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  • 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...

  • *Portugal and Cyprus could face QE exclusion. Fitch shaved its rating outlook on Portugal from positive to stable, a move seen as raising the risk that DBRS-- which has the investment grade rating Lisbon needs to qualify for QE-- might downgrade it at the end of next month. In a sign of what may come for Portugal, an ECB spokesperson said on Tuesday that junk-rated Cyprus...

  • *Portugal and Cyprus could face QE exclusion. Fitch shaved its rating outlook on Portugal from positive to stable, a move seen as raising the risk that DBRS-- which has the investment grade rating Lisbon needs to qualify for QE-- might downgrade it at the end of next month. In a sign of what may come for Portugal, an ECB spokesperson said on Tuesday that junk-rated Cyprus...

  • LISBON, Feb 24- Portugal's Novo Banco said on Wednesday it does not expect a turnaround until 2018, after new provisions for risky assets at the state-rescued lender turned a 2015 positive operating result into a 2015 net loss of 981 million euros. The results are a setback for Lisbon, which is desperately trying to sell the "good bank" successor to Banco Espirito...

  • *ECB seen hitting bond limits in Germany, Finland, Portugal. LONDON, Feb 23- The European Central Bank could run out of government bonds to buy within a year if it does not relax its own restrictions on purchases, dealing a blow to its mission to boost growth in the euro zone and lift inflation. Otherwise it risks running out of the bonds it can buy from some countries,...

  • Euronext, which operates exchanges in Paris, Amsterdam, Brussels, London and Lisbon, plans to announce a new strategic plan in the second quarter of 2016, he added. The company's earnings before interest, tax, depreciation and amortization rose to 283.8 million euros in 2015 from 225.4 million euros a year earlier. Revenue from listings rose 14.2 percent to 70.5...

  • *China to import less copper in Feb, March- StanChart. MELBOURNE, Feb 16- London copper rallied on Tuesday as China markets stabilised, soothing fears that a further sharp deterioration in Chinese shares or currency could derail a fragile global recovery and impair demand for metals. Three-month copper on the London Metal Exchange had climbed 0.7 percent to...

  • *China to import less copper in Feb, March- StanChar. MELBOURNE, Feb 16- London copper rallied on Tuesday on hopes that China would take fresh measures to kickstart its economy after January trade was dragged down by faltering growth in global markets. China's economy faces great challenges and new uncertainties because of the global economic environment and...

  • MELBOURNE, Feb 16- London copper rallied on Tuesday on hopes that China would unleash fresh easing measures to kickstart its economy after January trade was dragged down by faltering growth in global markets. *Shanghai Futures Exchange copper rose 0.2 percent to 35,750 yuan a tonne. *The global zinc market deficit widened to 25,400 tonnes in December from a...

  • ROME, Feb 15- Italy's public finance difficulties are set to deepen as its economy weakens, and it may be punished by the markets even if Prime Minister Matteo Renzi reaches a compromise with the European Commission over this year's budget. Tax revenues may also disappoint, making it less likely Italy can bring down its huge debt for the first time in eight years as...

  • *Size and pattern of market moves make some fear third crisis. *Investors pick on Portugal as euro zone weak link. LONDON, Feb 12- Don't panic yet, but the financial market upheaval in recent days is worryingly reminiscent of when the 2008-2009 global financial crisis and the 2011-2012 euro zone debt crisis were in their early stages.

  • Portugal fin min: Must maintain positive market perception

    Mario Centeno, Portugal's finance minister, says his country needs to communicate its commitment to fiscal consolidation.

  • LISBON, Feb 10- Portugal's new Socialist government will be rigorous in controlling the budget to ensure financing for the economy, aware of recent jumps in bond yields, Finance Minister Mario Centeno said on Wednesday. Portugal's 10- year bond yields hit their highest since October 2014 on Tuesday although they retreated slightly on Wednesday to around 3.52...

  • Porto, Portugal.

    Portugal's budget for 2016 was judged to be "at risk of non-compliance" with European Union rules.

  • A Spanish Guardia Civil boat patrol the water.

    In an age of terror, its high time that global leaders get this unregulated industry under control, says Ami Daniel.