Europe News Portugal

  • LONDON, Oct 7- Portuguese government bonds outperformed on Monday after a credit rating upgrade and elections over the weekend that didn't deliver any surprises. The election followed a credit rating upgrade from DBRS on Friday, which lifted Portugal's rating to BBB. "The polls did suggest the results for the elections and I don't think markets are...

  • LONDON, Oct 7- Euro zone government bond yields fell slightly on Monday as investors weighed signs of a resilient U.S. economy against concerns U.S.-Sino trade negotiations could fail. There was some outperformance in Portugal's bond market following a ratings upgrade on Friday and a weekend election. President Donald Trump, Bloomberg reported, and most...

  • LONDON, Oct 7- Global stocks were little changed on Monday as broadly positive U.S. jobs data quelled some fears about an economic slowdown, but nervousness over U.S.- China trade talks persisted and more weak European economic data trickled in. "I think the fact that the U.S. jobs report was broadly positive really put the brakes on the fear factor that was...

  • LISBON, Oct 7- Portugal's ruling Socialists won Sunday's parliamentary election without an outright majority, official results showed early on Monday. With most of the votes counted, the Socialists led with 106 seats. This meant they were first but, with only four seats still not accounted for, they cannot reach the full majority of 116 seats in the 230- seat...

  • LISBON, Oct 7- Portugal's Prime Minister Antonio Costa said his Socialist party had won Sunday's parliamentary election and that Portuguese voters had shown they wanted to stick to the past four years' pact with far-left parties. He also mentioned negotiations with the People-Animals-Nature party party. Costa said he would continue to cut the budget deficit...

  • PORTUGAL'S PRIME MINISTER ANTONIO COSTA SAYS WE ACCEPT THIS TASK OF RULING PORTUGAL FOR NEXT FOUR YEARS WITH DETERMINATION, RESPONSIBILITY.

  • LISBON, Oct 6- Portugal's ruling Socialists had "a great victory" in Sunday's parliamentary election and will seek to form a stable government for four years of the legislature, senior Socialist lawmaker Ana Catarina Mendes said after exit polls were published.

  • LONDON, Oct 4- Euro zone government bond yields were set to fall for a third week on Friday as traders fretted about the impact U.S. tariffs might have on European economies, prompting them to buy safe-haven government bonds. Bonds started to rally on Thursday, sending yields lower, after the United States said it would impose 10% tariffs on European-made Airbus...

  • LONDON, Oct 4- Euro zone government bond yields edged lower on Friday as traders focused on the effect U.S. tariffs might have on the European Union economy and bought safe-haven government bonds. Treasury yields tumbled-- as concern grew that the European Central Bank had limited room to boost growth and inflation. But dismal economic data in the United States...

  • CACILHAS, PORTUGAL - SEPTEMBER 30: Portuguese Prime Minister Antonio Costa meets supporters along Rua Cândido dos Reis as he campaigns ahead of the legislative election.

    Economists are questioning how long Portugal's economic recovery will last with a new political cycle about to begin.

  • ZURICH/ HONG KONG, Oct 3- The announcement by Julius Baer this week that it had hired five senior bankers from Credit Suisse underscores the challenge facing Chief Executive Tidjane Thiam as he seeks to reassure staff and investors in the wake of a spying scandal. Preventing staff defections was at the heart of a decision by Credit Suisse to put former...

  • LUXEMBOURG/ WARSAW, Oct 3- The European Union's top court ruled on Thursday in favor of Polish consumers who took out mortgages in Swiss Francs, allowing them to ask Polish courts to convert the loans into the local currency in a blow for lenders. "The potential consequences of the ruling will be spread over time," Poland's second-largest lender Santander Bank...

  • *Tax evasion costs Italy 110 bln euros per year. ROME, Sept 26- Italy's government has announced a new crackdown on tax evasion as part of its 2020 budget, but it will have a hard time breaking a bad habit that costs the state more than 100 billion euros a year. According to the Treasury's latest estimates, tax dodgers cost the country 109 billion euros on average each...

  • FRANKFURT, Sept 26- Sabine Lautenschlaeger's shock resignation from the European Central Bank illustrates the deep divisions that Christine Lagarde will have to heal when she takes over next month, with some policymakers in open revolt over a new stimulus package. Lautenschlaeger, Germany's appointee to the board of the ECB, said on Wednesday she would step...

  • President Donald Trump and concern over Brexit add to investor worries about poor economic data, especially from Germany. They are at their lowest since Sept. 12, when the European Central Bank unleashed a fresh wave of stimulus measures in an attempt to boost economic growth and inflation. Spain has been the outperformer however, its 10- year yield falling 16...

  • DUBLIN, Sept 24- Ryanair cabin crew in the United Kingdom have voted to approve a collective labour agreement on pay and conditions in the latest step by management to curb a wave of industrial unrest, the airline said on Tuesday. Widespread strikes over pay and conditions by pilots and cabin crew a year ago forced Ryanair to cancel hundreds of flights, but a series...

  • DUBLIN, Sept 24- Ryanair cabin crew in the United Kingdom have voted to approve a collective labor agreement on pay and conditions in the latest step by management to curb a wave of industrial unrest, the airline said on Tuesday. Widespread strikes over pay and conditions by pilots and cabin crew a year ago forced Ryanair to cancel hundreds of flights, but a series...

  • For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.

  • *Spain outperforms after S&P ratings upgrade. LONDON, Sept 23- Bond yields across the euro area tumbled on Monday after weaker-than-expected business activity data from the bloc's biggest economies deepened investors' recession fears. Markit's flash composite Purchasing Managers' Index, which tracks the manufacturing and services sectors that together...

  • DUBLIN, Sept 20- Ryanair pilots based in the United Kingdom have cancelled five days of strikes set for this month, as unions and the low-cost airline gear up for further talks. Strikes set for September 21, 23, 25, 27 and 29 will not go ahead, Ryanair said, as it called on the pilots to resume discussions in the East Midlands or in Dublin next week. But a series of strikes...