Thursday, November 26, 2015   

European stocks open higher
(08-04 15:35)

Europe's main stock markets climbed at the start of trading on Monday as investors reacted positively to news that Portugal plans a financial rescue of crisis-hit lender Banco Espirito.
London's benchmark FTSE 100 index rose 0.25 percent to 6,696.08 points, Frankfurt's DAX 30 grew 0.13 percent to 9,222.05 points and in Paris the CAC 40 advanced 0.48 percent to 4,222.78 compared with Friday's close.
Portugal will inject 4.4 billion euros into Banco Espirito Santo (BES), national bank governor Carlos Costa announced late Sunday, amid fears of a catastrophic bank run.
The bank will be split into two entities, with its toxic assets isolated and its healthier assets regrouped in a new Novo Banco, Costa said.
"Slightly supportive for European shares is the announcement that the Bank of Portugal has taken over control of Banco Espirito and submitted a rescue plan for Portugal's second biggest lender, removing uncertainty,'' said Markus Huber, senior analyst at brokers Peregrine & Black. --AFP   
Other Business breaking news:
Osborne abandons UK tax credits (11-25 21:32)
Europe equities rally (11-25 21:16)
Hungary plans yuan bonds (11-25 21:05)
Singapore cuts growth forecast to 2pc (11-25 20:09)
Lufthansa cabin crew to continue job talks (11-25 17:24)
High-speed traders face registration rule (11-25 17:16)
Toyota Corollas and other models recalled for air bag defects (11-25 16:45)
Hang Seng closes lower, Shanghai gains (11-25 16:18)
US stocks rebound (11-25 11:16)
HK stocks lower, CKI and Power Assets shares dip (11-25 11:12)

More breaking news >>

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