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Hungary to remove incentives for banks buying state debt

  Bloomberg Hungary’s central bank will review whether to remove incentives it has provided for commercial banks to buy government debt after yields plunged to record lows and government foreign-currency debt trail off. The National Bank of Hungary will reassess the need to continue providing interest-rate swap facilities to banks, Vice Governor Marton Nagy said in an article on Portfolio ...

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ECB doesn’t aim to weaken euro against dollar

WASHINGTON / Reuters The European Central Bank (ECB) is unhappy with the US dollar’s recent fall but accepts it as a natural consequence of the Federal Reserve’s cautious economic outlook and sees no reason to act to weaken the euro, three ECB sources said. A weaker dollar — it has shed 4 percent against the euro since the beginning of ...

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Chatbots: Future of online biz?

  Washington / AFP An artificial intelligence “chatbot” from Taco Bell now lets you order a meal in a smartphone text exchange that might look something like this: TacoBot: Hello there, I’m your TacoBot, I can help you order a meal for you or your team. You: Can I order one soft taco with beef? TacoBot: Sounds good… do you want ...

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