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    • BRIEF-S&P Says Slovakia Outlook Revised To Negative From Stable

      • BY Reuters|
      • Non-Eurozone , Russia |
      • 05:21 PM ET 05/20/2022

      * S&P SAYS SLOVAKIA OUTLOOK REVISED TO NEGATIVE FROM STABLE ON RISING ECONOMIC AND FISCAL RISKS; 'A+/A-1' RATINGS AFFIRMED. * S&P SAYS RUSSIA-UKRAINE CONFLICT WILL HAMPER SLOVAKIA'S ECONOMIC RECOVERY, PUSH UP INFLATION, AND TRIGGER PUBLIC SPENDING PRESSURE.

    • Slovakia scrambles to stem polluted water that turned Slana River orange

      • BY Reuters|
      • Non-Eurozone , Hungary |
      • 09:53 AM ET 05/20/2022

      Polluted water flowing from an iron ore mine in eastern Slovakia has turned the Slana River orange, killing fish and wildlife on a long stretch before it reaches Hungary in what is fast developing into an ecological disaster. Slovak authorities say they are taking steps to reduce the amount of polluted water stemming from the mine, which is state owned.

    • CEZ has made gas payment to Gazprom in euros, gives no details

      • BY Reuters|
      • Non-Eurozone , Czech Rep , Russia |
      • 09:48 AM ET 05/20/2022

      Czech utility CEZ has made its due payment for Russian gas in euros, a spokesman said on Friday, declining to provide any further details. "We have made the payment in euros, in line with recommendation of the European Commission.

    • Russia says it fulfilled obligations on Eurobond coupons in full

      • BY Reuters|
      • Non-Eurozone , Russia |
      • 09:29 AM ET 05/20/2022

      Russia has fulfilled obligations on paying coupons on two Eurobond issues in full, the finance ministry said on Friday, days before the May 26 deadline for coupon payouts. The prospect of a Russia sovereign default is in the spotlight again with a deadline for a U.S. licence allowing Moscow to make payments expiring on May 25 and $100 million in interest payments due shortly after.

    • Russia says it fulfilled obligations on Eurobond coupon payout in full

      • BY Reuters|
      • Non-Eurozone , Russia |
      • 09:00 AM ET 05/20/2022

      The Russian finance ministry on Friday said it has fulfilled obligations on paying coupons on two issues of Eurobonds in full. The ministry said it channelled $71.25 million on coupon payout for dollar-denominated Eurobonds maturing in 2026 and 26.5 million euros on papers due in 2036. The national settlement depository has received the funds the ministry channelled, it said.

    • Oil steadies as economic growth worries counter supply risks

      • BY Reuters|
      • Non-Eurozone , Russia |
      • 05:39 AM ET 05/20/2022

      Oil prices steadied on Friday, setting them on course for little change on the week, as a planned European Union ban on Russian oil balanced concerns that slowing economic growth will hurt demand.

    • CEE MARKETS-Forint underperforms other currencies as stocks recover

      • BY Reuters|
      • Non-Eurozone , Hungary |
      • 05:28 AM ET 05/20/2022

      The forint eased slightly on Friday, underperforming central European currencies, which held steady after a volatile week, with the Hungarian currency pressured by uncertainty over the pace of ...

    • EU leaders to agree to set up Ukraine reconstruction fund, vague on detail

      • BY Reuters|
      • Non-Eurozone , Russia |
      • 05:14 AM ET 05/20/2022

      European Union leaders will agree on May 30 to set up a fund for the reconstruction of Ukraine once the war with Russia ends, but will remain vague on how it would be financed, draft conclusions of the summit, seen by Reuters, showed on Friday.

    • EMERGING MARKETS-China rate cut boosts EM stocks; currencies recover as greenback eases

      • BY Reuters|
      • Non-Eurozone , Turkey , Asia-Pacific , China |
      • 05:07 AM ET 05/20/2022

      * China stocks firm on higher-than-expected borrowing rate cut. * Turkish consumer conf in May edges up from record low. * EM stocks, FX eye weekly gains of 3% and 1% respectively. By Anisha Sircar and Bansari Mayur Kamdar.

    • Russian rouble rallies past 60 vs dollar

      • BY Reuters|
      • Non-Eurozone , Russia |
      • 03:52 AM ET 05/20/2022

      The rouble extended recent gains on Friday and crossed the 60 mark against the dollar for the first time since April 2018, boosted by capital controls and domestic tax payments that usually lead to increased demand for the Russian currency.

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    News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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