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Portugal

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  • *Mood swing from austerity seen helping France's case. PARIS, Sept 30- From Athens to Madrid and Dublin to Rome, France can count on a sympathetic hearing in several European capitals in its campaign for leniency over the latest broken promise to bring its public finances into shape.

  • Lisbon mayor takes charge of Portugal's Socialists Monday, 29 Sep 2014 | 5:37 AM ET

    LISBON, Portugal— Portugal's main opposition Socialist Party has chosen a new leader to fight next year's general election. Lisbon Mayor Antonio Costa collected around two-thirds of the vote in a contest with Antonio Jose Seguro, party leader for the past three years, according to results published late Sunday.

  • Portugal PM denies financial misconduct allegation Friday, 26 Sep 2014 | 6:21 AM ET

    LISBON, Portugal— Portugal's prime minister has denied allegations of financial misconduct, telling Parliament the accusation that he had undeclared income when he was a lawmaker in the 1990 s was an attempt to deceive people.

  • FRANKFURT, Sept 25- It has been billed as a make or break moment for Europe's banks: the publication of rigorous industry-wide health checks next month after three previous tests failed to spot problem lenders.

  • Portugal raises minimum monthly wage to $645 Wednesday, 24 Sep 2014 | 12:58 PM ET

    LISBON, Portugal— Portugal's government is raising the country's minimum monthly wage to 505 euros from 485 euros, though that is still the lowest in Western Europe. Portugal's minimum monthly wage, which is subject to income tax of 14.5 percent, is earned by more than 600,000 mostly blue-collar workers.

  • Portuguese nurses strike over pay, working hours Wednesday, 24 Sep 2014 | 6:44 AM ET

    LISBON, Portugal— Nurses in Portugal have begun a 48- hour strike over pay, working hours and what they say is an acute shortage of staff in the public health service. The Portuguese Nurses Union says more than 80 percent of its members walked out Wednesday. The Health Ministry made no immediate comment.

  • LONDON, Sept 4- European shares rose on Thursday, with a key benchmark briefly hitting a 6-1/ 2 year high, as the European Central Bank further cut interest rates and unveiled plans to buy assets in a bid to shore up inflation in the euro zone.

  • LISBON, Aug 29- On June 9, with his 150- year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. The "cartas-conforto"- letters of comfort- were written on the letterhead of Banco Espirito Santo, a large lender controlled by the family.

  • Regulators decided on Aug. 3 to put its healthy assets into a new entity, Novo Banco, and leave family borrowings, shareholders and junior creditors behind in BES.

  • METALS-Stronger dollar snuffs out copper rebound Monday, 18 Aug 2014 | 9:00 PM ET

    SYDNEY, Aug 19- London copper held steady on Tuesday as brighter prospects for the U.S. economy were chilled by caution over China's stuttering property market, while a stronger dollar sapped a rebound from seven-week lows.

  • *Senior bondholders in Banco Espirito Santo spared pain. FRANKFURT, Aug 13- Portugal is making the same costly mistake as Ireland by rescuing a troubled bank and largely sparing its bondholders losses, one of the architects of Ireland's bailout has warned.

  • *Ukraine/ Russia sanctions keep stock markets on back foot. LONDON, Aug 7- Concerns about Portugal's banking system and tensions between Western powers and Russia pulled down European stock markets on Thursday.

  • Losses in Lisbon peg back European shares Thursday, 7 Aug 2014 | 10:30 AM ET

    *Ukraine/ Russia sanctions keep stock markets on back foot. LONDON, Aug 7- Concerns about Portugal's banking system hit the Lisbon market on Thursday and weighed on European shares, which were also kept in check by tensions between Western powers and Russia.

  • Portuguese bank woes weigh on European equities Thursday, 7 Aug 2014 | 6:13 AM ET

    *Concerns over Portuguese banks hits Lisbon market. LONDON, Aug 7- Concerns about Portugal's banking system hit the Lisbon stock market on Thursday and weighed on European equities, which were also kept in check by tensions between Western powers and Russia.

  • PARIS, Aug 7- Exchange operator Euronext posted a 4.6 percent increase in quarterly operating profit on Thursday, boosted by cost cutting and a rise in stock market listings, and said it would accelerate its cost-savings plan.

  • European shares slip again; eyes on ECB Thursday, 7 Aug 2014 | 4:30 AM ET

    PARIS, Aug 7- European stocks dipped in early trade on Thursday, extending a week-long slide as tensions between the West and Russia continued to spook investors. The DAX, which hit a near-five month low on Wednesday, has lost 10 percent since mid June, hurt by worries that the Ukrainian crisis and sanctions against Russia could derail Germany's economic recovery.

  • FRANKFURT/ MADRID, Aug 5- Bidders are readying indicative offers for the Spanish assets of Germany's top utility E.ON, three sources familiar with the matter told Reuters, adding bids would value the whole portfolio at about 2 billion euros.

  • NEW YORK, Aug 4- Bond prices rallied and European bank stocks rose on Monday after Portugal devised a plan to prevent the collapse of one of its biggest lenders.

  • US STOCKS-Wall St up on earnings, Portugal bank deal Monday, 4 Aug 2014 | 10:32 AM ET

    *Berkshire Hathaway shares up after results. *Michael Kors shares reverse premarket move, fall 5.5 pct. NEW YORK, Aug 4- U.S. stocks rose in morning trading on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.

  • Portugal bites the bullet on a bank bailout Monday, 4 Aug 2014 | 10:05 AM ET

    Portugal bailed out Banco Espirito Santo (BES), its biggest bank. Get used to seeing this.