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Portugal

A collection of news and information related to Portugal published by this site and its partners.

Top Portugal Articles

Displaying items 121-132
  • Fed worries about spillover from Europe's debt crisis to U.S. financial system

     
    So let’s say Greece or one of the other financially weakest countries in Europe were to default on its bonds. Would that hit the U.S. banking system? Federal Reserve Chairman Ben S. Bernanke was asked that question at his news......
  • Portugal debt cut to junk rating by Moody's on fears another bailout looms

     
    Portugal's government debt was downgraded to junk status Tuesday, another reminder that the European debt crisis is far from over. Moody's Investors Service slashed Portugal's rating to Ba2 from Baa1 and said the outlook remained negative. Any rating...
  • Bond yields surge in Europe as 'contagion' fears spread

     
    Europe's debt crisis is going from bad to worse -- again. Investors dumped government bonds of Portugal, Ireland, Italy and Spain on Wednesday, driving market yields up sharply, after Moody’s Investors Service late Tuesday slashed Portugal’s...
  • Ireland's debt rating cut to junk by Moody's; euro slides

     
    Ireland's debt rating was cut to junk status Tuesday by Moody's Investors Service, dashing financial markets' hopes for a stretch of calm after the latest upheaval in Europe. Moody’s dropped Ireland to Ba1 from Baa3, citing a “growing...
  • European debt fears ease as bond yields pull back

     
    Investors hit the pause button on Europe’s debt crisis Tuesday: Yields on Italian and Spanish government bonds fell after surging the previous six sessions. Traders said the mood was helped by rumors that the European Central Bank was buying bonds.....
  • Bank of America, Morgan Stanley shares hit 2-year lows as Europe adds to banks' woes

     
    U.S. big-bank stocks, already outcasts on Wall Street this year, now are being tainted by Europe's debt woes. The U.S. market’s decline on Monday was led by the financial sector, which tumbled in sympathy with the steep sell-off in many......
  • Italy and Spain rocked by fears of spreading debt 'contagion'

     
    The dismal U.S. jobs report for June is getting most of the attention on Wall Street Friday, but the greater risk to the global economy may be the spreading debt crisis in Europe. The “contagion” that has forced Greece, Ireland......
  • European markets plunge as debt crisis worsens; gold jumps [Updated]

     
    European financial markets crumbled Monday as government bond yields surged again in Spain and Italy, deepening fears that the continent's debt crisis had entered a far more dangerous phase. U.S. stocks also were broadly lower. Gold hit a record high........
  • European bond yields soar, stocks plummet on debt fears

     
    Europe’s debt debacle worsened Monday as market yields surged again on government bonds of the continent’s weakest economies. The latest jump in yields triggered another exodus from European stocks, driving many markets to new lows for 2011....
  • Oporto's cheesy love affair

     
    For most people, the specialty of Oporto, the hard-charging capital of northern Portugal, is Port wine. In my book, though, it’s a shameless protein bomb called the francesinha, or “little French one.” There’s really nothing French...
  • Greece bailout: What 'selective bond default' means

     
    For Europe, the unthinkable now is reality: A euro zone country -- Greece -- is defaulting on its debt, as its bond investors are being asked to swap their securities for new ones with less appealing terms. The idea is......
  • Portugal can't reach austerity-budget deal, may need EU bailout

     
    Europe may soon be funding another bailout, after Portugal’s government on Wednesday failed to get parliament’s support for an austerity plan to slash the country’s budget deficit. Prime Minister Jose Socrates resigned, as he said he...