Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
Capitalization of Novo Banco, Portugal's third largest lender took a toll over the country's finances. Portugal's National Statistics Institute (NSI) revised 2014 budget deficit from 4.5% of GDP to staggering 7.5% of GDP to take the capitalization of the troubled bank into account.
This month's failed auction of Novo Banco led to addition of € 4.9 billion into 2014's budget account. Portugal had said the bids from Chinese and US bidders were too low.
Last week, rating agency Standard &Poor revised Portugal's rating to BB+ just a notch below investment grade. However if the government fails to sale Novo at expected price it would strain this year's budget as well, whereas a sale would improve this year's balance sheet.
Though this is just an accounting norms and unlikely to have much of a financial impact, it might have much greater political impact as Portugal is going into election in weeks and this would be sighted by opposition as clear setback.
