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Sergio Goncalves

Portugal PM threatens to resign if parliament passes teachers' pay hike

03 May 2019

LISBON Portuguese Prime Minister Antonio Costa threatened to resign on Friday after his leftist allies abandoned the government in a preliminary parliamentary vote that could undermine efforts to balance the budget by raising teachers' salaries retroactively.

EDP shareholders vote scuppers Chinese takeover bid, partnership to go on

24 Apr 2019

LISBON Shareholders of EDP-Energias de Portugal voted on Wednesday to effectively block a 9 billion euro ($10 billion) takeover bid by China Three Gorges (CTG), but the Portuguese utility said their partnership would continue, with a focus on Latin America.

Euro zone governments worry over Italy's low growth: Eurogroup

23 Apr 2019

LISBON The euro zone is worried about the heavily indebted Italian economy's weak growth and needs Rome to implement its budget plans "with credibility", the head of the currency bloc's group of finance ministers said.

Portugal bets on artificial intelligence to boost exports

15 Apr 2019

LISBON At a time when a slowing global economy is seen as a threat to Portugal's growth, the country is betting on a new artificial intelligence platform to help companies boost their exports.

Altice Portugal confident it will sell 'valuable' fibre network-CEO

29 Mar 2019

LISBON, March 29 Telecoms firm Altice has more than a dozen potential buyers for its Portuguese fibre network, including investment and infrastructure funds, the chief executive of the Portuguese unit of the business said on Friday.

Investor calls on EDP shareholders to block CTG's bid

28 Mar 2019

LISBON Activist investor Elliott called on Thursday for shareholders in EDP-Energias de Portugal to reject a reform of voting rights, in a move that could scupper a 9-billion-euro (£7.70 billion)takeover offer for EDP from China Three Gorges (CTG).

Portugal close to balancing its books after years of austerity

26 Mar 2019

LISBON Portugal's budget deficit fell more than expected last year, data showed on Tuesday, putting the country that had to take a bailout during the euro zone crisis close to balancing its books.

UPDATE 1-Euro zone budget tool to start with fewer resources than desired-Centeno

25 Mar 2019

LISBON, March 25 Eurogroup head Mario Centeno said on Monday that a new budget instrument to promote reforms and investment in the euro zone will start with fewer resources than hoped for but will end up becoming a crucial tool for the bloc.

U.S.-China trade war poses biggest risk to global stability - IMF's Lipton

25 Mar 2019

LISBON The U.S.-China trade war poses the biggest risk to global stability and fiscal stabilisation is needed to respond to economic shocks in Europe, IMF First Deputy Managing Director David Lipton said on Monday.

Exclusive: Portugal's EDP could create Latam JV with China Three Gorges if takeover bid fails - sources

13 Mar 2019

LONDON/SAO PAULO Portugal's Energia de Portugal EDP could propose a joint venture with China Three Gorges (CTG) allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant's bid to take over EDP fails, people familiar with the matter said.

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