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A man reads the front pages of various newspapers announcing Portugal's central bank's decision to rescue troubled lender Banco Espirito Santo (BES) in a 4.9 billion euro ($6.6 billion) recapitalisation in Lisbon in this August 4, 2014 file photo. REUTERS/Hugo Correia/Files

The billion-dollar fall of the house of Espirito Santo

29/08/2014(0)
On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to ... Read More
draghi_ecb

Euro zone inflation dips as expected in August

29/08/2014(0)
Euro zone inflation dropped to a fresh five-year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate ... Read More
European Central Bank

Vanishing euro zone inflation seen intensifying ECB policy headache

29/08/2014(0)
If euro zone inflation falls deeper into the ‘danger zone’ as expected on Friday, it will at the very least complicate the European Central Bank’s plans to wait and ... Read More
oil prices

A New American Oil Bonanza

29/08/2014(0)
The United States now accounts for 10% of the world’s oil production. As it sharply curtails imports from countries like Angola and Nigeria, those producers are then compelled to ... Read More
A depositor at Bulgaria's Corporate Commercial Bank (Corpbank) holds a sign during a demonstration demanding access to their accounts in Corpbank, in front of the Bulgarian National Bank in Sofia August 19, 2014. REUTERS/Pierre Marsaut

Bulgaria may let Corpbank depositors get partial access to accounts

29/08/2014(0)
Depositors at Bulgaria’s Corporate Commercial Bank (Corpbank) 6C9.BB may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday. ... Read More
alibaba.com

A Chinese E-Commerce Company Is Born and enters competition with Alibaba

29/08/2014(0)
Dalian Wanda Group, the Chinese real estate, cinema and retail conglomerate controlled by the billionaire Wang Jianlin, announced on Friday that it would enter the e-commerce industry in an ... Read More
shell

Shell Submits a Plan for New Exploration of Alaskan Arctic Oil

29/08/2014(0)
Royal Dutch Shell submitted a plan to the federal government on Thursday to try once again to explore for oil in the Alaskan Arctic, following years of legal and ... Read More
The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego

Morgan Stanley plans natural gas export plant in new commodities foray

29/08/2014(0)
Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into ... Read More
VirginAustraliaGetty

Virgin Australia reports biggest ever annual loss

29/08/2014(0)
Virgin Australia reported its biggest ever loss for the twelve months ending June. Its post-tax loss of A$355.6m (£200.5m) was over three times larger than the A$98.1m loss it ... Read More
ireland

Irish Panel to Pick Privacy Regulator With Global Reach

29/08/2014(0)
In the coming weeks, an Irish government committee is set to pick the country’s new data privacy regulator, a relatively obscure position but one with global sway. The five-person ... Read More
Broker Cyprus TopFX