Antonio Pires de Lima, Portugal's economy minister, says that he is confident the country will grow for the first time in three years in 2014 and that it will exit its bailout program in May as intended.» Read More
*Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.
HONG KONG, March 7- Hong Kong businessman Carson Yeung was sentenced to six years in jail on Friday for money laundering in a high-profile case that law enforcement officials hailed as an important victory to combat money laundering in the global financial hub.
*Italy sells 9 bln euro of debt. LONDON/ MILAN, Feb 27- Italy's 10- year borrowing costs slid to their lowest in more than eight years at a well bid bond sale on Thursday in a further investor endorsement of the new government's ambitious reform plans.
*Italy sells 9 bln euro of debt, including new 10- yr benchmark. LONDON/ MILAN, Feb 27- Italy's 10- year borrowing costs slid to their lowest in over 8 years at a hefty bond sale on Thursday, in a further endorsement by investors of the new government's ambitious reform plans.
*Italy to auction up to 9 bln euros of bonds. The sale of up to 9 billion euros of bonds includes a new 10- year benchmark is expected to go well even as tensions between Ukraine and Russia soured investors' appetite for risk-taking and boosted demand for safe-haven German Bunds.
LONDON, Feb 26- German government bond yields held close to their 2014 lows on Wednesday even after investors shunned a second consecutive debt sale, suggesting they saw scant value in the "painfully" low returns on offer.
WOOSTER, United States- Federal Reserve Bank of Cleveland President Sandra Pianalto gives lecture, "Reflections on 35 Years with the Federal Reserve System" at the James R. Wilson Lecture Series hosted by the College of Wooster- 0030 GMT. SAITAMA, Japan- Bank of Japan board member Koji Ishida speaks to business leaders in Saitama- 0130 GMT.
Some analysts said it showed investors were uncomfortable with the low returns in Germany. "The 30- year yield basically tells you that investors are not fearing any increase in inflation or a big pick-up in nominal growth," DZ Bank strategist Christian Lenk said.
U.S. spying is driving some of its allies to build an undersea cable from Portugal to Brazil, according to a report.
*Cable between Portugal and Brazil could cost $185 mln. BRUSSELS, Feb 24- Brazil and the European Union agreed on Monday to lay an undersea communications cable from Lisbon to Fortaleza to reduce Brazil's reliance on the United States after Washington spied on Brasilia.
*Growth in Portugal has started to become sustainable. FRANKFURT, Feb 22- Weakness in euro zone price pressures is extending into the medium-term, the time horizon the European Central Bank looks at when deciding on policy, ECB policymaker Peter Praet said.
LISBON, Feb 18- The European Central Bank has played a key role in stabilising the euro zone but governments must now keep up economic reforms to allow growth in the bloc to "surprise on the upside", a top ECB policymaker said on Tuesday.
BRUSSELS, Feb 17- The European Union suspended sanctions on eight of Zimbabwe's most powerful military and political figures on Monday, but kept them on President Robert Mugabe and his wife, in a cautious easing of policy after last year's disputed elections.
WASHINGTON, Feb 12- The International Monetary Fund's board on Wednesday said Portugal was on track with the conditions of its bailout program, and gave the euro zone country about 910 million euros. Portugal has so far gotten about 25 billion euros of the 26.9 billion euros the Fund pledged over three years to help Lisbon deal with a debt crisis, the IMF said.
*Lisbon raises 3 bln euros in tap of 2024 bond. LONDON, Feb 11- Portuguese government debt yields edged up on Tuesday as investors made room for fresh paper from a chunky bond sale that took Lisbon closer to exiting its international bailout later this year.
*Portugal launches 10- year debt sale via syndication. LONDON, Feb 11- Portuguese bond yields rose on Tuesday as Lisbon launched a 10- year debt sale in a further step towards regaining regular market access before its planned exit from an international bailout later this year.
*Portugal plans 10- year debt sale- Diario Economico. *Portugal aims to capitalise on investor hunger for yield. Portugal aims to exit a 78 billion euro EU/IMF bailout later this year and investor demand at such debt sales will be seen as a measure of the Lisbon's ability to secure funding without an international safety net.
LISBON, Jan 28- From the rattle of weaving looms and footwear stitching machines in northern Portugal to the rumble of trucks shipping high-quality paper across the eastern frontier, the nation's export firms are buzzing with activity despite three years of economic crisis at home.
*Spain, Italy insulated by large domestic investor holdings. Bond yields in Portugal, seen as the other weak link in the region, fell.
LONDON Jan 24- Copper fell to its lowest in a month on Friday and was on track for its biggest weekly fall since mid-November as slowing growth in China's factories fuelled worries about demand in the world's top metals consumer.