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Portugal Finance Minister on Trade, Tariffs, TAP
Portugal Finance Minister on Trade, Tariffs, TAP

Yahoo

time07-07-2025

  • Business
  • Yahoo

Portugal Finance Minister on Trade, Tariffs, TAP

Portuguese Finance Minister Joaquim Miranda Sarmento discusses trade negotiations between the European Union and the US ahead of the July 9 deadline. "Tariffs will reduce economic growth both on the US and Europe," he tells Bloomberg's Francine Lacqua. "We do expect that at the end it's possible to have an agreement with very low tariffs," he adds. Sarmento also talks about airline TAP SA and foreign investment in Portugal. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Portugal Sees EU, US Reaching Trade Deal With ‘Very Low' Tariffs
Portugal Sees EU, US Reaching Trade Deal With ‘Very Low' Tariffs

Bloomberg

time07-07-2025

  • Business
  • Bloomberg

Portugal Sees EU, US Reaching Trade Deal With ‘Very Low' Tariffs

Portuguese Finance Minister Joaquim Miranda Sarmento said he sees the European Union and the US reaching an agreement with tariffs potentially below 10% that would help keep trade flowing. 'It's possible to have an agreement with very low tariffs, an agreement that could be perceived as beneficial to both parties and that could continue to allow us to trade and to increase value for our citizens,' Sarmento said in a Bloomberg Television interview in Brussels. 'We expect to have an update of what the Commission was able to negotiate with the US administration,' in the EU finance ministers' meetings to be held today and on Tuesday.

Earnings Tweak for Tariffs Draws Scrutiny to Urbaser's Debt Sale
Earnings Tweak for Tariffs Draws Scrutiny to Urbaser's Debt Sale

Bloomberg

time18-06-2025

  • Business
  • Bloomberg

Earnings Tweak for Tariffs Draws Scrutiny to Urbaser's Debt Sale

Spanish waste management company Urbaser SA has removed a clause from deal documents that would have allowed it to exclude the impact of the US trade war from its earnings, according to people familiar with its debt sale. Urbaser, which is owned by private equity firm Platinum Equity, is seeking to raise €2.3 billion ($2.7 billion) in fresh debt from investors. An offering memorandum seen by Bloomberg included a provision that would have allowed it to tweak Ebitda, or earnings before interest, tax, depreciation and amortization, to exclude the impact of tariffs.

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