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Portugal PM to press on with budget overhaul, says economy improving

LISBON (Reuters) - Portugal's prime minister insisted on Tuesday there will be no veering off the strict terms of the country's EU/IMF bailout as the economy shows signs of nearing a turnaround after a long, deep recession. Full story

Portugal plans gradual company tax cuts from next year

LISBON (Reuters) - Portugal's government on Friday promised gradual cuts in corporate taxes from early 2014 to boost investment and help the bailed-out economy overcome its deepest recession since the 1970s. Full story

Portugal government sticks to bailout goals in confidence motion

LISBON (Reuters) - Portugal's reshuffled coalition government stuck to plans to complete the country's EU/IMF bailout program while promising to promote growth, in a document sent to parliament on Thursday tabling a symbolic vote of confidence. Full story

EU says Portuguese banks on right track, don't need more aid

LISBON (Reuters) - The European Commission on Wednesday said three Portuguese banks that tapped bailout funds are on the right path to become viable by cutting costs and selling assets without needing to seek additional state aid. Full story

Portugal president approves reshuffle, ending government rift

LISBON (Reuters) - Portugal's president approved on Tuesday the promotion of junior coalition party leader Paulo Portas to deputy prime minister and a wider government reshuffle as proposed by premier Pedro Passos Coelho to ensure the ruling coalition's unity after a rift. Full story

Dollar drifts off in summer lull, tracks yields

SYDNEY (Reuters) - The dollar was nursing broad losses in Asia on Tuesday as soft U.S. housing data offered an excuse to sell, while a sharp fall in Portuguese bond yields provided a boost to the euro. Full story

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Portugal bonds rally as president cools political crisis

News Summary: Portugal averts government crisis

Portugal PM confirms reshuffle request, Portas to be deputy PM

President cools but not cures Portuguese crisis

Portugal president says government should stay to tackle crisis

Portugal ruling party vows to meet bailout goals after pact talks fail

Socialists pull out of Portuguese government talks

Portugal political crisis rages again as talks break off

Portugal's bonds up on deal hopes, Bunds dips on China move

Portugal government beats no-confidence vote

Video

  How Far Can the US Economy Grow?

Discussing the potential for the U.S. economy to grow amid unrest in Egypt, and problems in Greece and Portugal. Mark Dow, Pharo Management, provides perspective.

  Venemous sea creatures threaten beachgoers

Venemous jellyfish-like creatures, known as bluebottles or Portuguese man-of-wars, are washing up in greater numbers along the coast in Massachusetts. WHDH’s Jennifer Eagan reports.

  Global Angst Pressures Markets

Jay Bryson, Wells Fargo Securities, and Paul Schatz, Heritage Capital, discuss how turmoil in Egypt, Portugal's looming financial crisis, and Fed fears are impacting markets worldwide.

  UK begins new Madeleine McCann investigation

Six years have passed since three-year-old Madeleine McCann disappeared in Portugal, but the case has not been forgotten. The British government is now funding its own investigation to follow up on a number of leads as her parents hold out hope for answers. NBC’s Michelle Kosinski reports.

  Scotland Yard to investigate 'major leads' in McCann case

British authorities have combed over evidence for two years in the Madeleine McCann case and are now opening up their own investigation. NBC's Mandy Clark reports.

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 Portugal's Carvalho, Germany's Deibler, Lochte of the U.S. and Hungary's Cseh are seen underwater as they swim in the men's 200m individual medley semi-final during the World Swimming Championships at the Sant Jordi arena in Barcelona
Portugal's Carvalho, Germany's Deibler, Lochte of the U.S. and Hungary's Cseh are seen underwater as they swim in the men's 200m individual medley semi-final during the World Swimming Championships at the Sant Jordi arena in Barcelona

Portugal's Diogo Carvalho, Germany's Markus Deibler, Ryan Lochte of the U.S. and Hungary's Laszlo Cseh are seen underwater as they swim in the men's 200m individual medley semi-final during the World Swimming Championships at the Sant Jordi arena in Barcelona July 31, 2013. REUTERS/Michael Dalder (

Panama's President Martinelli speaks with Portugal's PM Coelho in Sao Bento palace in Lisbon
Panama's President Martinelli speaks with Portugal's PM Coelho in Sao Bento palace in Lisbon

Panama's President Ricardo Martinelli speaks with Portugal's Prime Minister Pedro Passos Coelho in Sao Bento palace in Lisbon July 31, 2013. REUTERS/Rafael Marchante (PORTUGAL - Tags: POLITICS)

Panama's President Martinelli is welcomed by Portugal's PM Coelho in Sao Bento palace in Lisbon
Panama's President Martinelli is welcomed by Portugal's PM Coelho in Sao Bento palace in Lisbon

Panama's President Ricardo Martinelli is welcomed by Portugal's Prime Minister Pedro Passos Coelho in Sao Bento palace in Lisbon July 31, 2013. REUTERS/Rafael Marchante (PORTUGAL - Tags: POLITICS)

Portugal's PM Coelho waits the arrival of Panama's President Martinelli in Sao Bento palace in Lisbon
Portugal's PM Coelho waits the arrival of Panama's President Martinelli in Sao Bento palace in Lisbon

Portugal's Prime Minister Pedro Passos Coelho waits the arrival of Panama's President Ricardo Martinelli in Sao Bento palace in Lisbon July 31, 2013. REUTERS/Rafael Marchante (PORTUGAL - Tags: POLITICS)