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  • BRUSSELS— Portugal's fellow states in the 19- nation eurozone are keeping a wary eye on its new government's plans to roll back budget austerity measures, with the bloc's top executive and Germany both warning the country not to miss deficit targets. Although Portugal has received conditional approval for its budget from the European Commission, German...

  • LISBON, Feb 10- Portugal's new Socialist government will be rigorous in controlling the budget to ensure financing for the economy, aware of recent jumps in bond yields, Finance Minister Mario Centeno said on Wednesday. Portugal's 10- year bond yields hit their highest since October 2014 on Tuesday although they retreated slightly on Wednesday to around 3.52...

  • LISBON, Portugal— The Portuguese government says it has agreed to buy 50 percent of the country's carrier TAP Air Portugal for 1.9 million euros. Prime Minister Antonio Costa, Planning and Infrastructure Minister Pedro Marques and Finance Minister Mario Centeno were at the ceremony in Lisbon. On Jan. 7, the Cabinet announced it was annulling the concessions to...

  • LISBON, Portugal— In a tug of war over budgets, the European Commission approved Portugal's so-called anti-austerity spending plan on Friday, but only after extracting a promise for almost $1 billion in additional cost cuts. Left-wing and center-left governments— particularly in Greece, Spain, Italy and France— have long complained that the EU's executive...

  • *France, Italy, Spain, Portugal at odds with EU commitments. BRUSSELS, Feb 4- Almost half of euro zone countries are facing a clash over EU deficit reduction rules unless they change policies, European Commission forecasts showed, posing a challenge to EU laws that set limits on spending to protect the value of the euro. Governments also argue that they need to spend...

  • LISBON, Portugal— Portugal's government is looking to increase taxes on the country's most profitable business sectors as it tries to reconcile the debt-cutting demands of European authorities with its anti-austerity promises to workers and pensioners. The minority Socialist government holds power due to the parliamentary support of the Communist...

  • SHANGHAI, Jan 25- As a slick slide presentation runs for the well-heeled investors jammed into the banqueting hall of Shanghai's Renaissance Yangtze Hotel, an image flashes up of a grinning Chinese man pushing a wheelbarrow full of cash into Europe. "The yuan will keep depreciating as time goes by, so we should swap the money we have in hand into tangible assets," Li...

  • SHANGHAI, Jan 25- As a slick slide presentation runs for the well-heeled investors jammed into the banqueting hall of Shanghai's Renaissance Yangtze Hotel, an image flashes up of a grinning Chinese man pushing a wheelbarrow full of cash into Europe. "The yuan will keep depreciating as time goes by, so we should swap the money we have in hand into tangible assets," Li...

  • There’s investor confidence in Portugal: Econ. min Friday, 22 Jan 2016 | 2:50 AM ET
    There’s investor confidence in Portugal: Econ. min

    Portugal’s economy minister, Manuel Caldeira Cabral discusses the country’s budget for 2016 adding that Portugal’s growth is increasing and will do throughout 2016.

  • Brussels has on various occasions urged Portugal to come up with a draft as soon as possible after Lisbon missed a mid-October deadline due to an election. Portugal exited a bailout in 2014 after austerity and reform measures and the economic recovery that started then accelerated in 2015. Samuel da Rocha Lopes, professor at Nova University's business and...

  • Say hello to the new world leaders Friday, 1 Jan 2016 | 4:58 AM ET
    Greek Prime Minister Alexis Tsipras

    CNBC looks at the elections in 2015 that marked substantial upsets and led to seismic changes on the global political map.

  • SAO PAULO, Dec 21- Banco Itaú BBA International SA, the London- based wholesale and investment-banking arm of Itaú Unibanco Holding SA, appointed Renato Lulia as chief executive officer on Monday, as Latin America's largest lender by market value strengthens ties with European and Asian investors. Lulia, an Itaú executive for 14 years, replaces Charles...

  • Portugal’s tourism in one of best periods Friday, 18 Dec 2015 | 4:20 AM ET
    Portugal’s tourism in one of best periods

    Turismo de Portugal President, Joao Cotrim de Figueiredo, says financing has been available for Portugal’s tourism as its projects prove profitable.

  • SAO PAULO, Dec 2- Grupo BTG Pactual SA's sale of a 12 percent stake in Brazilian hospital chain Rede D'Or São Luiz SA marks the first of many divestments that will help the bank exit market segments other than banking, Chairman Persio Arida told Reuters on Wednesday. The efforts include selling the bank's stake in Recovery do Brasil SA, Latin America's largest...

  • The most unequal developed nation is... Tuesday, 24 Nov 2015 | 7:00 PM ET
    A musician plays a flute sitting on the footpath next to New York Stock Exchange (NYSE) building in New York.

    Inequality within developed nations is often increasing. Here are the most unequal OECD economies according to Morgan Stanley.

  • Portugal names Socialist leader as prime minister Tuesday, 24 Nov 2015 | 7:31 AM ET

    Portugal named Antonio Costa as prime minister on Tuesday, leading to the country's first Socialist government to be backed by the far left.

  • LONDON, Nov 11- Portuguese government bond yields reversed early rises on Wednesday as the prospect of additional stimulus from the European Central Bank trumped concerns over political uncertainty in Lisbon. Benchmark 10- year yields in Portugal rose more than 5 basis points in early trade before reversing track to trade 3 bps lower at 2.76 percent.

  • Nothing to see here: Portugal's doomed government out Wednesday, 11 Nov 2015 | 9:46 AM ET

    The prime minister's been ousted and the country faces either further elections or an unstable left-wing coalition.

  • ECB rate-cut talk buffers Portuguese bonds Wednesday, 11 Nov 2015 | 6:34 AM ET

    LONDON, Nov 11- Portuguese government bond yields reversed early rises on Wednesday as the prospect of additional stimulus from the European Central Bank trumped concerns over political uncertainty in Lisbon. Benchmark 10- year yields in Portugal rose more than 5 basis points in early trade before reversing track to trade 1.6 bps lower at 2.78 percent.

  • *Asia shares flat, copper slides towards 6- year low. LONDON, Nov 11- Copper prices teetered near a six-year low on Wednesday as the dollar pulled back slightly, after mixed Chinese data showed growth in the world's second-biggest economy was still in low gear. Chinese shares saw a late rally to end the day marginally higher, while London's FTSE, Germany's DAX and...