PORTUGAL

Sovereign debt fears, economy sink stocks

IBTimes Logo
NEW YORK - Stocks tumbled on Thursday as the number of Americans claiming jobless benefits rose unexpectedly and renewed fears of sovereign debt problems in Europe led investors to dump riskier assets.
IBTimes Logo

Stocks slide on jobs data, commodities

U.S. stocks gave up more than 2 percent on Thursday after data showed new applications for jobless insurance rose unexpectedly last week, and basic materials shares sank as a rising U.S. dollar hit commodity prices.
More news
IBTimes Logo

Asia shares fall to three-month lows

Asian stocks fell to three-month lows on Monday with investors cautious after new data strengthened the case for tighter Chinese monetary policy and as attention focused on key U.S. economic reports due this week.
IBTimes Logo

Commodity Trends: No takers for India wheat

Indian wheat products are finding no takers in the global market because of the high domestic prices, which has even prompted the Prime Minister to call a meeting of the state chief ministers to discuss ways to bring down prices. Food inflation reared up again, with the annual wholesale price index-based inflation in primary food products inching up to 17.40 per cent for the week ended January 16 against the previous week's annual rise of 16.81 per cent. Inflation in items such as potatoes rose ...
IBTimes Logo

Stocks fall on euro-zone worry, tech slide

Stocks dropped on Friday, as worries about fiscal turmoil in Europe and a drop in technology stocks pushed the S&P 500 to its worst monthly decline since February 2009.
IBTimes Logo

Stocks fall on euro worry, tech drop

Stocks fell on Friday, erasing an earlier advance, as worries about fiscal turmoil in Europe and a drop in technology stocks offset positive reports on the economy.
IBTimes Logo

Stocks falter as fiscal worry offsets data

Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
IBTimes Logo

Wall St falters as fiscal worry offset data

Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
IBTimes Logo

Camargo to withdraw Cimpor merger proposal -report

Brazilian civil construction conglomerate Camargo Correa is likely to withdraw its original proposal to merge its cement operations with Portuguese Cimpor on Friday, a Portuguese business newspaper reported.
IBTimes Logo

Asia shares slide on resources, euro zone woes

Stocks in Asia tumbled on Friday, hurt by weak technology and resources shares and fresh worries about Greece's debt levels, which dragged the euro to a six-month low against the dollar.
IBTimes Logo

Durable goods orders climb while jobless claims dip

New orders for long-lasting U.S. manufactured goods edged higher last month and the number of workers filing applications for jobless aid fell last week, indicating the economy remains on a steady recovery path.
IBTimes Logo

World stocks slip after Wall Street battering

World stocks added to the previous week's fall on Monday, weighed down by Wall Street losses, uncertainty over U.S. bank plans and concern that Greece's debt crisis could spread.
IBTimes Logo

Camargo reiterates Cimpor interest after rebuff

Brazil's Camargo Correa Group reiterated its interest in cement maker Cimpor on Sunday and said it was pondering its options after the Portuguese stock market regulator turned down its merger proposal.
IBTimes Logo

UK licenses world's biggest offshore wind farms

Britain has awarded energy companies the rights to develop the world's biggest offshore wind project in hopes the country will become a leader in the emerging industry, which is vital to slash carbon emissions.
IBTimes Logo

EDP Renewables expects to win UK wind project

Portugal's EDP Renewables (EDPR) expects to be awarded a 1.3 gigawatts development project in the third offshore wind farm leasing round in the United Kingdom, the company said on Wednesday.
IBTimes Logo

Key 2010 political risks in W.Europe

Whether Europe's most troubled economies have the political will to tackle record deficits will preoccupy investors in Western Europe in 2010, along with Britain's election and potential overspill from emerging market crises.
IBTimes Logo

Brazil's CSN bids $5.6 billion for Portugal's Cimpor

Brazil's CSN (CSNA3.SA) (SID.N) offered on Friday to buy Portuguese cement producer Cimpor (CPR.LS) for 3.86 billion euros ($5.6 billion) as the steelmaker slowly diversifies from its core business outside its home base.
IBTimes Logo

Portuguese keener on euro than on governments

When the global economic crisis hit in the autumn of 2008 there was a joke in Portugal that the world was finally catching up, and stumbling as it had after its own, home-grown housing bust in the early 2000s.
IBTimes Logo

Stocks slip; crude and euro recovers

Global equities slipped on Wednesday with Japan leading the falls on concerns over the pace of recovery, while crude oil prices recovered and the euro picked up from a one-month low on bargain hunting.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.