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  • LISBON, Portugal— Portugal's statistics agency says that the country's budget deficit fell to 2.1 percent last year, with the government saying the drop proved critics of its anti-austerity measures wrong. The National Statistics Institute said Friday the deficit dropped from 4.4 percent in 2015 due to spending cuts and higher tax revenue.

  • 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,...

  • BRUSSELS— Portugal led calls on Wednesday for the eurozone's top official to resign for what many saw as derogatory comments about debt-ridden southern nations spending foolishly and relying on their northern partners to bail them out. Dijsselbloem has shown himself to be sexist, racist, xenophobic and an embarrassment for Europe, and because of that he...

  • LISBON, Portugal— Portugal's attorney general on Friday granted investigators another extension to conclude their 2 1/ 2- year investigation into a former prime minister who is suspected of corruption, money laundering and tax fraud. Socrates, who is 59, was Portugal's center-left Socialist prime minister from 2005 to 2011. Britain responded to a request...

  • 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...

  • *Lisbon to sell 3 bln euros of 10- year bonds. Wrestling a bank crisis, a sluggish economy and reduced support from the European Central Bank, Lisbon is poised to sell three billion euros of a new 10- year bond on Wednesday after attracting demand of more than 8.5 billion euros. "If you look at how much issuance Portugal needs to do this year, and we're looking at around...

  • *Lisbon to sell 3 bn euros of 10- year bonds. Wrestling a bank crisis, a sluggish economy and reduced support from the European Central Bank, Lisbon is poised to sell three billion euros of a new 10- year bond on Wednesday after attracting demand of more than 8.5 billion euros. "If you look at how much issuance Portugal needs to do this year, and we're looking at around 16...

  • LONDON, Jan 11- Portuguese yields held near 11- month highs on Wednesday as the country prepared for its toughest bond sale in years, while an auction of safe-haven German debt was expected to be well supported by investors nervous about an upcoming Donald Trump press conference. Lisbon-- rocked by a persistent bank crisis, sluggish economy and reduced support...

  • *FTSE ends up 0.5 pct, STOXX up 0.1 pct. LONDON/ MILAN, Jan 10 (Reuters)- Britain's FTSE 100 blue-chip index hit fresh record highs on Tuesday, boosted by gains among retailers, while a rally in mining stocks more than offset weaker financials, helping European shares end slightly in positive territory. The pan-European STOXX 600 index inched up 0.1 percent, while the...

  • FRANKFURT, Dec 12- European Union competition regulators have whittled down their concerns about the merger of Deutsche Boerse and London Stock Exchange Group to focus mainly on clearing of derivatives contracts, two sources familiar with the situation said. The EU's executive European Commission, which must approve the merger for it to go ahead, is due to...

  • *Most lawmakers supported Britain staying in the European Union. LONDON, Dec 7- While the British government tries to prevent parliament from having to pass a law to trigger the country's exit from the European Union, Reuters research indicates the lower house would in fact support it, based on lawmakers' recent statements. The government is challenging that...

  • *Most lawmakers supported Britain staying in the European Union. LONDON, Dec 7- While the British government tries to prevent parliament voting on its plan to trigger the country's exit from the European Union, Reuters research indicates the lower house would in fact support its move, based on lawmakers' recent statements. The government is challenging that...

  • *Europe has more developers than United States. Europe is expected to hit $13.6 billion in tech investments in 2016, up from $12.6 billion in 2015 and almost five times levels five years ago, venture capital firm Atomico said in a report released at Slush, one of the region's biggest tech start-up conferences. Five of the world's top ten technical universities...

  • LISBON, Nov 22- When international creditors released Portugal from onerous loan conditions two years ago, they hailed the nation for some major reform achievements- not least, an overhaul of the judiciary. The International Monetary Fund applauded Lisbon for reforming a dysfunctional court system which had been a brake on the economy. And with the European...

  • LONDON, Nov 21- A global surplus of lead narrowed to 4,400 tonnes in September from a revised surplus of 8,900 tonnes in August, data from the Lisbon- based International Lead and Zinc Study Group showed on Monday. For the year to September, the market saw a surplus of 38,000 tonnes versus a deficit of 37,000 tonnes in the first nine months of last year.