A move by Hungary could end up costing tourists a lot more to visit BudapestHungary is taking steps to combat overtourism in Budapest by nearly quadrupling the tax on short-term rentals and freezing new licenses for...
21 Oct, 2024, 06.37 PM IST
Taiwan, Hungary deny making Hezbollah pagersTaiwan and Hungary have denied involvement in the production of explosive pagers that killed 12 Hezbollah members in Lebanon. Taiwan's Gold...
18 Sep, 2024, 11.28 PM IST
Smartkarma Research: Which EM currency has suffered the most since Russia’s invasion of Ukraine?Moreover, the cross-correlations within the EM currency universe have increased during this period, which is indicative of a broad risk-off...
20 May, 2022, 03.55 PM IST
Suzuki's Hungarian factory suspends car exports to Russia and UkraineCentral Europe is facing the economic fallout that has followed Russia's invasion of Ukraine on Feb. 24, including from harsh Western sanct...
10 Mar, 2022, 03.02 PM IST
Finding the real hawks is key to picking emerging-market winnersRecent winners are the Mexican peso, Brazilian real and Hungary’s forint -- currencies whose central banks raised rates this month, protect...
27 Jun, 2021, 06.19 PM IST
In COVID-19 vaccine race, Hungarian village firm takes global roleBiologist Noemi Lukacs, 71, retired to Szirak, her birth village, to establish English & Scientific Consulting (SciCons) and manufacture a ...
15 Nov, 2020, 04.43 PM IST
Central banker who declared inflation dead is battling it againThe central bank, one of the planet’s most dovish, has begun to act.
24 Feb, 2020, 01.03 PM IST
China dilutes dollar role in currency basketAdditions include the South Korean won, the South African rand, the United Arab Emirates' dirham, Saudi Arabia's riyal, Hungary's forint, P...
30 Dec, 2016, 08.44 AM IST
China to launch yuan's direct trading with 7 more currenciesThe move will bring the number of foreign currencies that are allowed direct trading with the yuan to 23, state-run 'Xinhua' news agency re...
10 Dec, 2016, 02.46 PM IST
Jittery emerging-market stocks on longest slump in 24 yearsThe MSCI Emerging Markets Index slid 0.5% to 972.66 at 2:38 pm in London, taking its loss since May 22 to 6.3%.
10 Jun, 2015, 04.00 AM IST
Emerging currencies slide as stocks declineEmerging-market currencies weakened as anti-government protests escalated in Ukraine and Thailand.
20 Feb, 2014, 11.11 AM IST
- Moody’s Cuts Hungary to ‘Junk’
Hungary, which last week turned to the IMF for help, lost its investment-grade rating at Moody’s, which cited risks to budget-deficit and p...
26 Nov, 2011, 02.28 AM IST
- Global economy will avoid a double dip recession: Mark Mobius
Templeton Asset Management’s Mark Mobius said the global economy will avoid a “double dip” recession and falling stock prices have created ...
08 Jun, 2010, 01.47 AM IST
- Suzuki to lay off 1,200 people at Hungarian plant
Japanese car manufacturer Suzuki announced Friday that it would lay off 1,200 people, or almost a fifth of its workforce, at its plant in E...
28 Nov, 2008, 08.05 PM IST
- IMF approves $15.7 bn loan for Hungary
The International Monetary Fund said on Thursday it has approved a 17-month standby loan of $15.7 billion for Hungary, whose citizens are f...
07 Nov, 2008, 05.04 AM IST
- Hungary to get $25.1 billion in IMF-led aid deal
The news drove the benchmark BUX stock index to close up by a massive 14 percent and pushed the Hungarian currency the forint higher agains...
29 Oct, 2008, 11.30 PM IST
- Dollar displaces yen, franc as carry trade favourite
Using the dollar to pay for purchases of currencies with higher yields is proving to be the most profitable trade in the foreign-exchange m...
26 Nov, 2007, 02.45 PM IST