07:38 16 September Daniel Sugarman   Negative Numbers out of China over the weekend have continued to effect markets, with no indication that the Chinese government intends to change its current economic course. Premier Li Keqiang seems determined to reduce China’s debt, stating last week...

ECB President Draghi dropped strong hints in Jackson Hole that the ECB was ready to act to in order to curb falling inflation expectations. This has cheered financial markets while weighing on the euro. The ECB already announced a list of easing measures in June, including a targeted long-term...

Portuguese authorities are considering creating a bad bank in a recapitalization plan to save Banco Espírito Santo SA, BES.LB -40.30% the country's second largest lender that has been caught up in a storm involving its parent company, according to people familiar with the matter. Under the plan,...

Banco Espírito Santo (BES) has posted a first-half net loss of €3.58bn that exposes the full extent of the Portuguese lender’s exposure to the financial woes engulfing its main shareholder, the Espírito Santo family group. Today BES stocks are losing 50% from yesterday close, now at 18 cents per...