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Hungary’s prime minister poised to pull party from EU center-right group

Bloomberg Hungarian Prime Minister Viktor Orban threatened to finalise the divorce between his Fidesz party and the European Union’s biggest political group after a long feud over democratic norms. The European People’s Party (EPP) is considering tightening rules that govern its membership, making it easier to expel parties that fall short of fundamental freedoms and values. EU leaders will likely ...

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Bukele allies on track to win landslide in Salvador

Bloomberg Allies of President Nayib Bukele were on track to win a landslide in El Salvador congressional elections, according to a partial vote count. Bukele’s Nuevas Ideas party and its allies appeared to have secured about two thirds of votes cast, according to a chart published by the electoral authority more than six hours after polls closed, with 13% of ...

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RBA doubles down in defense of yields amid bond rebound

Bloomberg The Reserve Bank of Australia (RBA) doubled down on bond purchases on Monday, spurring the biggest drop in yields in a year as policy makers around the world seek to check runaway bets on reflation. The central bank announced plans to buy more than $3 billion of longer-dated securities, following up on a surprise boost in purchases of shorter-maturity ...

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