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Hungary for clarity on Russian sanctions

  AP The EU’s decision on whether to extend economic sanctions against Russia for its actions in Ukraine should be transparent and discussed openly, Hungary’s foreign minister said on Wednesday. Foreign Minister Peter Szijjarto said after meeting Russian counterpart Sergey Lavrov that Hungary will not accept an “automatic” decision regarding the sanctions currently in place until the end of July. ...

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London’s City finance centre braces for possible Brexit

  London/ AFP With one month to go before Britain’s vital in-out EU referendum, London’s City finance district is busily planning ahead for a potential “Brexit”. Big City firms, many of which are housed in skyscrapers that dominate the London skyline, are seeking to protect themselves from market volatility should Britons vote “Leave”, experts say. Major players like HSBC and ...

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China plans to ask US on timing of Fed interest rate hike in June

  Bloomberg Chinese officials plan to ask their American counterparts in annual talks next month about the chance of a Federal Reserve interest-rate increase in June, according to people familiar with the matter. The Chinese delegation will try to deduce whether a June or a July rate rise is more likely, as their nation’s policy makers prepare for the potential ...

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