Portugal does not need aid from the International Monetary Fund and no country has ever put pressure on Portugal to request aid, Portuguese Prime Minister Jose Socrates said in an interview with Diario de Noticias.
Jose Saramago , winner of the 1998 Nobel Prize in literature for early novels that explored historical themes from unconventional angles and later works in which inexplicable events threaten society’s underpinnings, has died. He was 87.
On the western shores of Madeira, waves crash onto the walls of the Marina do Lugar de Baixo, sending white spray into the air above the dock built for 291 of the world’s finest yachts. All the berths are empty eight years after the boat landing opened.
Treasuries rose while the cost to insure Irish government bonds jumped to a record amid concern that Europe’s debt crisis is worsening and American consumer confidence is slumping. U.S. stocks fluctuated; the euro fell.
U.S. stocks rose, with the Standard & Poor’s 500 Index completing the longest weekly rally since April, as better-than-estimated earnings at technology companies overshadowed an unexpected drop in consumer confidence.
Greek bonds fell, leading weekly declines by securities from Europe’s periphery, as concern the nation will struggle to meet deficit targets pushed the extra yield over German securities to the highest in a month.