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Portugal PM slashes growth forecast

  Lisbon / AFP Portugal’s economy will grow by just over one percent this year, Prime Minister Antonio Costa said in an interview published Monday, lowering his government’s initial estimate of 1.8 percent growth. “Everything indicates we will have growth above one percent,” he told daily newpspaper Publico, before adding that the expansion of the economy would not be “much ...

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Inequality threatens fight against extreme poverty, warns World Bank

  Washington / AFP Extreme poverty has been falling steadily around the world, but eliminating it by 2030 could be stymied by unequal distribution of the gains of economic growth, the World Bank said on Sunday. Unless the gains of growth are steered better to those at the bottom of a country’s economy, they could be left behind, warned the ...

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Italian yields at 2-year high versus Spain on referendum poll

  Bloomberg Italy’s bond-yield spread to Spanish securities climbed to the highest level in almost two years after the latest poll showed that the constitutional referendum, on which Prime Minister Matteo Renzi’s political fate hangs, is too close to call. Italian 10-year government bonds declined, erasing last week’s gain, after a survey conducted by Ipsos PA for the newspaper Corriere ...

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