FHB Jelzalogbank Nyrt., a mortgage lender in Hungary, headed for its steepest slide in two weeks as a technical indicator signaled the stock is overbought amid speculation of a stake-purchase in Takarekbank Zrt.
Activists gathered with signs outside Merck’s East London offices last week, protesting the drugmaker’s involvement in a campaign to delay South Africa’s proposal to allow low-cost copies of patented drugs.
FHB Jelzalogbank Nyrt., a mortgage lender in Hungary, rose to the highest level in two weeks after its chairman bought shares amid speculation it will buy the government’s stake in an umbrella bank for savings cooperatives.
The U.S. has suspended non-lethal aid to opposition forces in northern Syria after members of a militant Islamist rebel group seized warehouses belonging to the Western-backed Supreme Military Council.
It’s fashionable to say the era of strong emerging-market growth is over. As the U.S. recovers, the global cost of capital will rise, holding back investment; against this background, avoiding the next crisis is the best that most emerging economies can do. If you take this view, India might seem a perfect example, with its widening current account deficit, heavy public borrowing, persistent inflation and weak currency.