Portugal
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Portugal's top bankers have called on Europe's leaders to stop "playing with fire" and moderate their stance towards the euro zone periphery, or risk instilling alarm among bank depositors in future, the FT reports.
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A 4 G network will give the fourth-biggest operator in Spain an advantage over rivals Telefonica and Vodafone, which have lost share to low-cost providers as customers in Spain- where the unemployment rate stands at 27 percent- seek cheap deals. Taulet said Yoigo, owned by Sweden's Teliasonera, will offer 4 G services in the Madrid region from July 18.
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Didier Saint Georges, a member of the investment committee at Carmignac Gestion, says the environment for European bond investors remains supportive, following the successful Portuguese 10-year bond auction.
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LONDON, May 07 Fitch Ratings has affirmed Portugal Telecom SGPS SA's Long-term Issuer Default Rating at' BBB' with a Negative Outlook. At the same time, the agency has affirmed the senior unsecured rating of the bonds issued by Portugal Telecom International Finance BV at' BBB.'.
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BRUSSELS, May 7- Portugal's preparations to issue a new benchmark 10- year bond are an "enormous success", European Central Bank policymaker Yves Mersch said on Tuesday. Mersch said Portugal "this morning had an enormous success in the capital markets after having very strong measures implemented back home the markets rewarded it."
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FRANKFURT, May 7- An influx of people from crisis-hit southern European countries like Spain, Italy and Greece has led to the biggest surge in German immigration in nearly 20 years. The Federal Statistics Office said on Tuesday that 1.081 million immigrants flocked to Germany last year, up 13 percent from 2011 and the highest number since 1995..
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BERLIN, May 7- The European Union must aim to have made "decisive progress" by the end of June on its plans to create a banking union, French Finance Minister Pierre Moscovici said on Tuesday.
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LONDON, May 7- The Republic of Portugal, rated Ba3/BB/BB+, recorded over EUR9bn of orders for its no-grow EUR3bn 10- year bond when European books closed on Tuesday, said banks managing the deal. Books are still open for US investors but will close at 8:30 a.m. New York time or 1:30 p.m. London time.
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LONDON, May 7- Cajas Rurales Unidas Sociedad Cooperativa de Credito is poised to be the first of Spain's troubled savings banks to sell a benchmark bond issue in over two years, with demand for its EUR500m covered deal reaching almost double that amount.
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*Portugal poised to sell 1st 10- year bond since bailout. Portugal was looking to raise 3 billion euros in the syndicated deal at a yield around 5.6 percent. The general sentiment in the periphery has given support to Portugal.
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BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softening of his stance on a European banking union on Tuesday, saying the euro zone should press ahead on the basis of current law without waiting for a controversial overhaul of the EU's Lisbon treaty.
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BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softening of his stance on a European banking union on Tuesday, saying the euro zone should press ahead on the basis of current law without waiting for a controversial overhaul of the EU's Lisbon treaty.
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Portugal, rated Ba3/BB/BB+, intends to raise no more than EUR3bn through the debt sale, and has already finalised guidance for the deal at mid-swaps plus 400 bp, the tight end of mid-swaps plus 400-405 bp official talk and initial thoughts of plus 405 bp area.
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LONDON, May 7- The Republic of Portugal, rated Ba3/BB/BB+, has fixed the spread on its no-grow EUR3bn 10- year bond at mid-swaps plus 400 bp, a bank managing the deal said on Tuesday.
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FRANKFURT, May 7- An influx of people from crisis-hit southern European countries like Spain, Italy and Greece has led to the biggest surge in German immigration in nearly 20 years. The number of immigrants coming from Spain, Greece, Portugal and Italy rose by 40 percent or more compared to the prior year.
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LONDON, May 7- German Bunds held steady on Tuesday, with expectations the European Central Bank may ease policy offsetting selling pressure from a pick-up in the U.S. labour market.
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Anastasios Economou, founder of iGroup and YPO (Young Presidents' Organization) member, tells CNBC the Cyprus crisis has led to CEO confidence in the core European countries hitting its lowest level, as indicated by the YPO Global Pulse.
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*CEO says Italy, Spain, Portugal starting to improve. ZURICH, May 7- Adecco, the world's largest staffing company, said there were signs austerity-ravaged markets in southern Europe were starting to stabilise as big drops in wages make workers there more competitive.
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LONDON, May 7- The Republic of Portugal, rated Ba3/BB/BB+, is taking indications of interest from investors on its new 10- year bond, with initial price thoughts set at mid-swaps plus 405 bp area, a bank managing the deal said on Tuesday. The yield on the Portugal's outstanding 10- year bond fell to 5.509% on Monday- its lowest since September 2010.
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*ANKARA- Prime Minister Tayyip Erdogan to address a parliamentary group meeting of his ruling AK Party. *ANKARA- Parliament Speaker Cemil Cicek to chair a meeting of the assembly's constitutional conciliation commission. *ANKARA- Erdogan to meet FIFA President Sepp Blatter.
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Padhraic Garvey, head of developed market rates at ING Wholesale Banking, tells CNBC it has been a fantastic couple of weeks for the periphery with very strong returns.