Global Partners LP

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  • Financials

    Must-know: The birth of Novo Banco SA

    On July 10, BES—one of the biggest banks in Portugal—stalled its shares and bonds trading because of ESI’s alleged defaulted on a debt payment. As a result, BES saw its shares plunge 17.2% on July 10 while ESI and Portugal’s benchmark stock index, PSI-20, dropped 8.92% and 4.2%, respectively.