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Portugal

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  • 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...

  • WRAPUP 1-Isolated Greece rejects bailout extension Friday, 6 Feb 2015 | 10:45 AM ET

    *Greece said to want "bridge agreement" on finances. *Crunch meetings on Greece next week. Varoufakis returned empty-handed from a tour of European capitals in which even left-leaning governments in France and Italy insisted Greece must stick to commitments made to the European Union and International Monetary Fund and rejected any debt write-off.

  • LISBON, Feb 6- Portugal went through years of tough austerity which is now bearing fruit and Greece too must abide by its commitments to its single currency partners and creditors, Portugal's economy minister told the Reuters Euro Zone Summit. Antonio Pires de Lima ruled out any kind of debt renegotiation for Greece, saying Athens had to play by the rules of the...

  • Will Draghi deliver today?   Thursday, 22 Jan 2015 | 4:35 AM ET
    Will Draghi deliver today?

    At Davos, António Pires de Lima, economy minister of Portugal, talks about sovereign bond-buying, saying he doesn't want Europe to face a Japanese deflation-style stagnation.

  • Jan 15- The European Central Bank will almost certainly embark on a sovereign bond purchase program, and possibly announce one as soon as next week, according to economists in a Reuters poll. After exhausting almost every other policy tool- interest rates are rock-bottom, banks have been flooded with cheap cash and financial securities snapped up- buying...

  • BRUSSELS, Jan 15- The following is the text of a discussion paper sent by EU foreign policy chief Federica Mogherini to the 28 members of the European Union, spelling out options for future relations with Russia. In this context the question arises whether to complement that policy with a more proactive approach in order to induce a policy change from Russia.

  • LISBON, Jan 15- The future buyer or buyers of Portugal's flag carrier TAP will be barred from laying off workers en masse as long as the state remains a shareholder, the government said on Thursday. At a cabinet meeting on Thursday, the government approved a prospectus with conditions for TAP privatisation, which also include preserving TAP's status as the...

  • BRUSSELS, Jan 14- European Union foreign policy chief Federica Mogherini has suggested EU states could re-engage with Russia on global diplomacy, trade and other issues in return for gradual steps to defuse the crisis over Ukraine. Lamenting "negative spillover" from Ukraine into many areas of cooperation with Russia, and noting recent EU threats to step up...

  • Paris attack: Front pages from around the world Thursday, 8 Jan 2015 | 2:45 PM ET
    The covers of German newspapers 'Berliner Zeitung,' 'Bild,' 'Neue Presse' 'Die Welt' and 'Frankfurter Rundschau,' headlining the terrorist attacks yesterday in Paris.

    Here's how newspapers around the world reacted to Wednesday's attack at Paris' Charlie Hebdo magazine.

  • Why this Greek drama won't be like the last one Monday, 5 Jan 2015 | 1:44 PM ET
    Pensioners receive free food as part of a protest during a nightlong rally in Athens, Dec. 10, 2014.

    Get ready for another Greek debt crisis in Europe. But don't worry——this one will be different.

  • LISBON, Dec 12- Portugal Telecom SGPS has called a general shareholder meeting on Jan. 12 to vote on telecoms group Altice's planned acquisition of Portuguese operations from Brazil's Oi for 7.4 billion euros. PT SGPS now has no assets other than the stake in Oi and 900 million euros in defaulted debt by a bankrupt holding company of the Espirito Santo family.

  • LISBON, Dec 5- Telecoms group Altice's plan to buy the Portuguese operations of Brazil's Oi for 7.4 billion euros depends on winning the backing of shareholders in Portugal Telecom SGPS, the holding company which owns 25.6 percent of Oi, a spokesman for Portugal Telecom said. Lisbon- listed Portugal Telecom SGPS is the target of a 1.2 billion-euro takeover offer...

  • Germany's DAX extends rally; OPEC sinks energy firms Thursday, 27 Nov 2014 | 10:32 AM ET

    *Energy shares under pressure as OPEC maintains supply. LONDON, Nov 27- European shares rose on Thursday led by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank. At the same time weak inflation data raised again the spectre of deflation in the region,...

  • European shares rise, boosted by Germany's DAX Thursday, 27 Nov 2014 | 7:34 AM ET

    *Energy shares under pressure ahead of OPEC meeting. LONDON, Nov 27- European shares rose on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank. At the same time Spanish and Italian stocks rose as expectations mounted that the European Central Bank would buy bonds.

  • *Energy shares under pressure ahead of OPEC meeting. PARIS, Nov 27- European shares inched up in early trade on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank. "The results are better-than-expected, thanks to sales from its liquor and spirits division, as well as better...

  • We trust the ECB: Portuguese politician   Thursday, 6 Nov 2014 | 3:30 AM ET
    We trust the ECB: Portuguese politician

    Bruno Maçães, Secretary of State for European affairs for Portugal, says the European Central Bank has delivered on its commitment to help the euro zone economy but further structural reform is needed.