LISBON, Portugal (AP) -- Portugal sold 10-year bonds Tuesday for the first time since it needed a bailout in 2011, representing a milestone in efforts to restore investor confidence in the frail eurozone country and prove that contested austerity policies are paying off.
Though Portugal remains a ward of its bailout creditors and a full economic recovery will still take years, its success in raising 3 billion euros ($3.9 billion) on international markets was a welcome positive sign for European leaders eager to put a three-year financial crisis behind them.
Portugal, one of five eurozone countries that have needed rescue, hadn't sold long-term debt since it needed 78 billion euros ($102 billion) two years ago to escape bankruptcy. The three major international ratings agencies downgraded Portugal's credit worthiness to junk status as the debt-heavy country fell victim to the eurozone financial crisis that spooked investors.
Best Bank Stocks To Own Right Now: NAPCO Security Technologies Inc.(NSSC)
Napco Security Technologies, Inc., together with its subsidiaries, manufactures and sells security products for intrusion, fire, video, wireless, access control, and door locking systems. The company offers intrusion and fire alarms, building access control systems, and electronic locking devices for commercial, residential, institutional, industrial, and governmental applications. Its access control systems comprise identification readers, control panel, personal computer-based computer, and electronically activated door-locking devices; alarm systems include automatic communicators, control panels, combination control panels/digital communicators and digital keypad systems, door security devices, fire alarm control panels, and area detectors; and video surveillance systems consists of video cameras, control panel, and video monitor or personal computer. The company also markets peripheral and related equipment manufactured by other companies. It sells and markets its pro ducts to independent distributors, dealers, and installers of security equipment worldwide. The company was formerly known as NAPCO Security Systems, Inc. and changed its name to Napco Security Technologies, Inc. in January 2009. Napco Security Technologies, Inc. was founded in 1969 and is headquartered in Amityville, New York.
Best Bank Stocks To Own Right Now: Wolseley Plc(WOS.L)
Wolseley plc engages in the distribution of plumbing and heating products, and building materials to the professional contractors primarily in the United States, Canada, the United Kingdom, France, Nordic region, and central Europe. The company supplies plumbing, heating, and air conditioning products comprising baths, showers and accessories, sanitaryware, brassware, bathroom furniture, boilers and burners, radiators and valves, hot water cylinders and flues, control equipment, ventilation and air conditioning equipment, heat pumps and solar equipment, plastic pipes and fittings, and copper tubing and fittings. It also distributes building materials, such as insulation, plaster and plasterboard, roofing materials, bricks, blocks and aggregates, tiles and flooring, timber products, doors and frames, glass, beams, trusses and frames, hardware and tools, and cement. In addition, the company supplies civils/waterworks products, such as drainage pipes, and associated supplies and covers; underground pressure pipes; small bore pressure pipes and fittings; carbon and stainless steel pipes, and valves and fittings; and other pipes, valves, and fittings. Further, it distributes electrical cables and cabling accessories, controls and switchgears, wiring accessories, lighting, data networking supplies, and cable management products, as well as engages in the installation, maintenance, and management of customer inventory. As of July 31, 2011, the company operated 3,837 branches in 23 countries. Wolseley plc was founded in 1887 and is headquartered in Zug, Switzerland.
Best Net Payout Yield Stocks To Watch Right Now: International Millennium Mining (IMI.V)
International Millennium Mining Corp., an exploration stage company, engages in acquiring, exploring, and evaluating mineral properties in Canada and the Americas. It primarily explores for gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper, and platinum group metals. The company owns interests in various properties located in British Columbia and Ontario, Canada; Nevada, the United States; and Sonora State, Mexico. International Millennium Mining Corp. is headquartered in North Vancouver, Canada.
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