LISBON Portugal's central bank is carrying out an inspection of small local lender Eurobic, in which Angolan billionaire and former first daughter Isabel dos Santos is the main shareholder, to assess its procedures against money laundering, Eurobic said.
BRUSSELS The European Commission said on Wednesday that Portugal's draft budget for 2020 that envisages a small surplus was nevertheless at risk of breaking European Union fiscal rules because of insufficient progress in reducing its structural deficit.
LONDON, Jan 7 Ireland, Slovenia and Portugal opened euro zone government bond deals for 2020 on Tuesday, with analysts expecting heightened geopolitical risk to mean new supply should be easily absorbed by investors keen to hold fixed income.
LONDON, Jan 7 Portugal will launch a new 10-year benchmark government bond via a syndicate of banks in the near future, market conditions permitting, a lead manager said on Tuesday.
LISBON Portugal's budget surplus widened to 1% of gross domestic product in the first nine months of 2019 from 0.4% a year earlier, the National Statistics Institute said on Monday, but the government said it still expected a small full-year deficit.
LISBON Portugal's government unveiled its draft 2020 budget on Tuesday, projecting the country's first fiscal surplus in 45 years of democracy on solid growth and promising a gentle tax reduction for small firms and more taxes on bullfighting events.
LISBON Portugal's largest bank, Caixa Geral de Depositos (CGD), said on Monday it had issued a 500 million euro (£426.5 million) senior non-preferred five-year bond, the first time a Portuguese lender has issued this type of debt.
LISBON Portugal's minority Socialist government presented on Wednesday a proposal to raise the monthly minimum wage by nearly 6% to 635 euros (£547) next year, remaining the lowest in western Europe.
Nov 8Portugal's Novo Banco SA: * 9-MONTH RECURRENT NET INTEREST INCOME 361 MILLION EUROS * 9-MONTH RECURRENT NET PROFIT 140.1 MILLION EUROS * RECURRENT BAD LOAN RATIO 5.6% AT END-SEPTEMBER Source text: https://bit.ly/2NQMn5a (Gdansk Newsroom)
LISBON, Nov 6 European investment in Portugal's digital sector can help address a shortfall in equity funding for start-ups and support an export-driving technology industry, Portugal's economy minister said on Wednesday.
WASHINGTON President Donald Trump turned to some legal heavyweights to help defend him in his Senate impeachment trial with the addition on Friday of former independent counsel Ken Starr, who paved the way for former President Bill Clinton's 1998 impeachment, and prominent lawyer Alan Dershowitz. | Video