×

Europe News Portugal

  • LISBON, Portugal— Portugal's government says it has paid back to the International Monetary Fund half the money it received from the institution as part of a bailout in 2011, and says the early repayment is evidence the country is financially healthy again. That means Portugal has already paid back 13 billion euros to the IMF. Portugal neared bankruptcy in 2011...

  • LISBON, Portugal— Portugal's central bank says it has picked U.S. private equity firm Lone Star for exclusive final negotiations on its bid to buy Novo Banco, the so-called good bank salvaged by the Portuguese government from the collapse of major lender Banco Espirito Santo. The Bank of Portugal said Monday the negotiations aimed to finalize the terms of a sale...

  • MADRID— In a wide-ranging tax fraud case that captivated Spain, Princess Cristina was found not guilty Friday of being an accessory to fraud but her husband was convicted and sentenced to more than six years in prison. A panel of judges ruled that Cristina, the 51- year-old sister of King Felipe VI, will be required to pay nearly 265,000 euros in fines because the...

  • LISBON, Portugal— Portuguese prosecutors are bringing charges of corruption, money-laundering and forgery against Angolan Vice President Manuel Vicente as part of an investigation in Lisbon, Portugal's attorney general's office said Thursday. The magistrate, Vicente's lawyer and his representative in Portugal are also accused in the case, called...

  • LISBON, Portugal— Lisbon's growing popularity with foreigners is compelling the Portuguese government to adapt a military airport for commercial flights. The number of visitors to Lisbon grew by more than 8 percent last year, after a 5 percent increase in 2015.. Passengers arriving in Montijo will travel 13 kilometers by ferry or 32 kilometers by road into...

  • LISBON, Portugal— Portugal's government has proved its critics wrong, slashing the debt-heavy country's budget deficit to its lowest level in more than 40 years despite warnings that its anti-austerity policies could spell financial disaster. Some other eurozone countries expressed alarm when the center-left Socialist government, with the support of...

  • 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, Portugal— Portugal's finance minister has kept his job— just. After calling a news conference to explain his widely criticized handling of a state-owned bank appointment, Finance Minister Mario Centeno earned public statements of support from the prime minister and president. Centeno is credited with keeping Portugal's debt reduction policies on...

  • LISBON, Portugal— Portugal's finance minister is at the center of a political storm that could decide his future in the government: did he or didn't he lie to Parliament? The opposition Popular Party claims it has proof Finance Minister Mario Centeno lied when he told lawmakers he had no written exchanges with the new head of a state-owned bank over that person's...

  • *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.

  • LISBON, Nov 20- Chinese conglomerate Fosun has agreed to buy a 16.7 percent stake in Portugal's largest listed bank, Millennium bcp, for 174.6 million euros via a reserved capital increase and confirmed its intention of raising that stake to up to 30 percent. Under the terms of the deal, Fosun subscribed to the issue of 157,437,395 new BCP shares at a price of 1.1089...