United Kingdom


EU exec - five countries' 2018 budget drafts at risk of missing set targets


BRUSSELS The European Commission warned Italy, France, Portugal and Belgium on Friday that their 2018 draft budget plans posed risks to meeting EU debt and deficit reduction targets and asked Spain for an updated budget draft that contains more information.

Savannah Resources seeks pole position in European lithium race 25 Oct 2017

LONDON Miner Savannah Resources aims to begin mining lithium in Portugal at the end of 2019, making it the first big producer of the battery mineral in Europe, where rival projects are springing up across the continent.

BRIEF-Moody's maintains stable outlook on Portugal's banking system amid rising growth but still-weak asset quality and capital‍​ 19 Oct 2017

* stable outlook on Portugal's banking system amid rising growth but still-weak asset quality and capital‍​


Portugal to cut debt, boost potential growth 18 Oct 2017

LISBON Portugal hopes to cut its total debt to 120 percent of gross domestic product by 2019 from 130 percent last year, Finance Minister Mario Centeno told Reuters, a change that could help boost the country's creditworthiness.


Monarch's demise brings more headaches for holidaymakers 03 Oct 2017

LUTON, England Mary Quist arrived at Luton Airport in the early hours of Monday looking forward to a holiday in Portugal, but the sudden collapse of Britain's Monarch Airlines meant a day of confusion and frustration.

Interview - Portugal expects further credit upgrades soon, yields below Italy 28 Sep 2017

LISBON Portugal expects credit ratings agencies Moody's and Fitch to lift its sovereign rating back to investment grade in coming months, bringing its bond yields close to Spanish levels, deputy finance minister Ricardo Mourinho Felix said.


Portugal's big banks team up to tackle bad loans 28 Sep 2017

LISBON Portugal's three biggest banks plan to manage jointly some of their bad loans to avoid more writedowns, effectively taking on the task of trying to tackle one of Europe's biggest bad-debt burdens.


European shares flirt with six-week high as Portugal shines 18 Sep 2017

MILAN European shares ended Monday's session close to six-week highs, helped by buoyant global stock markets, stronger financials and a rally in Portugal after the euro zone member regained investment grade rating.

UPDATE 3-Euro crisis over, Portugal's investment-grade comeback cuts bond yields 18 Sep 2017

* Portugal leads European shares to six-week high (Updates prices)

Portugal's bond yields slide as country returns to investment grade 18 Sep 2017

LONDON, Sept 18 Portugal's 10-year bond tumbled to its lowest level in more than a year on Monday after the country returned to an investment grade rating after 5-1/2 years.


Ecstatic Zimbabweans celebrate expected Mugabe downfall

HARARE Tens of thousands of Zimbabweans flooded the streets of Harare on Saturday, singing, dancing and hugging soldiers in an outpouring of elation at the expected fall of President Robert Mugabe, their leader of the last 37 years.