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Exclusive: Bank of Portugal scrutinises Isabel dos Santos' Eurobic

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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.

In blow to Eurogroup head, EU Commission criticises Portugal's budget 15 Jan 2020

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.

UPDATE 2-Ireland, Slovenia, Portugal open euro zone's 2020 bond ledger 07 Jan 2020

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.

Portugal mandates banks for new 10-year bond sale - lead manager 07 Jan 2020

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.

Portugal sticks to 0.1% deficit forecast after nine-month surplus 23 Dec 2019

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.

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Portugal targets first budget surplus in decades, solid growth 17 Dec 2019

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.

Portuguese bank CGD sells 500 million euro senior non-preferred bond 18 Nov 2019

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.

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Portugal to raise minimum wage to 635 euros, still lowest in western Europe 13 Nov 2019

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.

BRIEF-Novo Banco 9-month Recurrent Net Profit At 140.1 Mln Euros 08 Nov 2019

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)

Portugal hopes European tech investment will drive up exports 06 Nov 2019

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.

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Global alarm mounts as China virus deaths hit 17

BEIJING/SHANGHAI Deaths from China's new flu-like virus rose to 17 on Wednesday with more than 540 cases confirmed, increasing fears of contagion from an infection suspected to originate from illegally traded wildlife. | Video