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Europe News Portugal

  • LISBON, Portugal— Portugal's economy continues to rebound from its recent crisis, with the unemployment rate in February falling to an eight-year low of 9.9 percent. The national statistics agency says that youth unemployment remains high, as in much of the European Union, at 23.3 percent. The National Statistics Institute said Friday that after a revision of...

  • The ECB is breathing a sigh of relief after the first round of the French election but they are unlikely to change their policy stance until June.

  • SAO PAULO, April 24- The Spanish and Brazilian governments have teamed up to lay an undersea cable in the Atlantic Ocean to offer fast online and cloud services to citizens of both countries by 2019, underscoring efforts to rout communications outside North America. The cable will also connect the archipelagoes of Madeira, Spain's Canary Islands and Africa's...

  • WASHINGTON, April 21- Legal challenges are unlikely to stop the sale of Portugal's Novo Banco, the country's deputy finance minister Ricardo Mourinho Felix said on Friday, adding that the central bank was confident in the legitimacy of the process. A failed bidder for the bank, which was carved out of collapsed Banco Espirito Santo in 2014, asked its lawyers this...

  • Jeroen Dijsselbloem, president of the Eurogroup.

    Portugal's deputy finance minister said Jeroen Dijsselbloem's days as Eurogroup president appear to be numbered after his 'shocking' comments.

  • *Aethel Partners wants to block sale to Lone Star. LISBON, April 20- A failed bidder for Portugal's third-largest lender Novo Banco has asked its lawyers to block the 1 billion euro sale to U.S. fund Lone Star and told the central bank it should relaunch the bidding. It said the central bank had not properly considered its 3.8 billion euro bid when it awarded Novo...

  • Portugal's economic progress makes it increasingly difficult for rating agencies to explain their junk investment ratings; Deputy Finance Minister.

  • Free trade needs to be fair, says Portuguese Official

    Ricardo Mourinho Félix, Portugal’s deputy finance minister, says he is not in support of populist or protectionist rhetoric, when asked about the U.S. administration’s agenda.

  • Portugal's domestic reforms not an act of 'smoke and mirrors': Official

    Ricardo Mourinho Félix, Portugal’s deputy finance minister, comments on the country's economic state with discussion on debt levels.

  • Portugal was shocked by Eurogroup Chief's words on 'booze and women': Official

    Ricardo Mourinho Félix, Portugal’s deputy finance minister, talks about Eurogroup President Jeroen Dijsselbloem, after the EU boss offended South EU nations with his "booze and women" remarks.

  • Obviously, we’re keeping an eye on French election: Portuguese official

    Ricardo Mourinho Félix, Portugal’s deputy finance minister, says he’s confident that the French population will vote to maintain free trade and the European framework.

  • Ratings agencies struggling to justify Portuguese junk status: Official

    Ricardo Mourinho Félix, Portugal’s deputy finance minister, comments on three credit ratings agencies' decision to keep Portugal's debt on “junk” status.

  • CHICAGO, March 27- A cadre of U.S. lawmakers and food safety advocates are pressuring the federal government to join other nations blocking shipments of raw beef from Brazil in the face of a scandal in that country's meatpacking sector. The United States has already started testing all beef from Brazil for pathogens. A box of meat imported from Brazil now would be...

  • LISBON, March 24- Portugal slashed its budget deficit last year by more than half to 2.1 percent of gross domestic product, the lowest level since its return to democracy in 1974 and beating the 2.5 percent target agreed with Brussels. Official data showed on Friday the budget gap ended for the first time below the European Union's 3 percent threshold,...

  • LISBON, March 16- U.S. private equity firm Lone Star is closer to taking control of Portugal's Novo Banco with an offer to inject up to 1 billion euros into the bank in return for a 75 percent stake, sources told Reuters. Lone Star had initially sought to take control of all of the state-owned bank's capital as well as requesting a state guarantee covering up to 2.5...

  • *Coming Up: U.S. Housing starts, Building permits Feb at 1230 GMT. MELBOURNE, March 16- London copper hit its highest in more than one week on Thursday as the dollar dropped after the U.S. All metals increased, with copper prices as supply disruptions at mines in Chile, Peru and Indonesia continue to add to concerns over supply deficits. "

  • Retirement couple on beach surfing

    More and more, retirees are heading overseas to spend their golden years. CNBC.com shares International Living's top picks.

  • LISBON, March 1- An about-turn in investment- which rose 5 percent in the fourth quarter after a long slide- pushed Portugal's economy to its highest year-on-year growth since mid-2010 at the end of last year, official data showed on Wednesday. Between 2011 and 2014, Portugal was part of a European Union/International Monetary Fund bailout program, which it...

  • LISBON, Feb 24- Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, a top EU official said on Friday. The commission's latest forecast pointed to a 2.3 percent deficit but "in any case, Portugal has outperformed on the target set by the Council" in...

  • Feb 15- Pan-European exchange Euronext may still buy a clearing house for derivatives if its planned purchase of LCH SA, which it uses, from London Stock Exchange falls through. Euronext has agreed to buy Paris- based LCH SA for 510 million euros, but the deal can only go ahead if LSE Group succeeds in merging with Deutsche Boerse, a tie-up regulators will rule on by...