Companies Portugal Latest Information

Companies Portugal Latest Information

Portugal's PM wants easier bailout terms for banks, says credit crunch dooming companies
LISBON, Portugal - Portugal's prime minister says he 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.

Portugal PM wants easier bailout terms for banks
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.

Chinese and Omani companies take 40 per cent of Portugal's REN
Lisbon (dpa) - Portugal will sell 40 per cent of its power distribution utility REN to Chinese and Omani companies, the government announced on Thursday.China‘s State Grid and Oman Oil Company will take 25 and 15 per cent stakes respectively. The state, which held 51 per cent of REN, will retain 11 per cent.The deal will earn Portugal 592 million euros (770 million dollars), which is 150 million ...

Strike disrupts Portugal public transport system
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.

Portugal easily raises $2 billion in new debt
Portugal comfortably raised euro1.5 billion ($1.97 billion) in a short-term debt auction Wednesday despite recent market jitters about its fiscal soundness.

Portugal Agrees to Sell REN Stake for 592 Million Euros
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.

Debt, austerity and recession threaten slow death for bailed-out Portugal's economy
LISBON, Portugal - In a six-room Lisbon office where until last year more than a dozen people worked, engineer Joao Paulo Lopes sits alone in silence amid dark computer screens, patiently waiting for a bankruptcy lawyer to shut the company's doors and send him home.

Portugal shoe makers offer hope in economic gloom
Amid all the gloom and doom over debt-stricken Portugal there is a ray of light -- shoemaking, one of the oldest and most traditional industries, had a record year in 2011 on strong exports.

Investors fear mounting losses in Portugal as second rescue looms
Portugal is fighting a losing battle to contain its public debt and may be forced to impose haircuts of up to 50pc on private creditors, according to a top German institute.

While eyes fixed on Greece, Portugal crisis grows uglier
Country's economic indicators are going in the wrong direction

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