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...Additional contributions from Grace Ramos, Gordon Smith and George Russell...
...Hungary’s central bank reduced its main policy rate by 1 percentage point last week to 17 per cent, despite headline inflation running at 24 per cent in April....
...One standout performance in the city of Buenos Aires was Javier Milei, a 51-year-old outsider who won a congressional seat with 17 per cent of the vote....
...Centuries-old national champions Barclays (€17.4bn), Deutsche Bank (€15.6bn) and Italy’s UniCredit (€17.2bn) are collectively worth less than Zoom, the $72bn (€61bn) videoconferencing company founded in...
...The yield on the three-year government bond due in 2021 steadied at 17.9 per cent, having surged to 20.1 per cent earlier on Thursday....
...Should the administration further vex investors and deter even more investment, GDP growth could fall below 1 per cent....
...The currency, which had been down as much as 1.7 per cent this morning, cut back its losses to just 0.4 per cent to 20.63 after the interest rate move....
...The preliminary result generated a strong rally, pushing the currency 1.7 per cent upwards to trade as high as 18.32 pesos and beyond the May 25 level of 18.34, its previous high of the year....
...Some forecasts are now for 1.7 per cent growth or lower, compared with average market expectations of 2.3 per cent expansion in 2017....
...With official inflation at 181 per cent and the economy shrinking 5.7 per cent in 2015, tensions continue to rise in oil-rich Venezuela....
...The African operation produced an attractive 17 per cent return on equity last year in local currency, but this fell to 8.7 per cent at group level, below its 10 per cent target....
...The peso has recently been hitting low after low, and has sunk 4.8 per cent since the start of this year and 1.7 per cent alone since March 6, Luis Videgaray, the finance minister, noted (though he was quick...
...Inflation rose 1.24 per cent during the month compared with December and 7.14 per cent compared with a year earlier, breaching the top of the central bank`s target range for annual inflation of 4.5 per cent...
...In 2001, Torres, then aged 17, made his debut for Atlético in the second division....
...Asian markets Nikkei 225 down -4.75 (-0.03%) at 17,617 Topix up +0.86 (+0.06%) at 1,410 Hang Seng up +347.53 (+1.50%) at 23,464 US markets S&P 500 up +9.42 (+0.46%) at 2,071 DJIA up +26.65 (+0.15%) at 17,805...
...The investment rate is 17.7 per cent of GDP, the lowest in four years, while the savings rate is 12.7 per cent, the lowest in at least 15 years....
...Also from the Schlumberger collection was Dubuffet’s “Cité Fantoche”, which made a high-estimate $7.4m....
...Brazil’s Bovespa stock index fell 2.5 per cent on the news and its currency, the real, depreciated 1.7 per cent against the dollar....
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