The National Bank of Greece, the country’s biggest lender, is planning to increase its share capital by as much as 2.1 billion euros ($2.9 billion) to cover a shortfall identified in the national regulator’s stress test, according to a person with knowledge of the matter.
China’s Ministry of Finance failed to sell all of the bonds offered at an auction today for the first time in 10 months amid speculation short-term interest rates will climb as corporate tax payments tie up funds.
Hungarians are voting in a general election, with Prime Minister Viktor Orban set to extend his rule after four years of rule during which his power centralization triggered clashes with the European Union.
Hungarians head to the polls today in a general election, with Prime Minister Viktor Orban leading opinion polls after four years of rule during which his power centralization triggered clashes with the European Union.
Hungarian Prime Minister Viktor Orban, whose centralization of power triggered confrontations with the European Union over the past four years, is set for an election victory that may silence critics at home and abroad.
Hungary needs a stronger forint because the current rate endangers foreign-currency borrowers, said Attila Mesterhazy, the leader of the opposition alliance preparing for the country’s April 6 general election.
Ghana’s central bank kept its benchmark interest rate unchanged, while raising the cash reserve requirement for lenders to help curb inflation and bolster the worst-performing African currency this year.