LISBON Portugal's economic climate indicator rose in February to a four-month high of 1.3 points while consumer confidence hit its strongest mark in 17 years, official data showed on Monday.
LISBON Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, a top EU official said on Friday.
LISBON, Feb 24 Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, a top EU official said on Friday.
LISBON The capital buffers in Portugal's banks aren't big enough to deal with their bad loans, the International Monetary Fund warned, and it urged banks to clean up their balance sheets to help the country grow and cut its debt burden.
LISBON Portugal has made a new early repayment of 1.7 billion euros (£1.45 billion) to the International Monetary Fund, meaning it has reimbursed half of the bailout loans provided by the IMF during the 2011 debt crisis, the Finance Ministry said on Monday.
LISBON, Feb 20 The Bank of Portugal will hold a final round of exclusive negotiations with U.S. private equity firm Lone Star as it seeks to flesh out the terms of the potential sale of state-rescued lender Novo Banco, the central bank said on Monday.
LISBON/MADRID, Feb 17 Portugal's largest company EDP Energias de Portugal could sell the gas distribution network of its Spanish subsidiary Naturgas if it can get the right price, and has hired banks to evaluate the asset, sources told Reuters on Friday.
LISBON Spain's Caixabank successfully completed the takeover of Portugal's second-largest listed lender, Banco BPI, paying 645 million euros ($690 million) to raise its stake to 84.5 percent from 45 percent, the two banks said on Wednesday.
LISBON, Feb 6 Portugal's high debt load, limited growth and weak banks saddled with bad loans make the country particularly vulnerable to an international environment where protectionism is on the rise, the Organisation for Economic Co-operation and Development warned on Monday.
BERLIN European Union countries such as Italy, France and Portugal that are pursuing economic reforms should be given time to reduce their budget deficits, German Vice Chancellor Sigmar Gabriel said on Sunday.
WASHINGTON President Donald Trump is seeking what he called a "historic" increase in defence spending, but ran into immediate opposition from Republicans in Congress who must approve his plan and said it was not enough to meet the military's needs.