Bloomberg Hungary’s central bank left its monetary policy setup unchanged, ignoring a depreciation in the forint and a surge in core inflation in one of the European Union’s fastest-growing economies. The central bank, which has pledged to make substantial adjustments only on a quarterly basis, left the overnight deposit rate at -0.05%, matching economists’ predictions. It also left the parametres …

Bloomberg One of the largest Encana Corp shareholders says the oil and natural gas producer’s plan to move to the US is “highly discriminatory” against Canadian investors. Letko, Brosseau & Associates Inc, which has a stake of about 4%, will vote against Encana’s plan to relocate to the US, the investor said in a statement. The Montreal-based firm says the …

Bloomberg California intensified its battle against fossil fuels by seeking independent reviews of all pending hydraulic fracturing permits and halting approvals of a key production technique in an area that has pumped crude for more than a century. Governor Gavin Newsom ordered regulators to assess the safety of high-pressure steamflooding, a production process that has been linked to recent oil …