Portugal–US Economic Development ·
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Events & Notices

Thursday, 30 October

Expresso

  • Lucros da EDP caem 1% para 786 milhões de euros

    Os lucros da EDP cairam 1% nos primeiros nove meses do ano, face a igual período do ano passado, e situam-se agora nos 786 milhões.
  • Economia norte-americana cresce 3,5%

    O aumento das exportações e a indústria da defesa impulsionaram a economia dos Estados Unidos, que cresceu a um ritmo anual de 3,5% no terceiro trimestre.
  • Diretor e diretor-adjunto da supervisão de saída do Banco de Portugal

    Depois do esvaziamento de funções do vice-governador do Banco de Portugal, Pedro Duarte Neves, na sequência do caso BES, a direção da supervisão sofre alterações com a saída de Luís Costa Ferreira e Pedro Machado, que vão para a auditora PwC.
  • Portugal e Grécia penalizados no mercado da dívida

    Depois de uma abertura em baixa na manhã de segunda-feira, os juros da dívida obrigacionista dos dois periféricos voltaram a uma trajetória de alta durante a semana. O índice de pânico financeiro voltou a subir na zona euro e as quedas bolsistas mais acentuadas registam-se em Atenas, Madrid, Milão e Lisboa.
  • Metro de Lisboa volta a parar em novembro

    Dia 13 há mais um protesto. Desta vez, por causa da fusão da gestão da empresa com a Carris, Transtejo e Soflusa.
  • Angolanos impedem BES de participar em assembleia geral do BES Angola

    O BES, que tem 55,71% do BESA, vai impugnar as decisões tomadas na reunião dos acionistas que decorreu esta quarta-feira. Queixa-se de ter sido convocado para a reunião em cima do prazo e de a sua representante ter sido impedida de entrar na assembleia geral, alegadamente por ter chegado atrasada.

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Jornal de Negocios

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The Economist

  • Schumpeter: Creative capitalism

    pdiv class=content-image-full img src=http://cdn.static-economist.com/sites/default/files/imagecache/full-width/images/print-edition/20141101_WBD000_0.jpg alt= title= width=595 height=335 / /divTHE main building on Disney’s studio lot has seven huge replicas of Snow White’s dwarfs holding up its roof, a reminder of how Hollywood does not take itself too seriously. Nor do many outsiders. Film is an eccentric business, filled with egos and excess. For most of their history, studios have had neither the stunning returns of startups nor the steady profits of mature firms. They are famed for blowing vast sums on high-profile turkeys. “Heaven’s Gate”, an extravagant flop in 1980, crushed United Artists, the studio Charlie Chaplin and other stars founded in 1919.Few business-school professors would ever think to walk the red carpet and use Hollywood as a case study. However, it is time they tuned in to Tinseltown. One reason is that other industries are coming to resemble the film business in some ways. In today’s knowledge-based economy, bosses are having to spend more time managing flighty “stars”. Food and consumer-goods makers are, as the studios have already done, seeking to focus more on a narrower range of “blockbusters”; and in industries from electronics to carmaking, the pace of product and brand launches is increasing, so Hollywood’s ability to.../p
  • Family firms: Business in the blood

    pdiv class=content-image-full img src=http://cdn.static-economist.com/sites/default/files/imagecache/full-width/images/print-edition/20141101_WBP001_0.jpg alt= title= width=595 height=335 / /divTHE “Lucky Sperm Club”, as Warren Buffett likes to call it, is still going strong in the commanding heights of business. On opposite sides of the Atlantic, Ana Botín and Abigail Johnson have recently succeeded their fathers in filling two of the most powerful jobs in finance, as chairman of Banco Santander and chief executive of Fidelity Investments, respectively.Founding dynasties run, or wield significant clout at, some of the world’s largest multinationals, from Walmart to Mars, Samsung to BMW. Half a century ago management experts expected the hereditary principle to fade fast, because of the greater ability of professionally-run public firms to raise capital and attract top talent. In fact, family firms have held their ground and, in recent years have increased their presence among global businesses.Family-controlled firms now make up 19% of the companies in the em class=ItalicFortune/em Global 500, which tracks the world’s largest firms by sales. That is up from 15% in 2005, according to new research by McKinsey, a consulting firm (which defines such firms as ones whose founders or their families have the biggest stake, of at least 18%, plus the power.../p
  • French companies: Room at the top

