• Brazil, EU plan undersea cable to fight US spying Tuesday, 25 Feb 2014 | 11:42 AM ET
    The Brazilian flag (L) and the European flag are seen on February 24, 2014 during the 7th Eu-Brazil summit at the EU Headquarters in Brussels.

    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.

  • EU eases Zimbabwe sanctions, keeps them on Mugabe Monday, 17 Feb 2014 | 12:06 PM ET

    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.

  • METALS-Copper falls on signs of slowing China growth Friday, 24 Jan 2014 | 7:24 AM ET

    LONDON/ SYDNEY, Jan 24- Copper dipped on Friday and was on track for its biggest weekly fall since mid-November as slowing growth in China's factories fuelled worries over demand in the world's top metals consumer.

  • Portugal will grow in 2014: Economy minister     Thursday, 23 Jan 2014 | 5:40 AM ET

    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.

  • Portugal could cope without credit line: Minister Thursday, 23 Jan 2014 | 12:00 AM ET
    Portuguese Economy Minister Antonio Pires de Lima

    Portugal could exit its multibillion-euro bailout program without a precautionary credit line, says the country's economy minister.

  • *Rules at SEC and ECB bolster big three. LONDON, Jan 20- For all the outrage over the role of the big three credit-rating firms in the financial crisis, they show no sign of losing their grip on the highly profitable industry.

  • *Irish yields seen closing in on those of France, Belgium. LONDON, Jan 20- Ireland's five-year borrowing costs fell to their lowest in the 92- year history of the state on Monday as investors snapped up its bonds after Moody's restored the country's credit rating to investment grade.

  • LONDON, Jan 17- European shares reached a new 5-1/ 2 year high on Friday as a third weekly gain on the spin for Portuguese and Spanish bonds fed improving sentiment in the region's Mediterranean rim.

  • *Bank earnings drag on U.S. shares, put dampener on Asia. LONDON, Jan 17- European shares were hovering at 5-1/ 2 year highs on Friday as a third weekly gain on the spin for Portuguese and Spanish bonds fed improving sentiment in the region's Mediterranean rim.

  • Chris Zwermann, global strategist at Zwermann Financial, says with an improving economy and the long-term interest rates going down, Portugal will be the "market of the year" to invest in.

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