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Portugal's BCP plans cash call after steep loss
Reuters
Cash call to involve new shareholders * Likely to tap 12 billion euro line for banks from bailout * BES also posts loss, but smaller (Adds BES results, quotes, details) By Sergio Goncalves LISBON, Feb 3 (Reuters) - Millennium bcp, Portugal's largest ...
Portugal's BCP Swings To 2011 Loss As Bad-Debt Charges RiseWall Street Journal
True and fair to delay bank account publicationThe Portugal News

all 10 news articles »



International Financing Review
Portugal Needs ECB Action to Avoid Greek Fate, De Grauwe Says
Bloomberg
Portugal will follow Greece into debt restructuring unless the European Central Bank steps up purchases of its distressed bonds, said Paul De Grauwe, a professor at the Catholic University of Leuven in Belgium. “The Portuguese problem is a problem of ...
Portugal Bond-Market Rout Overstates Greek Likeness: Euro CreditSan Francisco Chronicle
As Meeting on Athens Deal Is Postponed, Tough Terms for Creditors Fray Nerves ...Wall Street Journal
"Vultures" identify Portuguese debt as next targetReuters
International Financing Review -BBC News
all 24 news articles »



The Portugal News
Portugal's PM wants easier bailout terms for banks, says credit crunch dooming ...
Washington Post
LISBON, Portugal — Portugal's prime minister wants his bailed-out country's banks to be given more leeway to meet their capital requirements because an acute credit crunch is dooming viable companies. Austerity measures introduced in return for a €78 ...
Bank Of Portugal Head Says Banks Well Protected By Bailout FundFox Business
Portugal applauds EU summit resultsThe Portugal News
Reuniting Spain and PortugalFinancial Times

all 24 news articles »



Times of Oman
Portugal Agrees to Sell REN Stake for 592 Million Euros
Bloomberg
Portugal's government agreed to sell a 40 percent stake in REN-Redes Energeticas Nacionais SA (RENE) for 592 million euros ($779 million) to State Grid International of China and Oman Oil Co. to meet the terms of a bailout accord. The price values REN, ...
Portugal to sell REN stakes for 592 mln eurosReuters
Oman to buy $270m stake in Portuguese energy utility firmTimes of Oman
Portugal Closes Another Privatization At A PremiumWall Street Journal (India)
Wall Street Journal -Business China
all 30 news articles »



Financial Times
ECB's Cash Prescription Fails to Perk Up Portugal
Wall Street Journal
The same can't be said for Portugal, which in 2011 became the third of the 17-member bloc to accept an international bailout. Yields on its benchmarkbonds soared to euro-era highs this week on fears that the economy will contract more than expected, ...
Portugal easily raises $2 billion in debt auction despite fears over economic ...Washington Post
Portugal gains respite at treasury bill saleReuters
Portugal as Greece Prods ECB to Halt Contagion Buoying BullsBusinessWeek
Financial Times -Chicago Tribune
all 233 news articles »



International Business Times
As Greece Nears a Big Debt Deal, Investors Now Fret That Portugal Will Ask for ...
New York Times
MADRID — Despite the best efforts of European politicians to place a quarantine fence around the Greek economy, the crisis there continues to plague Portugal. The authorities in Lisbon insist otherwise, but investors are predicting that Portugal will ...
EU Nears Confrontation Over Greek Rescue as Portugal Poses Looming ThreatBloomberg
European Debt Crisis: Portugal, Greece Dominate StorylineInternational Business Times
The Overnight Report: Portugal Becoming The IssueInternational Business Times AU
Wall Street Journal -USA TODAY -TheStreet.com
all 2,292 news articles »

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 Latest World News

Syrian deaths rise before likely U.N. vote
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Egyptians clashed with police, leaving two dead in the city of Suez and at least 900 injured near the Interior Ministry headquarters in Cairo, officials said Friday.

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 Latest Portugal News from Google

Fox News
Strike disrupts Portugal public transport system
Boston.com
LISBON, Portugal—A 24-hour strike by Portuguese public transport workers caused some disruption for travelers but had a patchy turnout Thursday, suggesting resistance to the government's austerity program is softening. Train services ran mostly as ...
Debt, austerity and recession threaten slow death for bailed-out Portugal's ...Washington Post
Portugal Denies 2nd US Appeal for Fugitive ReturnABC News
Debt crisis threatens slow death for PortugalSydney Morning Herald
Reuters
all 212 news articles »


Portugal BPI Bank Swings To 2011 Loss On Greek Exposure
Wall Street Journal
The pension transfer has allowed Portugal to meet a budget deficit target imposed under its EUR78 billion bailout. Chief Executive Fernando Ulrich said the bank imposed a 64% haircut--or discount--on its holdings of Greek debt.
Portugal Banks May Report 2011 Losses on Higher ImpairmentsBusinessWeek
Banco BPI posts 2011 loss on Greek debt exposureReuters

all 7 news articles »


Portugal easily raises $2 billion in new debt
BusinessWeek
Portugal has comfortably raised euro1.5 billion ($1.97 billion) in a short-term debt auction despite recent market jitters about its fiscal soundness. Portugal has one of the 17-nation eurozone's feeblest economies and needed a euro78 billion ($102.5 ...
Summary Box: Debt crisis threatens slow death for Portugal, beset by cash ...Washington Post
Summary Box: Debt Crisis Threatens PortugalTheStreet.com

all 72 news articles »


Portugal Able to Overcome Difficult Economic Situation: Barroso
CRIENGLISH.com
European Commission (EC) President Jose Manuel Barroso said Friday that Portugal will be able to resist the current economic crisis. Speaking at a ceremony celebrating the 175th anniversary of the Portuguese Industrial Association, the EC president ...
EU's Barroso Says No Reason to Speak About Default in PortugalBusinessWeek
No reason to talk of Portugal default: EU's BarrosoMSN Philippines News

all 3 news articles »