    pdiv class=content-image-float-290 img src=http://cdn.static-economist.com/sites/default/files/imagecache/290-width/images/print-edition/20141101_WBP003_0.jpg alt= title= width=290 height=344 / span class=captionAdieu, Monsieur Viehbacher/span /divTHE once-familiar line-up of bosses at France’s largest firms is getting less familiar all the time, as one after another is moved, fired or quits. This week it was the turn of Christopher Viehbacher, the German-Canadian chief executive of Sanofi, a drugs giant, who was sacked mainly due to poor relations with the company’s board (or so the board said).Sanofi’s board promises to continue Mr Viehbacher’s policy of global expansion. But many believe it was the recent decision by the firm’s first non-French boss to move his office to Boston—closer to much of the research on which Sanofi relies—that provoked the rupture. The row, plus news that the firm’s important diabetes business was struggling against its competitors, had knocked 16% off the value of Sanofi’s shares by mid-week. Until then it had been France’s largest quoted firm by value.It has yielded that place to Total, the world’s fourth-biggest oil company. It was no boardroom row but a fatal aviation accident that removed Christophe de Margerie from its executive suite. For varying reasons, the bosses of the three other companies that dominate the.../p
  • Companies and the Ebola outbreak: Still open for business

    pdiv class=content-image-float-290 retina-290 a href=http://www.economist.com/blogs/graphicdetail/2014/10/ebola-graphics class=ec-active-imageimg src=http://cdn.static-economist.com/sites/default/files/imagecache/original-size/images/print-edition/20141101_WBM221_0.png alt= title= /span class=caption image-linkdiv class=caption-pointer/divspan class=caption-textEbola in graphics: examining the data behind the crisis so far/span/span/a /divTHE death toll and the devastation caused by the Ebola outbreak continue to rise. As many as 5,000 people are now recorded as having been killed by the virus rampaging through Liberia, Sierra Leone, and Guinea (with a few cases elsewhere), and about double that number have been infected. Although there were some encouraging signs this week that the outbreak is being curbed in Liberia, its real toll may be much higher than official figures show.The economic damage is rising, as fields lie fallow and traders stop going to market. Prices of basic foods have more than doubled in some parts of the affected areas and incomes are plummeting. The World Bank reckons that the cost to the region’s economies may be as much as $33 billion over the next 18 months if the virus is not quickly contained. Countries that have struggled to emerge from civil wars or strife may be set back years. Yet some businesses are.../p
  • Insolvency and commercial disputes: Caught up in the courts

    pdiv class=content-image-float-290 retina-290 img src=http://cdn.static-economist.com/sites/default/files/imagecache/original-size/images/print-edition/20141101_WBC118.png alt= title= width=580 height=816 / /divON OCTOBER 29th the World Bank released its annual “Doing Business” report, ranking 189 economies by how attractive they are to firms. That Singapore led the list again this year, with Eritrea stuck in last place, was less surprising than the fact that Ukraine leapt up the rankings. This was in part due to improvements to its tax-collection system, introduced before its conflict with Russia flared up. The World Bank’s indicators seek to cover many aspects of a country’s business climate, but not the risk of invasion by a belligerent neighbour.The report’s most interesting data—on the time it takes to settle a commercial dispute or to wind up a company—shed light on the problems facing Europe’s periphery since the global financial crisis. Countries where it is quick and easy to do these things are usually more attractive to investors than places with lethargic legal systems. In much of southern Europe, which has been hit hard by the crisis, the courts are far slower than places such as France and Germany (see chart). This helps to explain why investment has been slow to revive there.In some places the situation is getting worse. It now takes more.../p
  • Vaccine-makers and Ebola: Giving it a shot

    pIN MAY 2013 GlaxoSmithKline (GSK), a British pharmaceuticals firm, bought a small Swiss vaccine-maker for $325m. It acquired Okairos because it had the technology to create vaccines that stimulate stronger than normal immune responses. In a press release Okairos said the deal included a “small number of early-stage assets”.That passing remark turned out to be a big deal. What GSK had paid for included a preclinical Ebola vaccine candidate, and in March this year it contacted the World Health Organisation (WHO) to let it know what it had. The WHO told GSK at first that its focus was on implementing disease-control protocols, and it was not until August that the company was asked to accelerate work on its vaccine.The pharmaceutical industry has long neglected vaccines, not least because they are mostly needed by countries too poor to pay much for them. However, as concern about the current Ebola outbreak has grown, work on several candidates has been stepped up. This has involved unprecedented collaboration between companies, regulators, governments and bodies such as the WHO. Two candidates, GSK’s and one from NewLink Genetics, an American firm, will be ready for testing in West Africa by the end of the year. Health-care workers will be the guinea-pigs, so if the vaccines work this would have the fortunate side-effect of protecting a vital group of people.Johnson .../p

