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Europe News Portugal

  • 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...

  • FRANKFURT, Nov 14- Actions taken by bankers or bank shareholders to mitigate any potential conflict of interests will be taken into account by the European Central Bank when it is considering whether they are "fit and proper" to hold their positions. "What we... would like to see in the conflict of interest policy is that the candidate ensures that he will always act...

  • FRANKFURT, Nov 14- Actions taken by bankers or bank shareholders to mitigate any potential conflict of interests will be taken into account by the European Central Bank when it is considering whether they are "fit and proper" to hold their positions. "What we... would like to see in the conflict of interest policy is that the candidate ensures that he will always act...

  • FRANKFURT, Nov 14- Actions taken by bankers or bank shareholders to mitigate any potential conflict of interests will be taken into account by the European Central Bank when it is considering whether they are "fit and proper" to hold their positions. "What we... would like to see in the conflict of interest policy is that the candidate ensures that he will always act...

  • FRANKFURT, Nov 14- Actions taken by bankers or bank shareholders to mitigate any potential conflict of interests will be taken into account by the European Central Bank when it is considering whether they are "fit and proper" to hold their positions. "What we... would like to see in the conflict of interest policy is that the candidate ensures that he will always act...

  • LISBON, Nov 8- The most exciting part of the technology in driverless cars will be the one spent in the extra two hours drivers will gain per day when they no longer have to sit behind the wheel, the chief executive of Renault-Nissan said on Tuesday. Speaking to Reuters at the Web Summit being held this week in Lisbon, Carlos Ghosn said the extra two hours- the average...

  • Portugal has seen increase in tourism post-Brexit: Econ Min

    Portugal’s Minister of Economy, Manuel Caldeira Cabral talks about the Brexit aftermath and how it may – or may not – impact Portugal and trade.

  • Our recovery focuses on technology: Portugal Min

    Portugal’s Minister of Economy Manuel Caldeira Cabral talks about the state of Portugal’s economy, and how it’s recovering.

  • Portugal has strong startup ecosystem: Economy Min

    Portugal’s Minister of Economy Manuel Caldeira Cabral says it was a “great achievement” for Lisbon to secure 2016’s Web Summit event, while commenting on the country’s technological ecosystem.

  • We're only emigrating for a few years: Web Summit CEO

    Paddy Cosgrave, CEO and founder of Web Summit, talks about the event's move to Portugal from Ireland and the impact of the U.S. election on the world.

  • *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...