Edition:
United Kingdom

Portugal

EU, Portugal agree on 5 billion euro recapitalisation for ailing bank CGD

Photo

LISBON/BRUSSELS The European Commission and Portugal have agreed in principle on the recapitalisation, on market terms, of ailing state-owned bank CGD, envisaging an injection of up to 2.7 billion euros (£2.3 billion) in state funds and nearly as much in debt and equity.

UPDATE 2-Portugal's bond yields recede from 3-week high as rating fears ebb 22 Aug 2016

LONDON, Aug 22 Portugal's 10-year bond yield edged back from a three-week high on Monday after the country passed a ratings test that soothed concerns it could be on the brink of a potentially catastrophic downgrade.

Portugal's bond yields recede from 3-wk high as rating fears ebb 22 Aug 2016

LONDON, Aug 22 Portugal's 10-year bond yield edged back from a three-week high on Monday after the country passed a ratings test that soothed concerns it could be on the brink of a potentially catastrophic downgrade.

UPDATE 2-Ratings warning pushes Portuguese bond yields up for second day 17 Aug 2016

LONDON, Aug 17 Portugal's 10-year government bond yield rose sharply for a second straight day on Wednesday, hitting its highest for almost three weeks after a warning from credit agency DBRS.

Portuguese bond yield hits two-week high after rating warning 17 Aug 2016

LONDON, Aug 17 Portugal's 10-year government bond yield rose sharply for a second straight day on Wednesday, rising to a two-week high following a warning from ratings agency DBRS on the country's credit rating.

Photo

EU states agree budget fine waivers for Spain, Portugal 09 Aug 2016

BRUSSELS European Union states agreed to cancel budget fines for Spain and Portugal and to set new deadlines for them to rein in their excess deficits, their representative body in Brussels said on Tuesday.

European shares flat, Altice jumps after results 09 Aug 2016

LONDON, Aug 9 European shares steadied in early trading on Tuesday, with gains in companies such as Altice and financials offset by weaker commodities-related stocks that tracked prices of crude oil and industrial metals lower.

Portugal's BCP says stress test results positive, posts loss 30 Jul 2016

LISBON Portugal's largest listed bank, Millennium bcp, said on Friday it obtained "clearly positive" results in the latest stress test by the European Central Bank, even as it posted a first-half loss after impairments for bad loans to clean up its books.

UPDATE 1-Portugal's BCP says stress test results positive, posts loss 29 Jul 2016

LISBON, July 29 Portugal's largest listed bank, Millennium bcp, said on Friday it obtained "clearly positive" results in the latest stress test by the European Central Bank, even as it posted a first-half loss after impairments for bad loans to clean up its books.

Photo

EU states back cancellation of Spanish, Portuguese budget fines - sources 29 Jul 2016

BRUSSELS European Union states will not oppose the EU executive's decision to cancel Spain's and Portugal's fines for their excessive deficits, two EU officials said on Friday, despite the head of euro zone finance ministers criticising such leniency.

Photo

Italy rescuers toil through night seeking quake survivors as death toll hits 159

ACCUMOLI, Italy Rescue teams were working through the night to try to find survivors under the rubble that remained of central Italian towns flattened by an earthquake that hit in the early hours of Wednesday, killing at least 159 people. | Video