After Tumult, Debt Worries Ease in Europe
Two months ago, Europe?s debt problems seemed grave enough to imperil the global economic recovery. Now, some investors are treating it as the crisis that wasn?t.
Telefónica Withdraws Bid for Brazilian Joint Venture
Telefónica of Spain withdrew a $9.24 billion bid to take full control of its Brazilian wireless joint venture with Portugal Telecom after the Portuguese government vetoed the deal.
Portugal Turns to Angola to Grow
With oil and diamonds, Angola is one of the strongest economies in sub-Saharan Africa, and is attracting Portuguese to set up shop there.