Finance

Both the US and EU have made unprecedented monetary and fiscal mechanisms available to cope with the shutdown of their economies between March to May and beyond. This cash will help stimulate the [...]

The US vulture fund Lone Star, which has a controlling interest in Portugal’s Novo Banco, is to make changes to the bank’s management structure. On Thursday next week, the [...]

Economy minister Pedro Siza Vieira has admitted that original forecasts for Portugal’s post-pandemic recovery were too optimistic. They will need to be ‘revised’ when the 2021 State Budget is [...]

The President of the Portuguese markets regulator CMVM, Gabriela Figueiredo Dias, has warned this week that the shock to the economy from Covid-19 will get worse in Portugal causing more private [...]

Thousands of British citizens whose registered address is in Portugal and who do not have a second home in the United Kingdom risk losing their bank accounts by the end of the year. Lloyds, [...]

Portugal’s economy is recovering “faster than expected” according to the new finance minister João Leão in an interview with Bloomberg. The minister said that the European economy was “severely” [...]

BES ‘Cooked the books’ The final report of an audit by Deloitte on the financial state of Novo Banco has placed the blame for the ruinous state of the bank’s finances squarely at the door of the [...]

The CMVM has decided to keep Orey Antunes’ shares and all of its other listed securities suspended because its 2019 results presentation has been postponed beyond the legal deadline which [...]

Portugal’s treasury institute IGCP is to auction Portuguese public debt in the form of sovereign bonds to raise between €1Bn and €1.25Bn. The government agency holds these auctions several times [...]

Portugal’s gold reserves, some of it stolen by the Nazis from Jews in the late 1930s and World War II, has skyrocketed in value with the increase in gold prices. Portugal, while not the richest [...]