bailout

Goldman Sachs is telling clients in a newly-released note that it sees Portugal being the last European nation to seek a bailout, following Greece and Ireland. Francesco Garzarelli, Goldman Sachs's chief interest-rate strategist said that “We do not expect any other EMU sovereign to be in need of...

Portugal is the latest European nation to seek a financial bailout, citing high interest rates on an increasingly burdensome debt load. "The government decided today to ask the European Commission for financial help," Prime Minister José Sócrates said in a televised statement Wednesday evening....

Although it is Japan's biggest non-financial firm bankruptcy ever, Japan Airlines Corp. will survive and keep flying thanks to a state-supported 600 billion yen credit line, 300 billion yen cash injection, and a forgiven 730 billion yen worth of debt. Shareholders, bond owners, and the upper...