Business
Wednesday 11:24, March 10th, 2010
Hungary's National Infrastructure Development Company (NIF) has issued a tender for construction of roads necessary to reach a planned MotoGP motorcycle track in the village of Sávoly near Lake Balaton, the latest issue of the Public Procurement Gazette reveals.
Economy
14:12, Mar 10 | Hungary's economy could start growing in the second half of 2010, but it is likely to stagnate for the full year, analysts told MTI on Wednesday, after the Central Statistical Office (KSH) published a second reading of Q4 GDP data.
Economy
13:27, Mar 10 | The outlook of Hungary's biggest companies worsened slightly in February, while that of SMEs continued to improved, the latest measure of confidence by economic research institute Ecostat shows.
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Business
14:58, Mar 10 | The parent of China's Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
Economy
12:28, Mar 10 | US economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
Money & Investment
10:07, Mar 10 | Hungary's MKB Bank has raised its direct stake in MKB Romexterra Bank, its Romanian unit from 82.47% to 87.77%, MKB announced on the website of the Budapest Stock Exchange on Tuesday.
Business
09:14, Mar 10 | Anheuser-Busch InBev, the world's largest brewer, is likely to buy the 50% it does not own of Mexican brewer Grupo Modelo this year for around $10.8 billion, said broker Evolution Securities.
Business
08:37, Mar 10 | Six companies are expected to make binding offers for storied Hollywood studio Metro-Goldwyn-Mayer by a newly set March 19 deadline, a source familiar with the situation said on Tuesday.
Business
08:00, Mar 10 | British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.
Business
17:41, Mar 9 | Sex.com, often touted as one of the most valuable Internet domain names, is due to head to the auction block next week.
Economy
16:54, Mar 9 | China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the US Treasury market but said it would be wary of substantially boosting its gold holdings.
Business
16:52, Mar 9 | Burger King Holdings Inc forecast US and Canada total revenue and restaurant margins in the third quarter would be below prior-year levels as adverse weather in the central and eastern United States kept diners away.
Economy
16:02, Mar 9 | German Chancellor Angela Merkel said a possible new fund to support euro zone countries that run into financial problems would not weaken European Union rules on budget discipline.
Economy
15:59, Mar 9 | European Union finance ministers will agree next week to phase out aid measures for banks, industries and the labor market that were introduced to fight the economic crisis, a draft statement showed.
Business
14:43, Mar 9 | The Hungarian Investment and Trade Development Agency (ITD Hungary) and the Bács-Kiskun County Trade and Industry Chamber held a forum for potential Hungarian facility management partners for German car maker Daimler's plant in Kecskemét, ITD Hungary said.
Business
14:41, Mar 9 | Deutsche Post DHL said a global economic recovery and cost cuts will help it boost its core profit this year and in 2011.
Economy
13:53, Mar 9 | The federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirates' finance minister said.
Business
13:50, Mar 9 | German luxury carmaker Audi contributed the bulk of earnings and cash in 2009 to parent Volkswagen and expects better results this year as it launches a dozen new models, including the A1 subcompact.
Energy
12:47, Mar 9 | Oil and gas explorer Leni Gas and Oil has decided to divest its Hungarian assets, the energy website oilvoice.com reported.
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Real Estate
12:46, Mar 9 | Hungarian construction company Nemzetközi Vegyépszer has won a tender to build infrastructure and public facilities in Libya worth about €300 million, the company said.
Business
11:42, Mar 9 | The United States would not have any standing to bring a case against Chinese Internet restrictions to the World Trade Organisation, a Chinese adviser on WTO strategy said in an opinion piece.
Economy
11:40, Mar 9 | Britain's sovereign credit profile has deteriorated but the country was still within tolerance of a triple-A rating, Fitch Ratings said.