* 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.
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.
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 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.
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 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.
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 ...
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.
* 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.
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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