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  • LISBON, Portugal— Riot police have held back striking Lisbon dock workers while port operators remove ship containers stranded for several weeks by the walkout over pay and labor rights. Dozens of striking stevedores gathered outside gates at Lisbon's port Tuesday and shouted at what they said were strike-breakers helping to load the containers on trucks.

  • LISBON, Portugal— Portugal's finance ministry says it is looking at ways of preventing government departments from using tax havens after the Treasury debt agency was found to have held an investment in Jersey. The Finance Ministry says that the agency held 133 million euros of bonds in a Jersey-based company last year. It said in a statement Friday the bonds...

  • BRUSSELS, May 18- The European Commission on Wednesday issued decisions on how 2016 budgets of euro zone countries fit in with European Union fiscal rules, known as the Stability and Growth Pact, that set limits on government deficit and debt. The Commission could have fined Madrid, using for the first time powers granted by the sharpened EU rules, but decided...

  • BRUSSELS, May 18- The European Commission on Wednesday put off any disciplinary action against Spain and Portugal for busting their budgets until after the Spanish general election on June 26, a political gift to conservative Prime Minister Mariano Rajoy. The Commission had been due to recommend whether to fine Madrid and Lisbon for their repeated breaches...

  • BRUSSELS, May 18- The European Commission deferred any disciplinary action against Spain and Portugal over their excessive budget deficits until after a Spanish general election on June 26, handing caretaker Prime Minister Mariano Rajoy a political favour. Instead, the Commission told Spain and Portugal to take further action to reduce their deficits this...

  • BRUSSELS— The European Union refrained Wednesday from imposing immediate fines on Spain and some other member states despite their failure to meet budget targets, opting instead to give them additional leeway to get back on track. The EU's executive had been expected to impose sanctions on Spain for not meeting EU-prescribed limits for a fourth year running.

  • LISBON, May 17- Fosun Group, China's largest private conglomerate, is aiming to become a world leader in insurance, tourism and healthcare but also has a "clear plan" to reduce its debts, chairman and co-founder Guo Guangchang said on Tuesday. Fosun has spent about $30 billion in the past two decades outside China, mainly acquiring insurance and real estate assets in...

  • PARIS, May 13- European stock exchange operator Euronext said on Friday it was on the lookout for tie-ups of its own as rivals Deutsche Boerse and London Stock Exchange Group negotiate a $30 billion merger. The fusion of its rivals in Frankfurt and London will create a group big enough to eclipse Euronext, prompting the smaller stock exchange operator in Paris to...

  • LONDON, May 6- German Bund yields hit their lowest level in almost three weeks on Friday and recorded their biggest weekly fall since late January against a backdrop of renewed concerns about global growth. Analysts attributed the buying sentiment towards safe-haven German debt to weak Chinese data; lower growth and inflation forecasts from the European...

  • LONDON, May 6- German Bund yields hit their lowest level in almost three weeks on Friday and were set for their biggest weekly fall since late January against a backdrop of renewed concerns about global growth. Analysts put the buying sentiment towards safe-haven German debt down to a number of factors: weak Chinese data earlier in the week, lower growth and...

  • LISBON, May 6- Productive foreign investment in Portugal more than doubled last year and investor interest remains strong despite a turbulent government change in late 2015, the head of the state agency for promotion of exports and investment said. "The investor interest is there, which is visible during roadshows that I've done, and that's excellent news," he...

  • LONDON, May 4- In November 2013 bosses from nine of China's largest copper smelters sat down over a weekend to discuss the state of the local market. They did so because they had lost faith in the official copper production figures released by the National Bureau of Statistics. The NBS had just reported record output in the month of October, equivalent to an...

  • Portugal's Finance Minister, Mario Centeno, says Angola's economic problems are a concern, but the risks to the Portuguese economy are manageable.

  • Portugal's Finance Minister, Mario Centeno, tells CNBC the government is looking at ways to reduce non-performing loans and stabilizing the banking sector.

  • CPI score: 2 Ranked 168 out of 183 countriesGDP per capita: $6,120Since March 2011, youth in Angola have been organizing rallies protesting corruption and misrule under President José Eduardo dos Santos, who has been in power for 32 years. Oil production, along with its related activities, makes up about 85 percent of the country’s GDP, yet only two of the eight oil and gas companies operating in Angola disclose royalties to governments, according to Transparency International’s report on No for

    Portugal’s finance minister denied Angola controlled too much of his country’s banking sector, but said the economic straits of the former colony were a worry.

  • *Follows writing off of Novo debt worth nearly 2 bln euros. LONDON/ LISBON, April 5- A group of 14 asset managers have started legal action against the Portuguese Central Bank over heavy losses on nearly 2 billion euros of bonds in Novo Banco, the bank created from the remains of Banco Espirito Santo, court documents showed. After trading at par prior to the central...

  • WEDNESDAY, MARCH 30 NEW YORK- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Forecasters Club of New York- 1700 GMT. PARIS- Bank of France Governor Francois Villeroy de Galhau speaks in a hearing at the French Senate's finance committee- 0730 GMT. NEW YORK- Federal Reserve Bank of...

  • LISBON, March 22- Portugal's left-leaning government has set out to reverse its predecessor's austerity policies, aiming to grow its way out of trouble by boosting demand and set an example for other post-bailout euro zone countries. Any increase in purchasing power may be too slight to fuel the desired economic take-off, setting up a clash with Brussels soon.

  • *Euronext keen to boost size to stay competitive in Europe. LONDON/ PARIS, March 17- European stock exchange operator Euronext NV is considering acquisitions to help it stay competitive after Deutsche Boerse AG and London Stock Exchange Group Plc agreed to merge in a $30 billion deal, according to people familiar with the matter. With a market value of about 2.6...

  • *Euronext keen to boost size to stay competitive in Europe. LONDON/ PARIS, March 17- European stock exchange operator Euronext NV is considering acquisitions to help it stay competitive after Deutsche Boerse AG and London Stock Exchange Group Plc agreed to merge in a $30 billion deal, according to people familiar with the matter. With a market value of about 2.6...