Eastern Europe News
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Hungary’s central bank has room to lower the European Union’s highest benchmark rate as the country’s risk assessment improves and the inflation target remains within reach on the policy horizon, central bankers Andrea Bartfai-Mager, Ferenc Gerhardt and Gyorgy Kocziszky said.
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In most places, calling someone a pig is an insult. In Spain, the joke goes, it’s a way of saying you love every inch of them. These days, “Chicken” would be more appropriate for amorous Spaniards.
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Emerging-market stocks fell for the first time in five days, led by Brazilian utilities, as the government provided less compensation for power rate cuts than analysts predicted. Hyundai Motor Co. sank after promising to remunerate U.S. customers for overstating fuel efficiency.
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President Barack Obama beseeched core supporters and wayward backers to go to the polls, while Republican challenger Mitt Romney reached for an upset victory powered by anti-incumbent fervor on the final full day of a race that polls suggest has tilted slightly in the president’s favor.
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