Bloomberg Hungary resumed raising the effective interest rate after the central bank said that the war in neighbouring Ukraine will lead to a sharply deteriorating inflation outlook. The 30 basis-point increase brought the one-week deposit rate to 6.15%, matching the median estimate in a Bloomberg survey. But it disappointed currency traders after policy makers spoke of the need of ...

  Bloomberg Chinese tech stocks slumped on Friday amid continued concern about the sector’s earnings and the risk of local firms being kicked off American exchanges. The Hang Seng Tech Index slid 5% in afternoon trading, the most in over a week. Delivery giant Meituan plunged 8.2% as investors had worried about the company’s growth ahead of its fourth-quarter results. ...

Bloomberg European stocks were set for their first weekly drop in three, as investors consider concerns over the surging inflation and the war in Ukraine hurting growth in the region. The Stoxx 600 Index was down less than 0.1% in London, with banks and energy sectors among the biggest decliners. Real estate and retail stocks outperformed. Last week, the European ...