Portugal's caretaker prime minister Jose Socrates has announced he has reached agreement on a bail-out from the EU and the International Monetary Fund.
He said the three-year loan was a "good agreement that defends Portugal". His office says that Portugal will be asking for financial assistance worth 78bn euros ($116bn; £70bn). MORE... Manufacturing's role as the engine of the UK's recovery appears to be faltering after figures showed output fell to a seven-month low last month. MORE... Barclays, Royal Bank of Scotland and Goldman Sachs are among the top banks being sued for $2.2bn (£1.3bn) by the trustee for Thornburg Mortgage Inc, the bankrupt US lender. MORE...
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