Hungary in the news
Hungary bonds 'junk' with all three rating agencieson Jan 07, 2012 via YahooNews (BUDAPEST ) - Fitch ratings agency piled further pressure on Hungary's embattled Prime Minister Viktor Orban Friday as it joined Moody's and Standard & Poor's in downgrading the EU member's debt to "junk" status.See details
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Hungary PM Moves To Alleviate Market Concernson Jan 06, 2012 via YahooNews Hungary PM Moves To Alleviate Market ConcernsSee details
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IPC Conference on Electronics Assembly in Budapest Offers Critical Information for Eastern ...on Jan 06, 2012 via YahooNews To support rapid growth in Eastern Europe's electronics assembly industry, IPC will hold second annual IPC Conference on Electronics Assembly: Soldering, Assembly and Inspection in Budapest, Hungary, on March 20-22, 2012. Three-day event includes workshops, 2-day technical conference, and tabletop exhibition, providing opportunities for participants to network with industry experts and gain ...See details
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Fitch downgrades Hungary's credit rating to junk amid standoff over international bailouton Jan 06, 2012 via YahooNews BUDAPEST, Hungary (AP) ? Fitch Ratings downgraded Hungary's credit grade to junk status on Friday, citing a standoff between the country and the European Union and the International Monetary Fund over rescue loans.See details
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Hungary downgraded to "junk" as PM says wants dealon Jan 06, 2012 via YahooNews BUDAPEST (Reuters) - A rating downgrade on Friday left Hungary's debt rated "junk" across the board, underscoring investors' doubts about the government's willingness to change its controversial policies in return for aid to stave off a financial crisis. Fitch Ratings said it was downgrading Hungarian sovereign debt by one notch to BB+ with a negative outlook, putting the country's bonds in the ...See details
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Hungary's currency at new low on lack of IMF dealon Jan 06, 2012 via YahooNews Hungary's currency at new low on lack of IMF deal Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 05:36?a.m., Wednesday, January 4, 2012 Investors are increasingly skeptical about the sustainability of the government's economic policy, which has drawn on "unorthodox" methods to ensure that ...See details
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Hungary scraps bond swap as currency slumpson Jan 06, 2012 via YahooNews Hungary scraps bond swap as currency slumps Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 06:01?a.m., Wednesday, January 4, 2012 Investors have been spooked by the Hungarian government's "unorthodox" economic policies and uncertainty over a new deal for financial aid from the ...See details
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Defiant Orban leaves Hungary central bank law intacton Jan 06, 2012 via YahooNews (BUDAPEST ) - Hungarian Prime Minister Viktor Orban said Friday Hungary would not change its contested central bank law, despite European and IMF pressure and the forint hitting record lows this week.See details
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Forint Bonds Gain First Time This Year as Hungary Seeks IMF Dealon Jan 06, 2012 via YahooNews Hungary?s 10-year bonds rallied for the first time this year after the government said it seeks a deal as soon as possible to obtain aid from the International Monetary Fund and European Union.See details
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Hungary pushes for aid, EU stands by delay amid reform showdownon Jan 06, 2012 via YahooNews Budapest/Brussels (dpa) - Cash-strapped Hungary vowed Thursday to continue pushing for outside financial help, even as European officials ruled out any talks on fresh aid until the independence of Hungary?s central bank is ensured."Financial stability is not just about asking money from the European Union or the International Monetary Fund (IMF)," European Commission spokesman Olivier Bailly ...See details
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Stricken Hungary wants quick IMF dealon Jan 05, 2012 via YahooNews BUDAPEST : The Hungarian minister handling stalled bailout talks with the IMF said Thursday he wanted a deal "as soon as possible", as Hungary 's currency touched a new record low and borrowing costs soared.See details
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Analysis: Investors ponder Hungary default risk, contagionon Jan 05, 2012 via YahooNews LONDON (Reuters) - A selloff in Hungarian financial markets is forcing investors to weigh the possibility of a default in the European Union state and the risk of contagion to other regional economies. The rising cost of insuring government and bank debt in neighboring euro zone member Austria because of exposure to Hungary is a case in point. Hungary needs to find around $16.5 billion this year ...See details
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Hungary defends central bank lawon Jan 05, 2012 via YahooNews (BUDAPEST ) - Hungary's economy minister Thursday defended the crisis-hit country's contested new central bank law as "fully compatible" with European Union law, in a letter to European Central Bank head Mario Draghi.See details
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Stricken Hungary wants quick IMF dealon Jan 05, 2012 via YahooNews (BUDAPEST ) - The Hungarian minister tasked with handling bailout talks with the IMF said Thursday he wanted a deal "as soon as possible", as Hungary's currency touched a new record low.See details
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Hungary open to discuss standby deal with IMFon Jan 05, 2012 via YahooNews (01-05) 05:08 PST BUDAPEST, Hungary (AP) -- Hungary's top financial negotiator said his nation is open to working out a standby loan with the International Monetary Fund but insisted Thursday that Hungary was still able...See details
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Hungary vows fast IMF/EU deal, markets want proofon Jan 05, 2012 via YahooNews BUDAPEST (Reuters) - Hungary pledged on Thursday to seek a quick deal with international lenders to shore up financial markets which are plunging in a deepening crisis due to the government's widely criticised policy course. Budapest faces tough negotiations over a new funding deal with the International Monetary Fund and EU, who have made it clear Prime Minister Viktor Orban needs to change his ...See details
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Hungary faces crisis as traders fear bond debt defaulton Jan 05, 2012 via YahooNews Hungary was forced to cancel a bond swap auction amid an escalating financial and political crisis that investors fear could trigger another dangerous shockwave in Europe.See details
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Analysis - Investors ponder Hungary default risk, contagionon Jan 05, 2012 via YahooNews LONDON (Reuters) - A selloff in Hungarian financial markets is forcing investors to weigh the possibility of a default in the European Union state and the risk of contagion to other regional economies. The rising cost of insuring government and bank debt in neighbouring euro zone member Austria because of exposure to Hungary is a case in point. Hungary needs to find around $16.5 billion (10. ...See details
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Germany chides Hungary over fundamental rightson Jan 05, 2012 via YahooNews Berlin (dpa) - Germany chided Hungary on Wednesday over changes to its constitution by a right-of-centre government, saying it expected Budapest to respect fundamental European rights and values.Deputy government spokesman Georg Streiter said any use of the governing parties? two-thirds majority required "great moderation and great sensitivity."On Sunday, the Hungarian parliament gave a green ...See details
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Hungary scraps bond swap as currency slumpson Jan 05, 2012 via YahooNews Hungary's debt management agency says it has scrapped a bond swap that was intended to extend the maturity of the country's debts because of the recent spike in its borrowing costs.See details
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Sources : YahooNews
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