Banco Espirito Santo

After the S&P 500 lost 2.7 percent last week in a sharp sell-off, investors are likely to be cautious this week as they worry about the possibility of a correction. Investors haven’t seen a decline of more than ten percent in about three years, so most believe that a correction is...

U.S. stocks rose ahead of next week's busy earnings schedule, but still finished lower for the week. On Tuesday, Yahoo! and Intel kick off earnings in the tech sector with eBay following on Wednesday. Investors will also see results from Citigroup, Goldman Sachs and JPMorgan Chase in the...

The euro declined on Friday, trading at $1.3606 at 6:00 GMT after losing ground on Thursday following news that Portugal's Banco Espirito Santo was in trouble. The Portuguese Bank's shares were pulled from the market after losing 17 percent on Thursday due to solvency issues. So far this week, the...

U.S. markets followed European equities and sold off after Portugal's second largest bank Banco Espirito Santo missed a debt payment, renewing concerns over the health of the Portuguese and European economy. Despite a comeback from hefty losses, major indices still finished the day in...