By Andrei Khalip and Laura Noonan LISBON/LONDON (Reuters) - Banco Espirito Santo steadied market jitters about its vulnerability to the troubled business empire of its founding family on Friday but investors are still in the dark about the size of any potential losses. Portugal's largest listed bank is at the center of a firestorm after concerns about its links to a web of companies controlled by the powerful Espirito Santo clan sparked a rout in global markets this week, prompting some European companies to pull fundraisings and reviving memories of the region's debt crisis. Under pressure to clarify its position and stop the situation spiraling out of control, BES released a statement in the early hours of Friday saying that it had exposures worth 1.15 billion euros and believed it had enough reserves to absorb any losses. BES said it had 2.1 billion euros in capital above minimum regulatory requirements as of March 31.
LONDON (AP) — The most advanced vaccine for dengue only offers modest protection but could still help millions of people avoid the devastating effects of the disease known as "breakbone fever," according to a large trial.
British construction output fell in May as new work on private-sector housing dried up, suggesting the sector as a whole has lost momentum in the second quarter of the year. The figures add to tentative evidence that Britain's rapid economic growth over the past year - which was initially driven by housing and consumer-facing sectors - may be losing some pace. Construction output dropped by 1.1 percent in May after rising by 1.2 percent in April, causing the annual rate of growth to slow to a six-month low of 3.5 percent, the Office for National Statistics said on Friday. On a three-monthly basis - which smooths out volatility in the data - construction output showed its biggest fall since the three months to October 2012, dropping by 0.8 percent.