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Portugal

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  • LISBON, Portugal— Pilots at Portugal's state-owned national airline have begun a 10- day strike, forcing flight cancellations as they press their demand to be given up to a 20 percent stake in the company when it is privatized later this year. The Civil Aviation Pilots' Union, which represents a majority of the flag carrier's more than 900 pilots, is also demanding...

  • Portugal investigates visas awarded to non-EU investors Wednesday, 29 Apr 2015 | 8:41 AM ET

    LISBON, Portugal— Portugal's Attorney-General's office says officials are searching government offices and other locations as part of a corruption and money-laundering investigation centered on the granting of residence permits to investors from outside the European Union. The Finance Ministry said the office of the secretary of state for tax affairs...

  • 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...

  • Study: Self-driving 'taxibots' could replace 9 in 10 cars Thursday, 23 Apr 2015 | 10:54 AM ET

    BERLIN— Transportation experts say car-congested cities could become a thing of the past, provided people are prepared to ride-share with a robot driver. A study published Thursday by the Paris- based Organization for Economic Cooperation and Development suggests that widespread use of "taxibots" could cut by 90 percent the number of cars needed to perform...

  • Vacationers to Europe will fare better with the average ticket down 3 percent to $1,619, about $50 less than last summer. Flights to Hawaii, Florida and New Orleans are cheaper, but travelers heading to New York, Denver and San Francisco can expect to pay more. Overall fares are down but it will cost more this summer to fly to cities like Amsterdam; London; Budapest,...

  • 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...

  • 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...

  • Cramer Remix: This stock, and llamas, on the run Thursday, 26 Feb 2015 | 7:06 PM ET
    Llama

    Llamas weren’t the only things running wild on Thursday; “Mad Money” host Jim Cramer has a stock galloping higher.

  • Cramer: 'I'm a happy camper'—Thanks, Europe! Thursday, 26 Feb 2015 | 6:22 PM ET
    Mario Draghi, president of the European Central Bank (ECB), looks on as he unveils a new twenty-euro banknote at the ECB headquarters in Frankfurt, Germany, Feb. 24, 2015.

    Jim Cramer wants to be negative about what's happening in the market right now but with this evidence, he can't!

  • LONDON, Feb 24- Portugal's government debt market is likely to benefit more than any other in the euro zone from the European Central Bank's bond-buying programme that starts next month. While Portugal's total debt is one of the highest in the bloc, having been bailed out by the International Monetary Fund and the European Union during the debt crisis, its stock...

  • Beijing's glare deepens crisis in Macau Wednesday, 18 Feb 2015 | 4:00 PM ET

    *VIPs avoid Macau during Beijing corruption crackdown. *60-70 percent of Macau casino revenues from high rollers. MACAU/ ZHUHAI, China, Feb 19- China's crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world's biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid...

  • Post-bailout Portugal shrugs off Greek contagion risks Thursday, 12 Feb 2015 | 6:46 AM ET

    *Portugal has differentiated itself from Greece. *No Syriza or Podemos in Portugal. LISBON, Feb 12- Portugal has largely assuaged fears it is the euro zone's weakest link after Greece, although it could still be stung if a confrontation between the left-wing government in Athens and European creditors ends in "Grexit."

  • Portugal sold 1.25 billion euros in 10- year bonds at record low auction yields. "Portugal did a great job decoupling itself from Greece," said Jean-Francois Robin, head of rates strategy at Natixis. "The macroeconomic situation, the debt sustainability in Portugal doesn't deserve comparison with Greece.

  • Portugal sold 1.25 billion euros in 10- year bonds at record low auction yields. "Portugal did a great job decoupling itself from Greece," said Jean-Francois Robin, head of rates strategy at Natixis. "The macroeconomic situation, the debt sustainability in Portugal doesn't deserve comparison with Greece.

  • ATHENS/ BRUSSELS, Feb 6- Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund. The official said Greece was in effect asking for a "bridge agreement" to keep state finances...