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Europe News Portugal

  • 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,...

  • LISBON, Sept 23- Former European Commission President Jose Manuel Barroso on Friday put up a spirited defense of his right to work for U.S. bank Goldman Sachs, after the commission opened an ethics probe into his move, and he accused it of acting arbitrarily. a visibly agitated Barroso, who is a former Portuguese prime minister, said in his first public comments to...

  • LISBON, Sept 23- Former European Commission President Jose Manuel Barroso on Friday put up a spirited defence of his right to work for U.S. bank Goldman Sachs, after the commission opened an ethics probe into his move, and he accused it of acting arbitrarily. a visibly agitated Barroso, who is a former Portuguese prime minister, said in his first public comments to...

  • LISBON, Sept 22- Portugal's EU/IMF bailout was only a "qualified success," ensuring a return to international bond markets but leaving high debts, weak banks and high unemployment, the International Monetary Fund said on Thursday. The IMF's evaluation of Portugal's 78 billion euro 2011-2014 bailout, to which the Fund contributed a third, found that fiscal...

  • LISBON, Sept 21- Europe's largest tech event, the Web Summit, will double in size when it is held for the first time in Lisbon in November to tackle everything from hot new startups to the race to make driverless cars, its chief executive said on Wednesday. Portugal has pulled off a coup by bringing the Web Summit to Lisbon after it was launched and held every year in...

  • *Portugal's bond reel from worst day since Brexit. LONDON, Sept 16- The premium Portugal would pay over Germany to borrow in bond markets hit its widest in seven months on Friday, ahead of a ratings review that serves as a prelude to a more crucial test of Portuguese creditworthiness next month. But any warnings on its economy, such as those made by Portugal's own...

  • Markets in China remained closed for the Mid-Autumn Festival, thinning trade flows. "Copper consumption in China this year has been far stronger than most people thought and prices are likely to remain supported between $4,600 and $4,900 a tonne over the next quarter," Citi strategist David Wilson said. "Refined copper in Shanghai bonded offered at $60 from $50...

  • *Portugal's bond reel from worst day since Brexit. LONDON, Sept 16- The premium Portugal would pay over Germany to borrow in bond markets hit its widest in seven months on Friday, ahead of a ratings review that serves as a prelude to a more crucial test of Portuguese creditworthiness next month. Standard and Poor's is not expected to alter its junk rating for...

  • Standard and Poor's is not expected to alter its junk rating for Portugal on Friday. But any warnings on its economy-- such as those from Portugal's budget watchdog on Thursday-- may feed fears that DBRS will remove the country's last investment-grade rating, which Lisbon needs to qualify for ECB bond purchases on Oct. 21. Losing the support of the central bank could...

  • MELBOURNE, Sept 16- London copper was little changed on Friday as a holiday in China crimped liquidity, but was set to log its largest weekly rise in two months as China's economy shows signs of finding its feet. *Three-month copper on the London Metal Exchange was trading little changed from the previous session at $4,777.50 a tonne by 0024 GMT.

  • portugal reform risk

    Portugal's Finance Minister Mario Centeno says the country is committed to stabilizing its financial sector and pushing through structural reforms.