The forint strengthened to its highest level in three weeks as German industrial production rose for a second month and an unexpected acceleration in China’s external trade growth boosted riskier, emerging-market assets.
Ronald S. Lauder, the newly re-elected president of the World Jewish Congress, apologized to Hungarian Prime Minister Viktor Orban days after saying he failed to draw a “clear line” between his government and the radical nationalist Jobbik party.
Jewish leaders from around the world called on Hungarian Prime Minister Viktor Orban to do more to stem rising anti-Semitism in the country as the premier urged “zero tolerance” for nationalist hatred.
Erste Group Bank AG, eastern Europe’s third-biggest bank, reported first-quarter profit that missed analyst estimates as weak credit demand and low rates contributed to a decline in interest income. The shares fell.
PKO Bank Polski SA, Poland’s biggest bank, will expand its stock research to cover companies outside its home market as foreign competitors are scaling down operations in central Europe’s largest economy.