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.
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.
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.
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.
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
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).
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.
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
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.
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.