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Financial Times — Europe

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Portugal-US Chamber of Commerce - slideshow image

Pan-European Days at the New York Stock Exchange, May 2014

Chamber board member Ricardo Caliço attended the event on behalf of the Chamber and reports back that the three-day conference was aimed at showcasing investment opportunities in Europe. This year, the program included the European Economic Forum at the New York Stock Exchange, featuring representatives from European Union, chief economists from major financial institutions, and other high-level thought-leaders to discuss the latest developments in the major European economies. The Program also included an investor conference at the Waldorf Astoria hotel organized by, ING, KBC Securities, Millennium BCP/Auerbach Grayson and Societe General. The investor conference provided opportunities for Euronext-listed companies from Portugal, Belgium, France, and Netherlands to meet privately with North America based institutional investors. The 13 Portuguese companies presented in the event were: BES, BPI, CTT, EDP, EDPR, Espirito Santo Saude, Galp, Impresa, Jerónimo Martins, Millennium BCP, Mota Engil, REN and Zon. The Portuguese Government was represented by Isabel Castelo Branco, Secretary of State of Treasury, and by the Treasury and Debt Management Agency. See more details here.

Posted on 2 Jun 2014
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Portuguese Artist Julião Sarmento to Exhibit in New York City

The Sean Kelly Gallery will host an exhibition by Portuguese artist Julião Sarmento, from March 28 - May 3, 2014. Further details can be found here.

Posted on 21 Mar 2014
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Chamber Attends Workshop on the New York Nonprofit Revitalization Act of 2013

New York State’s laws governing charitable and other nonprofit organizations date from the 1960s. The New York State Attorney General’s Office has undertaken revisions in the form of the New York Nonprofit Revitalization Act of 2013. The changes have two main purposes: reducing burdens on nonprofits through the modernization of statutory requirements; and increasing public trust in the nonprofit sector by strengthening board governance and enhancing Attorney General enforcement powers. Most provisions will take effect effective July 1, 2014. As a 501c4 nonprofit corporation, the Portugal-US Chamber of Commerce will also need to adhere to new regulations. More information about the Revitalization Act of 2013 can be found here.

Posted on 6 Mar 2014
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Vista Alegre Exhibits at the 2014 San Francisco International Gift Fair

Visit Vista Alegre’s booth at the San Francisco International Gift Fair, 15-18 February 2014. More information about the Fair can be found here.

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Posted on 17 Feb 2014
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Eight Portuguese companies to visit New York City, 4-6 February 2014

In collaboration with the Associacao Comercial de Lisboa (ACL) and the Confederacao Internacional de Empresarios Portugueses (CIEP), the Chamber is hosting eight Portuguese companies from the textile, technology, artisanal foods, olive oil, wine, spirits, shoe wear, and lighting design sectors. The firms will meet with U.S partners based in New York and New Jersey, and will also meet with Portuguese and U.S. officials and representatives of the Portuguese business communities. For further details, contact the Chamber at .(JavaScript must be enabled to view this email address).

Posted on 28 Jan 2014
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Our Organization

The Portugal–US Chamber of Commerce in New York was founded in 1979 to stimulate economic development, trade and investment, and cultural exchange between the United States and Portugal. As a member of the Association of Portuguese-American Chambers of Commerce (APACC), it works closely with its counterparts in Portugal, Canada, and across the United States to promote shared interests in Portugal and expose the vast economic opportunities of the country. The Chamber provides its members ongoing opportunities to network with individuals also engaged in Portugal-US affairs as well as numerous channels by which they can obtain essential bilateral support and information.

Membership Benefits

Membership in the Chamber is open to all individuals who are interested in building a strong economic partnership between Portugal and the United States. Current members range from small businesses to large corporations in the fields of banking and finance, construction, communications, education, import/export, law, and transportation, to name a few.

Membership benefits include:

  • Frequent Chamber events that promote networking and foster strong community ties
  • Access to prominent business and government leaders
  • Alerts of noteworthy cultural and social events in New York City
  • Business luncheons and seminars to expose members to exciting new economic opportunities
  • Access to online resources and members-only directory