Europe News Portugal

  • Portugal economy has highest growth in two decades. LISBON, Feb 15- The passengers on a night train chugging along Portugal's northern coast last month got the fright of their lives when the 40- year-old locomotive's diesel engine literally fell off. But the incident was a shocking reminder of Portugal's chronic underinvestment in public services and the...

  • *Dunkirk tender seeks to relaunch offshore wind in France. While Britain and Germany have already built 8,200 and 6,400 megawatts of offshore wind capacity- enough to power millions of homes- France does not have a single turbine in the water. Now, France is making a new start, auctioning a modest 600 MW in the northern town of Dunkirk in a tender it hopes will finally...

  • MUNICH, Feb 14- Spain, Italy, Portugal and Greece should fight high youth unemployment levels with labour market reforms, less bureaucracy for business and investment in innovation, International Monetary Fund chief Christine Lagarde said on Thursday. Speaking in Germany, Lagarde said the structural reforms, with backing from the European Union, were needed...

  • LONDON, Feb 13- European shares rose on Wednesday as optimism about trade talks lifted global markets and data showed earnings growth forecasts for Europe were stabilising after steep downward revisions. Wall Street also extended its rally as hopes grew that the U.S. and China would hammer out a trade deal and avert a new round of U.S. tariffs on imports from...

  • LONDON, Feb 13- European shares rose on Wednesday as optimism about trade talks lifted global markets and data showed earnings growth forecasts for Europe were stabilizing after steep downward revisions. Wall Street also extended its rally as hopes grew that the U.S. and China would hammer out a trade deal and avert a new round of U.S. tariffs on imports from...

  • Traditionally an oil refiner, Galp has attracted interest because of its oil and gas production growth prospects from stakes in projects in Brazil, Angola and Mozambique and China's Sinopec owns a 30 percent in its Brazilian assets. While Galp's fourth-quarter net profit was below forecasts, falling by 42 percent to 109 million euros, its earnings before...

  • *U.S. questions Maduro support in Venezuela military ranks. MONTEVIDEO, Feb 7- European and Latin American leaders called for dialog and elections to solve a deepening crisis in Venezuela on Thursday, warning against rash intervention in the country even as trucks bringing humanitarian aid lined up near the border. The group, in a communiqué after the meeting,...

  • *U.S. military ready to protect diplomats in Venezuela. MONTEVIDEO, Feb 7- European and Latin American leaders met on Thursday to seek a peaceful and political solution to Venezuela's deepening crisis, while a U.S. admiral suggested socialist President Nicolas Maduro does not have the loyalty of many within his military. Holding its inaugural meeting in...

  • LONDON, Feb 7- Credit Suisse's asset management arm has successfully tested blockchain to process investment fund trades, the latest financial institution to show an interest in technology that could speed up transactions and keep them secure. Credit Suisse Asset Management used a blockchain-based platform to process an unspecified number of trades, an...

  • *May running out of time to get deal ratified. LONDON, Feb 7- If Britain's parliament has not approved a Brexit deal by the end of February, Prime Minister Theresa May is likely to have to seek a delay to Britain's March 29 exit from the EU as there will not be time to pass all the required legislation. No date has been set for that vote, but it is not expected to be before Feb....

  • MADRID/ OTTAWA, Feb 4- Major European nations joined the United States on Monday in recognizing opposition leader Juan Guaido as Venezuela's legitimate head of state, while members of a separate regional bloc kept up the pressure on socialist President Nicolas Maduro. The coordinated recognition by a flood of European Union nations including Britain,...

  • *Spain, Britain, France, Germany among those backing Guaido. MADRID/ CARACAS, Feb 4- Major European nations joined the United States on Monday in recognizing opposition leader Juan Guaido as Venezuela's legitimate head of state, as a separate regional bloc met in Canada to pressure socialist President Nicolas Maduro. The coordinated move by 11 nations including...

  • *Russia accuses EU of foreign meddling, Italy divided. BRUSSELS/ MADRID, Feb 4- Eleven European nations joined the United States in recognizing opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. The European Union members' coordinated move followed the expiry of an...

  • *Russia accuses EU of foreign meddling, Italy divided. BRUSSELS/ MADRID, Feb 4- Eleven European nations joined the United States in recognising opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. The European Union members' coordinated move followed the expiry of an...

  • MADRID/ PARIS, Feb 4- Ten European nations joined the United States in recognising opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. France, Spain, Germany, Britain, Portugal, Sweden, Denmark, Austria, the Czech Republic and the Netherlands' coordinated move came after...

  • MADRID/ PARIS, Feb 4- Ten European nations joined the United States in recognizing opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. France, Spain, Germany, Britain, Portugal, Sweden, Denmark, Austria, the Czech Republic and the Netherlands' coordinated move came after...

  • MADRID/ PARIS, Feb 4- Nine European nations joined the United States in recognising opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. France, Spain, Germany, Britain, Portugal, Sweden, Denmark, Austria and the Netherlands' coordinated move came after the expiry of an...

  • MADRID/ PARIS, Feb 4- Nine European nations joined the United States in recognizing opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. France, Spain, Germany, Britain, Portugal, Sweden, Denmark, Austria and the Netherlands' coordinated move came after the expiry of an...

  • MADRID/ PARIS, Feb 4- Eight European nations joined the United States in recognizing opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening the global showdown over Nicolas Maduro's socialist rule. Britain, France, Spain, Portugal, Sweden, Denmark, Austria and Germany's coordinated move came after the expiry of an eight-day...

  • MADRID/ PARIS, Feb 4- Eight European nations joined the United States in recognising opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening the global showdown over Nicolas Maduro's socialist rule. Britain, France, Spain, Portugal, Sweden, Denmark, Austria and Germany's coordinated move came after the expiry of an eight-day...