Portugal raises EUR578M in first IPO of its stake in postal service

Portugal is raising EUR578 million (USD783 million) in the initial public offering of its postal service CTT-Correios de Portugal SA. The Portuguese government is divesting its 70% stake in the mail service.

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Portugal to sell postal service in first IPO since crisis

The Portuguese government would be selling 70% of postal firm CTT-Correios de Portugal next week in its first initial public offering (IPO) since a financial crisis had hit the nation.

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Euro's currency at a cross roads

Some say the Euro is overvalued while others claim it is not.

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IMF warns of banking defaults in three EU countries

After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.

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Portugal's new deputy prime minister seeking new budget quotas from international lending agencies

Paulo Portas, the new Portuguese deputy prime minister, would have oversight over budget negotiations, a position that would prove problematic in light of Portugal's compliance with previous requirements.

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EU food programme to Portugal to decrease with new fund

With Portugal being the poorest Western European nation and having record numbers for unemployment, the lowering of allotments for food aid would affect a great many Portuguese.

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Portugal shortlists bidders for Caixa Seguros

Caixa Seguros bidders whittled down to two.

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Fitch Ratings for Transport Infrastructure Sector Mostly Stable Outlook

Fitch ratings for the transport infrastructure sector was mostly Stable Outlook.

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Politics in Portugal Could Lead to Crisis

A strategist noted that politics in Portugal could lead to crisis.

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