Europe

Hungary has asked the International Monetary Fund (IMF) and the European Union (EU) for financial aid as its debt pile grows and its currency weakens.

GLOBAL

Fixed income specialist says Portugal will soon be exposed as most unstable region.

EQUITY INCOME

T. Rowe Price has added a European High Yield Bond strategy to its fixed income range, managed by Mike Della Vedova.

The European Commission (EC) has proposed a crackdown on ratings agencies such as Standard & Poor's (S&P) and Moody's which would see them held accountable for mistakes and ensure they followed stricter rules.

Neptune's Rob Burnett is eyeing European banks for his equity portfolio as he believes the sector will be supported by full fiscal union - an option he thinks is becoming increasingly likely to rescue Europe from its debt crisis.

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