Latest news and stories about investments in Portugal for expats and residents.
BCP plans to distribute 509 million euros in dividends, representing 50% of its annual profits, while proposing a share buyback program and capital restructuring at its upcoming general meeting.
This was a significant week for the US Nasdaq index as several tech companies released their results. While the index remained near record highs, news regarding OpenAI renewed investor scepticism about the return on investment in AI. The company missed its revenue and user growth targets, causing a ripple effect of scepticism across the ecosystem, with stocks like Oracle, Broadcom, AMD and Nvidia retreating. Investors were primarily looking for confirmation that massive AI investment is translating into real revenue and profit growth, with particular focus on cloud and advertising businesses. This scrutiny is driven by the nearly 600 billion dollars in combined infrastructure investment planned by the four major tech groups for 2026. Meanwhile, the Federal Reserve kept interest rates unchanged at 3.50%-3.75%. The market remains uneasy due to oil prices trading near record highs, the ongoing conflict in the Middle East, and the Fed's upward revision of its 2026 inflation projections, which limits the scope for future rate cuts.
The Bank of Portugal stated today that the governor, Álvaro Santos Pereira, sold the shares he had purchased at the end of last year while already in office, following contact with the European Central Bank (ECB).
Foreign entities have turned to record volumes of financing in the Chinese currency, the yuan, this year, due to low interest rates and growing demand from Chinese investors for higher-yielding assets, according to data cited by the Financial Times.
Pharol has once again failed to move forward with the share consolidation proposal, with the item being withdrawn during this Friday's general meeting, held in a second call, according to a market announcement. In the note released by the Portuguese Securities Market Commission (CMVM), the company indicated that shareholders approved...
Leading the declines was Galp, which fell 3.16% to 19.32 euros.
Knowledge and confidence are breaking down the barriers of a market historically dominated by men. Portugal ranks 13th out of 39 countries in terms of financial literacy.
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