Latest News about Portugal

Portugal raises $1.34B in successful bond auction (USA Today) Financially troubled Portugal raised 990 million euros ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the government's austerity plan is easing market concerns about the country's ability to pay off its high debts.

Successful Bond Auction Shows Confidence Returning in Portugal (New York Times) A week after announcing its austerity plan, Portugal sold more bonds than initially planned Wednesday, and at a lower borrowing cost.

Portugal sells $1.34 billion worth of bonds (AP via Yahoo! News) Financially troubled Portugal raised euro990 million ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the government's austerity plan is easing market concerns about the country's ability to pay off its high debts.