LISBON, Nov 25 Portugal's President Anibal Cavaco Silva has accepted the lineup of a new Socialist government, where Bank of Portugal economist Mario Centeno will serve as finance minister, and will swear it in on Thursday, the president's office said in a statement.
LISBON, Nov 24 Portugal's president named Socialist leader Antonio Costa as prime minister on Tuesday, ending weeks of political stalemate and paving the way for the first, if potentially unstable, Socialist government reliant on the far left for its survival.
LISBON, Nov 24 Portugal's president named Socialist leader Antonio Costa as prime minister on Tuesday, ending weeks of political stalemate and leading to the country's first Socialist government to be backed in parliament by the far left.
LISBON, Nov 24 Portugal's president will meet Socialist leader Antonio Costa again on Tuesday after the prime ministerial hopeful responded in writing to his call for the Socialists far left partners to respect budget commitments to the EU.
FRANKFURT The European Central Bank has ordered Portugal's Novo Banco to fill a 1.4 billion euro (990 million pounds) hole in its finances, possibly delaying its planned sale and hampering Lisbon's efforts to draw a line under its biggest banking collapse.
LONDON, Nov 13 Portugal's 10-year government bond yield rose towards its four-month high on Friday, before a credit-rating review that could lead to Lisbon's ejection from the European Central Bank's asset-purchase programme.
LONDON, Nov 13 Portugal's 10-year government bond yield inched up on Friday, lagging euro zone peers before a credit ratings review that has the potential to see Lisbon ejected from the ECB's asset-purchase programme.
LISBON, Nov 11 Portugal's Socialists face a tough task keeping financial markets, euro zone peers and hard-left partners happy if they try to quickly roll back parts of an austerity programme without putting economic recovery at risk.
LISBON, Nov 11 Portugal's Socialist Party has asked state holding company Parpublica to halt the privatisation of airline TAP, a day after the ousting of the centre-right government.
LISBON, Nov 11 Portugal's Socialist Party said on Wednesday it has requested state holding company Parpublic to halt the privatisation of airline TAP after the ousting of the centre-right government a day earlier.
ISTANBUL/NIZHNY TAGIL, Russia Russia sent an advanced missile system to Syria on Wednesday to protect its jets operating there and pledged its air force would keep flying missions near Turkish air space, sounding a defiant note after Turkey shot down a Russian fighter jet. | Video