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Hungary Currency Risk

Emerging Market Stocks Gain

Emerging market stocks rose to three-week highs on Wednesday, boosted by stronger-than-expected Chinese trade data but Brazilan stocks dipped on profit-taking after recent gains.China's January exports and imports easily beat forecasts, data showed Wednesday, easing concerns over a slowdown in the world's second-largest economy. China is a key purchaser of raw materials such as iron-ore, soybeans and copper from other developing markets."Surprisingly strong export growth from China last month has raised hopes of a broader recovery in emerging market exports," Capital Economic wrote in an investor note.Emerging market equities advanced nearly 1 percent , with Chilean stocks notching their seventh straight gain and Russian shares up 0.8 percent.Mexico's IPC index advanced 0.2 percent, boosted by telecommunications firm America Movil, which beat fourth-quarter profit estimates late Tuesday.The country's peso was little changed ahead of the central bank's inflation report, due later in the...

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  1. Hungary , defying EU, pushes on with constitutional changes

    Hungary's ruling party is set to push through law changes on Monday that critics say will limit the powers of the constitutional court, one of the few institutions t...

  2. OTP Bank Ready To Grow But Demand for Loans Slack

    OTP Bank Nyrt. (OTP.BU), Hungary's largest bank by assets and market share, has the financial strength and is ready to expand considerably, but demand for loans cont...

  3. OTP Bank Swings to Lower-Than-Expected 4th-Quarter Profit

    OTP Bank Nyrt. (OTP.BU), Hungary's largest bank by assets and market share, swung in the fourth quarter of last year to a lower-than-expected net profit as the resul...

  4. Hungary to Ask Switzerland for Data on Hungarian Assets

    Hungary will ask Switzerland for data on Hungarian assets in the Alpine country with a view to imposing a penal 35% tax on such assets as it battles against tax evas...

  5. Jefferies, JP Morgan Hungary Government Bond Primary Dealer Candidates

    Jefferies International Ltd. and J.P. Morgan Securities PLC have joined the group of banks that are primary dealers of Hungarian government securities denominated in...

  6. ECB's Draghi Stresses Central Bank Independence

    European Central Bank President Mario Draghi delivered a thinly veiled warning to Hungary Friday, stressing that central bank independence is key for a credible mone...

  7. ECB warns Hungary again over central bank independence

    ECB President Mario Draghi said on Friday that Hungary's central bank must retain its independence to be credible - a rare public warning about undue political influ...

  8. Hungary "further from IMF deal" than a year ago: central banker

    Hungary's central bank cut rates again on Tuesday to help the shrinking economy even though the bank's Governor said the country was drifting away from an IMF and EU...

  9. OTP Bank 3Q Net Profit Up 21%, Exceeds Forecast

    OTP Bank Nyrt. (OTP.BU), Hungary's largest bank by assets and market share, posted Thursday a 21% rise in third-quarter net profit from a year earlier as the result ...

  10. "Life would go on" without IMF deal, Hungary says

    Hungary appeared to cast doubt on Monday on prospects for an International Monetary Fund/European Union funding pact, with Budapest's negotiator saying "life would g...

  11. Hungary Optimistic on Aid Deal With IMF, EU

    Hungarian officials should be able to reach an agreement with the International Monetary Fund and European Union on an aid deal, the country's foreign minister said ...

  12. Austrian Central Bank: Write-Downs Dampens Austrian Bank Profits

    The profits at Austrian banks have taken a large hit as banks have adjusted downward the worth of their foreign subsidiaries, the Austrian central bank said Wednesda...

  1. New Turbulence Drives Down Currencies, Bonds

    Fresh waves of turbulence engulfed emerging markets on Friday, with a renewed slide in the Russian rouble and a sharp rise in bond yields across the board despite po...

  2. Analysis: Central Europe sheltered from emerging markets sell-off

    The currencies of emerging European countries such as Poland and Hungary have dodged the giant selloffs hitting other emerging markets, and their links to a steadily...

  3. OECD cuts Russia, CEE growth outlook but sees pick-up coming

    The OECD further cut its growth outlook for most of central and eastern Europe and Russia on Wednesday but said a moderate turnaround in the economies was on the way...

  4. MOL Profit Plunges in First Quarter on Syrian Output Halt

    Hungarian energy group MOL Nyrt. (MOL.BU) net profit fell sharply in the first quarter on a halt in Syrian output and low demand for fuel amid slow economic growth, ...

  5. EBRD Cuts 2013 Growth Forecasts Russia, East Europe

    The European Bank for Reconstruction and Development Friday slashed its growth forecast for Russia on a weak outlook for commodity exports, and said radical steps we...

  6. BlackRock's Trigo Paz Favors Emerging Vs. Yen, Sterling, Euro

    Those betting on emerging-market currencies to gain should wager against the euro, yen and sterling, said Sergio Trigo Paz, head of BlackRock's emerging markets fixe...

  7. BlackRock's Trigo Paz Favors Emerging Currencies Against Yen, Sterling, Euro

    Those betting on emerging-market currencies to gain should wager against the euro, yen and sterling, said Sergio Trigo Paz, head of BlackRock's emerging markets fixe...

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