Reuters ahead with news of Hungary IMF talks

Reuters scored a major win with the collapse of Hungary’s talks with the EU and IMF on Saturday, July 17, beating all-comers with the news, most notably Bloomberg by 35 minutes. The forint dived when markets reopened on Monday, further prompted by Reuters alerts — 20/30 seconds ahead of the opposition this time — on the economy minister who said there would be no more austerity measures and the government would be pressing ahead with a bank tax; a direct snub of IMF wishes. Reuters had already cued up clients for the likely reaction with a strong Sunday analysis predicting severe market ructions.