Europe News Portugal

  • *But now Lisbon aims to copy Berlin's success. Already Lisbon has earned the right to host Europe's biggest tech conference, Web Summit, this month. Lisbon is a small speck in the universe of Europe's startup giants like London and Berlin, not least due to an acute shortage of venture capital in the Portuguese economy, which remains slow growing and heavily...

  • Klaus Regling's remarks may reassure investors by showing how Europe could respond any future emergency, including in a larger country such as Italy. Europe is slowly recovering from a debt crisis triggered by the collapse of banks but an overhang of almost 1 trillion euros of bad loans threatens further trouble ahead. Asked about Italy, Regling, who heads the...

  • But amid the furore, Portugal's bond yields rose only slightly, allowing them to narrow the gap with German equivalents to their tightest in over six weeks. Rating agency DBRS on Friday maintained Portugal's credit rating at the lowest investment grade level with a stable outlook after months of market speculation that it could downgrade the slow-growing,...

  • No clear route for getting rid of NPLs: DBRS

    Elisabeth Rudman, head of European financial institutions group at DBRS, says the challenge in Europe and for the Portuguese banks is raising additional capital.

  • Portuguese investors breathed a sigh of relief that the country's credit rating had not been slashed to junk status as bond yields slip lower.

  • LONDON, Oct 24- Stock markets rose on Monday, led in Europe by a surge for Spain's IBEX index on signs of an end to 10 months of political deadlock that has paralysed government in one of the countries worst-hit by the euro zone's debt crisis. The bond yields at which governments in Europe's debt-ridden southern countries fund their budget gaps were also sharply...

  • LONDON, Oct 24- Stock markets rose on Monday, led in Europe by a surge for Spain's IBEX index on signs of an end to 10 months of political deadlock that has paralyzed government in one of the countries worst-hit by the euro zone's debt crisis. The bond yields at which governments in Europe's debt-ridden southern countries fund their budget gaps were also sharply...

  • The Canadian ratings firm- the only one of the big four agencies that rates Portugal at investment grade- is due to present its review after markets close on Friday. Analysts said that as regulation dictates that Portugal must be informed of the results a day before, the comments by Antonio Costa were seen as a strong hint that Lisbon would keep the key rating.

  • The Canadian ratings firm- the only one of the big four ratings agencies to have an investment-grade rank for Portugal- is due to unveil its review after markets close on Friday. But analysts said that as regulation dictates that Portugal must be informed of the results a day before, the comments by Antonio Costa were seen as a strong hint that Lisbon would keep the...

  • LONDON, Oct 21- Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its highest since March, as the euro came under pressure after the European Central Bank shot down talk of tapering its easy money stance. ECB President Mario Draghi also doused recent market speculation that the central bank had discussed winding down...

  • Mario Draghi, president of the European Central Bank, discusses the effect of monetary policy on inequality, as well as Portugal's economic situation.

  • *China coal futures graphic: http://tmsnrt.rs/2ebqQTL. The majority of analysts had expected China-- the world's biggest coal producer, consumer and importer-- to import less of the fuel in 2016 because of a slowing domestic economy and an official push to limit use of more polluting energy sources. This was a blunt measure that appears to have been enforced...

  • *China coal futures graphic: http://tmsnrt.rs/2ebqQTL. The majority of analysts had expected China-- the world's biggest coal producer, consumer and importer-- to import less of the fuel in 2016 because of a slowing domestic economy and an official push to limit use of more polluting energy sources. This was a blunt measure that appears to have been enforced...

  • LISBON, Oct 14- A Portuguese court has dropped a case accusing a Canadian academic of market manipulation for predicting in a blog six years ago that Portugal would need an international bailout. Peter Boone, a lecturer at the London School of Economics, co-authored blogs saying that, after Greece was bailed out by the European Union and the International...

  • Will Portugal's credit rating be downgraded?

    Ricardo Mourinho Félix, Portugal's treasury secretary, says his country's credit rating outlook is unlikely to change due to financials stability.

  • Portugal is confident it will not lose its sole investment grade rating, a top government official told CNBC.

  • In Portugal's own hands

    Eurogroup president Jeroen Dijsselbloem discusses Portugal's economic situation.

  • LISBON, Oct 6- Portugal aims to narrow its budget deficit to just under 2 percent of gross domestic product next year, its top finance official said on Thursday, in an effort to convince credit rating agencies to maintain their ratings. Heavily indebted, slow-growing Portugal needs to maintain at least one investment grade rating from a recognized rating agency...

  • LONDON, Sept 27- Time Out, best known for its listings magazines, said on Tuesday it was close to setting up its own food and drink markets in London and Porto, after the British firm's first such venture attracted more than a million visitors in Lisbon. "We are in very advanced discussions in London and Porto in Portugal, and we are also progressing very well with New...

  • LONDON, Sept 26- Sterling slipped to a five-week low against the euro on Monday, as lingering worries over the economic impact of Britain's impending exit from the European Union weighed on the currency. Sterling was knocked late on Thursday when British Foreign Secretary Boris Johnson said he expected formal divorce proceedings between Britain and the EU,...