Don't miss

Replay


LATEST SHOWS

TALKING EUROPE

Ukraine's deputy PM on Kiev's EU ambitions, corruption and Russian influence

Read more

TALKING EUROPE

A journalist murdered: Europe's media freedom under threat

Read more

THE INTERVIEW

Top psychiatrist: Trump's 'mental impairment' poses danger to world

Read more

BUSINESS DAILY

Hammond teases UK budget with homebuilding, driverless cars

Read more

IN THE PAPERS

The 'Blame Game' has begun in Germany

Read more

REPORTERS

Exclusive: From Tehran to Najaf, a pilgrimage fraught with danger

Read more

IN THE PAPERS

Germany's 'Jamaica' talks fail and French mayors hit the capital

Read more

EYE ON AFRICA

President Robert Mugabe emerges from house arrest

Read more

MEDIAWATCH

Harassment and hypocrisy in Washington

Read more

BUSINESS DAILY

A daily update on the latest business and economic news. Live on weekdays at 8.15 am Paris time.

Latest update : 2014-08-04

Portugal rescues biggest lender with €4.9bn bailout

Portugal is to rescue its biggest lender, Banco Espirito Santo, with a €4.9 billion bailout. Last week, the bank reported losses of €3.6 billion due to debts from its biggest shareholder, the Espirito Santo group. The rescue plan will see the lender split into "good" and "bad" banks. Also today: Panasonic adds radishes to its product line-up.

By Stephen CARROLL

COMMENT(S)

Archives

2017-11-20 UK

Hammond teases UK budget with homebuilding, driverless cars

UK Finance Minister Philip Hammond is about to unveil a new budget and says the UK will have a fresh proposal for its Brexit "divorce bill" ahead of an EU Council meeting in...

Read more

2017-11-17 Donald Trump

US House of Representatives passes tax reform bill

The US House of Representatives has passed a bill that would slash taxes by more than 1.4 trillion dollars over the next decade. The Senate is expected to vote on its version of...

Read more

2017-11-16 telecommunication

Media giant Altice to hold off on acquisitions amid debt woes

In this business update we look at debt-ridden media and telecoms group Altice, led by French billionaire Patrick Drahi (pictured). It's been forced to hold off on further...

Read more

2017-11-15 Airbus

Airbus announces record order worth $50bn

Airbus has announced its biggest-ever single order of 430 planes, worth $49.5 billion. The aircraft have been ordered by the US investment firm Indigo Partners, and will be...

Read more

2017-11-14 Venezuela

Venezuela defaults on interest payments

Venezuela has been declared in default by the ratings agency Standard & Poor's, after missing a deadline for two interest payments worth $200m. The news came after Caracas called...

Read more