LISBON The European Central Bank has recommended that Portugal's Banco BPI continue to reduce its exposure to Angola, which the bank expects to address over time, BPI Chief Executive Officer Pablo Forero said on Thursday.
LISBON A failed bidder for Portugal's third-largest lender Novo Banco has asked its lawyers to block the 1 billion euro (836.70 billion pounds) sale to U.S. fund Lone Star and told the central bank it should relaunch the bidding.
* Aethel move further complicates sale that is already in dispute
LONDON The euro zone's greatest existential threat may no longer centre on small, peripheral countries such as Greece and Portugal dragging it down, but instead on the prospect that its third largest economy, Italy, could abandon ship.
Blackrock and other asset management institutions are seeking an injunction this week to block the sale of Portugal's Novo Banco to U.S. private equity firm Lone Star.
* Portugal/Germany 10-year yield spread hits almost-four week high
LISBON, March 31 Portugal has agreed to sell a 75 percent stake in state-rescued lender Novo Banco to U.S. private equity firm Lone Star in exchange for a capital injection of 1 billion euros into the institution, the government said on Friday.
LISBON Portugal has set up a task force that will focus on luring investment away from Britain following its decision to leave the European Union, a government minister said on Thursday.
LISBON, March 24 Portugal slashed its budget deficit last year by more than half to 2.1 percent of gross domestic product, the lowest level since its return to democracy in 1974 and beating the 2.5 percent target agreed with Brussels.
LISBON When Virgilio Bento's brother had to go to Cuba 20 years ago to receive cheap physiotherapy as he recovered from a life-threatening car crash back home in Portugal, he did not know it would inspire an innovation. | Video
WASHINGTON U.S. President Donald Trump said on Thursday a major conflict with North Korea is possible in the standoff over its nuclear and missile programs, but he would prefer a diplomatic outcome to the dispute. | Video