re-election prospects back on track. They both toed the line with Germany in demanding that Greece stick to its bailout commitments- a...

  • ATHENS/ MADRID, March 1- Spain's centre-right Prime Minister Mariano Rajoy hit back on Sunday against accusations from Greece's leftist premier that Spain and Portugal had led a conservative conspiracy to topple his anti-austerity government. Greek Prime Minister Alexis Tsipras said Spain and Portugal had taken a hard line in talks on the euro zone...

  • Greek PM accuses Spain, Portugal of anti-Athens "axis" Saturday, 28 Feb 2015 | 8:26 AM ET

    *Spain, Portugal leading "axis of powers" against Athens-PM. ATHENS, Feb 28- Greece's leftist Prime Minister Alexis Tsipras accused Spain and Portugal on Saturday of leading a conservative conspiracy to topple his anti-austerity government, saying they feared their own radical forces before elections this year. "We found opposing us an axis of powers... led by the...