Tag: bloomberg

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EU could spark global bank crisis if it thwarts Brexit deal, UK warns

January 10, 2018, 10:25 am
The European Union risks opening the door to another global financial crisis if it refuses to give London’s bankers a good trade deal, two senior U.K. ministers warned in a joint article for a German... 

Hungary's monetary easing becomes worldwide sensation

December 6, 2017, 10:27 am
The National Bank of Hungary (MNB) is joining the quantitative easing era just as major global counterparts such as the U.S. Federal Reserve look to leave it, Bloomberg reported on Wednesday. It seems... 

Massive job cuts planned by Siemens may benefit Hungary

October 20, 2017, 8:58 am
Siemens AG is starting what could be its largest round of job cuts in at least two years and may close several sites as part of a reorganization plan, people familiar with the matter said. The downsizing... 

Hungary is not a bad place to feed your vices

June 21, 2017, 10:48 am
Bloomberg has made the following map, showing how cheap or expensive it is in different countries to indulge in a weekly habit of drugs booze and cigarettes. Bloomberg has tallied up the cost of a generic... 

Brexit-fed two-speed EU may cause eastern unrest - Hungarian EcoMin

February 28, 2017, 8:59 am
Hungary’s Economy Minister Mihály Varga is concerned that Brexit may precipitate the creation of a two-speed European Union, which would threaten the development of eastern members outside the euro... 

Hungary jumps three spots in Bloomberg Innovation Index

January 17, 2017, 10:18 am
Nordic countries must be doing something right: Sweden, Finland and Denmark all advanced to higher rankings in the 2017 Bloomberg Innovation Index, which scores economies using factors including research... 

Hungary becoming a sort of Potemkin economy

December 16, 2016, 11:48 am
On the surface, for an outsider the Hungarian economy may look hunky-dory, but it is deteriorating inside like a Potemkin economy, Bloomberg reported in a story about Hungary on Friday. Experts talking... 

Hungary c.bank needs to revisit no-cut stance after surprise upgrade

September 26, 2016, 3:11 pm
A surprise credit upgrade is poised to send Hungary’s forint to peaks not seen since early 2015, potentially forcing an about-face at the nation’s central bank, according to the most accurate... 

Hungary is not the black sheep anymore

July 15, 2016, 11:24 am
Brexit sparked a rout in the currencies of eastern Europe and the suffering of Poland’s zloty is the most apparent three weeks after the UK referendum. Although the PLN definitely needs healing forecasters... 

Hungary cenbank may have a special tool to keep forint in check

April 15, 2016, 2:37 pm
Hungary may be only months away from introducing a cap on the forint, similar to the one imposed in the Czech Republic, if lowering the key policy rate as low as 0% fails to stem the strengthening of the... 

Hungary may complete purchase of Erste stake by June - Varga

January 7, 2016, 3:36 pm
Hungary may complete the purchase of a 15% stake in Erste Bank’s local unit by June, said the country’s Economy Minister. Mihály Varga also told Bloomberg in an interview on Wednesday that... 

Hungarian FX mortgage relief scheme: Turnaround in government stance?

November 6, 2013, 10:43 am
The Hungarian government does not exclude accepting the Banking Association’s proposal on a new relief package for foreign currency mortgage borrowers after it is made public and debated, said Economy... 

Dealing with balooning bad loans "much more pressing" in Hungary than FX debtor relief - Gyuris

September 24, 2013, 9:24 am
Hungary’s cabinet should partner with banks to focus on the increasing share of defaulting borrowers as it seeks to help borrowers saddled with billions of dollars in foreign-currency mortgages... 

Hungary is getting the pork barrel ready for 2014 elections - analysts

September 11, 2013, 1:41 pm
There is an ever growing attention on Hungary’s fiscal policy and its latest promises. Analysts say Prime Minister Viktor Orbán is getting the pork barrel ready for the 2014 elections. Gearing... 

Hungarian newswire MTI may be fined for false rate report

August 30, 2013, 9:03 am
Hungary’s state-owned newswire MTI may be looking at a fine by markets watchdog HFSA that has initiated market surveillance procedure against the agency for a typo. On 27 August MTI reported that... 

Hungary PM Orbán says Europe is ruled by speculators

April 25, 2013, 2:41 pm
“There was speculation against Hungary’s forint but we have managed to sort it out within a few hours," Prime Minister Viktor Orbán said on Thursday, referring to a brief but sharp weakening... 

Hungary markets watchdog to also launch probe into misleading agency headline

April 24, 2013, 3:24 pm
The Hungarian Financial Markets Supervision (PSZÁF) has on Wednesday initiated a probe on an ex-officio basis to investigate a misguided news agency report ahead of the announcement of the central bank’s... 

Hungary forint south of 300 vs. EUR, CDS spread at 2w low

April 24, 2013, 2:48 pm
Hungary’s forint has been fairly steady since the announcement of the central bank’s rate decision yesterday (25 bp cut), although on foreign markets we have seen bigger shifts and an ever... 

Hungary c.bank to look into misleading Bloomberg headline

April 24, 2013, 9:16 am
The National Bank of Hungary (NBH) has not shrugged off the cause of an abrupt forint weakening before the announcement of its rate decision on Tuesday and said the misleading information will be subject... 

Hungary forint rebounds after plunge on Bloomberg blunder

April 23, 2013, 2:23 pm
The weaker-than-expected purchasing manager index in China and the fact that rating agency Standard & Poor’s said today it saw more than a one-third chance that it would downgrade Japan's sovereign... 
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