Argentina defaults for second time

Argentina has defaulted on its debt - for the second time in 13 years - after last-minute talks in New York with a group of bond-holders end in failure.

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Samsung profit hit by phone slowdown

Profits at Samsung Electronics fall 20% in the second quarter, hurt mainly by a slowdown in smartphone sales and a strong Korean currency.

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Portuguese bank in 3.6bn euros loss

Portugal\'s troubled lender, Banco Espirito Santo, reports a bigger-than-expected loss of 3.6bn euros for the first six months of the year.

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