LISBON Portuguese economic growth is outpacing the official forecast, fuelled by exports and investment, and is set to reach more than 3 percent in the second quarter and more than 2 percent for the whole of 2017, the finance minister said on Wednesday.
LISBON, May 24 Portugal's finance minister is confident that the country's planned sale of Novo Banco to U.S. private equity firm Lone Star will go ahead as planned, the minister said on Wednesday.
LISBON Portugal's finance ministry said on Monday the European Commission's recommendation to end the disciplinary process for its excessive budget deficit marks a turning point and shows growing confidence in the economy by international institutions.
LISBON, May 22 Portugal's finance ministry said on Monday the European Commission's recommendation to end the disciplinary process for its excessive budget deficit marks a turning point and shows growing confidence in the economy by international institutions.
BRUSSELS The European Commission accused telecoms and cable group Altice on Thursday of breaching EU rules by taking control of PT Portugal before the deal had been approved by EU regulators.
PARIS Telecoms group Altice said it would challenge accusations by the European Commission that it had taken control of PT Portugal before winning approval for the acquisition from the European Union antitrust regulator in 2015.
LONDON, May 17 Portugal's borrowing costs tumbled on Wednesday to their lowest level since late October, extending recent falls against a backdrop of improving economic growth and political stability in the single currency bloc.
LISBON Portugal Telecom was hit on Friday by a cyber attack but no services were impacted, a spokeswoman for the company said.
LONDON In a major turnaround, Portugal has emerged as the year's best performing euro zone bond market outside little-traded Greece, helped by its improving economy and shrinking budget deficit and by the fading threat of a break-up of the bloc.
LISBON Portugal's monthly unemployment rate fell below 10 percent in February for the first time in eight years and slipped further to 9.8 percent in March, data from the National Statistics Institute (INE) showed on Friday.
BEIJING China has come to the realisation that it has limited time to rein in North Korea's nuclear programme through negotiations and is open to further sanctions against Pyongyang, a senior U.S. State Department official said on Friday.