Portugal

Portugal quickly needs reforms to boost productivity, growth potential-EU

BRUSSELS, Feb 11 Portugal should quickly adopt a package of reforms that would boost productivity in the country and its growth potential, EU Economic Commissioner Pierre Moscovici said on Thursday.

Portugal to prepare extra deficit-cutting steps now-Dijsselbloem 7:07pm GMT

BRUSSELS, Feb 11 Portugal promised euro zone finance ministers it would now prepare additional deficit cutting steps to be ready to implement them, if necessary, to keep the budget in line with EU rules, the head of euro zone ministers said on Thursday.

Germany says dangerous for Portugal to upset markets, must stick to reforms 2:08pm GMT

BRUSSELS, Feb 11 Portugal should stick to the path of reforms that improve the country's public finances, German finance minister Wolfgang Schaeuble said on Thursday, warning Lisbon it would be dangerous to continue to upset financial markets.

Portugal must be ready to do more on budget if needed-Eurogroup head 1:17pm GMT

BRUSSELS, Feb 11 Portugal must be ready to take additional measures, if needed, to keep its 2016 deficit falling in line with European Union budget rules, the head of euro zone finance ministers Jeroen Dijsselbloem said on Thursday.

Portuguese yields rise above 4 pct for first time in 1-1/2 years 11:51am GMT

LONDON, Feb 11 Portugal 10-year bond yields rose above 4 percent for the first time since August 2014 on Thursday, as investors worried about global growth and the health of the financial sector moved their money out of lower-rated markets.

UPDATE 2-EU wants reluctant Portugal to take extra steps to meet budget rules 02 Feb 2016

BRUSSELS/LISBON, Feb 2 Portugal must take further steps to bring its budget into line with European Union fiscal rules, EU Commission Vice President Valdis Dombrovskis said on Tuesday, heaping pressure on a new Socialist government that seeks to reverse austerity.

EU Commission asks Portugal for more budgetary measures 02 Feb 2016

BRUSSELS, Feb 2 Portugal must propose additional measures to bring its budget in line with European Union fiscal rules, EU Commission Vice President Valdis Dombrovskis said on Tuesday.

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IMF ends 2010 loan exemption that helped fight euro debt crisis 20 Jan 2016

WASHINGTON The International Monetary Fund said on Wednesday it ended an exemption to its lending rules that had allowed it to make major loans to Greece, Ireland and Portugal in 2010 and 2011 to fight a growing euro-area sovereign debt crisis.

Portugal's austerity reversal may spell budget trouble 19 Jan 2016

LISBON Relatively calm euro zone debt markets are helping Portugal's new Socialist government deliver on promises to reverse austerity, but the risk of budget slippage could still spook investors and so damage the recovery.

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Exclusive: Barclays invites bids for Iberian credit card business - sources 19 Jan 2016

MADRID/LONDON Barclays is selling its credit card operations in Spain and Portugal, and Spanish bank Santander and U.S. private equity firm Apollo are among the interested parties, according to four sources familiar with the matter.

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Einstein's gravitational waves detected in scientific milestone

WASHINGTON/CAMBRIDGE, Mass. Scientists have for the first time detected gravitational waves, ripples in space and time hypothesised by Albert Einstein a century ago, in a landmark discovery announced on Thursday that opens a new window for studying the cosmos.