E-PaperEspirito Santo News
Banco Espirito Santo’s former owner files for bankruptcy
The board's decision follows a ruling by a Luxembourg court on 3 October rejecting a request for creditor protection
2 min read9 Oct 2014US stocks fall with bonds amid services data; copper retreats
The S&P 500 Index fell 0.4% in New York; treasury rates added 3 basis points to 2.51%
5 min read5 Aug 2014US stocks fluctuate with Europe equities amid Espirito Santo bailout
The S&P 500 Index increased 0.1% in New York after tumbling 2.7% last week
4 min read4 Aug 2014Portugal in $6.6 billion rescue of Banco Espirito Santo
Under the plan, BES will be split into a 'good bank', renamed Novo Banco, and a 'bad bank'
3 min read4 Aug 2014Asian stocks mixed, China bolstered
Portugal's central bank's intervention to inject 4.4 bn into Banco Espirito Santo late Sunday had an impact on markets
2 min read4 Aug 2014Mounting alarm over Portugal’s Espirito Santo bank roils global markets
Portugal's stock market regulator halts trading in Banco Espirito Santo (BES) after the shares fell 19%
4 min read25 Jul 2014Ousted Espirito Santo bank head arrested
Ricardo Salgado has been arrested in connection with money laundering near Lisbon a day after several premises in the Espirito Santo group were searched
1 min read24 Jul 2014Global markets rally on China growth data, US earnings
China data boosts stocks and oil outlook; US shares also rally on M&A activity, earnings
2 min read16 Jul 2014Portugal Telecom loses chunk of Oi merger over unpaid Espirito Santo debt
Portugal Telecom says it will take legal action to try and recover the debt from Rioforte
4 min read16 Jul 2014Espirito Santo to file for creditor protection for Rioforte
The move is aimed at preventing insolvency that would trigger a fire sale of assets
2 min read15 Jul 2014Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared