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Moody's raises Hungary's rating by a notch to 'Baa2' on strong growth rebound

Sept 24 (Reuters) - Ratings agency Moody's on Friday raised Hungary's sovereign credit rating to 'Baa2' from 'Baa3', saying its economic resilience is underpinned by the strong growth rebound throughout the first half of 2021. "The projected strong growth rebound and medium-term outlook over the coming years will support fiscal consolidation and re

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U.S. Republican senators slam release of Huawei's Meng

WASHINGTON, Sept 25 (Reuters) - U.S. Senator Marco Rubio said on Saturday the release of Huawei's finance chief raised serious questions about President Joe Biden's ability to confront the threat posed by the technology giant and the Chinese Communist Party. Rubio, in a text message to Reuters, called on the Biden Administration to brief Congress u
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Long queues and fuel rationing as Britain faces truck driver shortage

By Michael Holden LONDON, Sept 25 (Reuters) - Lengthy queues of vehicles snaked their way to gas stations in Britain on Saturday where an acute shortage of truck drivers has led to fuel rationing and some pumps running dry, and prompted the government to consider issuing temporary work visas. Across the country, motorists waited in long lines to fi
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China welcomes Huawei executive home, Trudeau hugs Canadians freed by Beijing

By David Kirton and David Stanway SHENZHEN, China/TORONTO, Sept 25 (Reuters) - Huawei Chief Financial Officer Meng Wanzhou arrived in China on Saturday, ending her near three-year U.S. extradition fight, the same day two Canadians detained by Beijing for more than 1,000 days returned home, potentially paving the way for improved ties between China

China pledges to limit emissions of coolant that swells greenhouse gases

SHANGHAI, Sept 25 (Reuters) - China will take action to control emissions of HFC-23, a potent greenhouse gas created during the production of refrigerants, the environment ministry said on Saturday. Beijing is facing pressure to phase out HFC-23 in its obligations under the Kigali Amendment of the Montreal Protocol on ozone-depleting substances, wh

Chinese coal firms meet to address winter supply challenges

SHANGHAI, Sept 25 (Reuters) - Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country's winter consumption peak approaches, an industry association said. The China Coal Transportation and Distribution Association said in a notice late on Friday that the state-owned China Energy Investment Corp met wit

Moody's upgrades Hungary's rating on strong rebound in boon for Orban

By Krisztina Than BUDAPEST, Sept 25 (Reuters) - Ratings agency Moody's late on Friday raised Hungary's sovereign credit rating to 'Baa2' from 'Baa3' on the economy's strong rebound from the pandemic, which comes as a boon to Prime Minister Viktor Orban amid a campaign for early 2022 elections. Orban, the country's longest-serving leader since Commu

Britain expected to ease visa rules as truck driver shortage bites

By Michael Holden LONDON, Sept 25 (Reuters) - Britain is expected to announce plans to issue temporary visas to truck drivers to alleviate an acute labour shortage that has led to fuel rationing at some filling stations and warnings from retailers Link of significant disruption in the run-up to Christmas. As queues started forming outside filling s

Quad nations to focus on clean-energy supply chain, says Australia PM

Sept 25 (Reuters) - The United States, Japan, India and Australia will work to improve the security of supply chains for critical technologies such as clean energy and to ease a global semiconductor shortage, said Australia's Prime Minister Scott Morrison. The Quad nations, in their first in-person summit Link on Friday in Washington, agreed on a p

Hungary faces positive ratings path ahead after Moody's upgrade -cbank

BUDAPEST, Sept 25 (Reuters) - Hungary's central bank said on Saturday that it expected a "positive credit rating path" ahead for its economy after Moody's late on Friday raised Hungary's sovereign credit rating to 'Baa2' from 'Baa3' on a strong economic recovery. The National Bank of Hungary (NBH), which has raised its main base rate four times in

Chinese coal firms meet to address winter supply challenges

SHANGHAI, Sept 25 (Reuters) - Major Chinese coal producers have met to figure out how to resolve supply shortages and curb price rises as the country's winter consumption peak approaches, an industry association said in a notice. The China Coal Transportation and Distribution Association said late on Friday that the state-owned China Energy Investm

China issues $54 bln in green bonds from Jan-Aug, up 152% on year

SHANGHAI, Sept 25 (Reuters) - China issued 350 billion yuan ($54.13 billion) in green bonds in the first eight months of the year, up 152% compared to a year earlier and already surpassing the total amount for 2020, a senior central bank official told a forum on Saturday. Chen Yulu, Vice Governor of the People's Bank of China, said more than half o

Sam strengthens into Category 2 Hurricane - U.S. NHC

Sept 24 (Reuters) - Sam intensified into a Category 2 Hurricane on Friday, the National Hurricane Center (NHC) said, adding that it is forecast to become a major hurricane on Saturday. Sam is located about 1,215 miles (1,950 km) east-southeast of the northern Leeward Islands, packing maximum sustained winds of 100 miles per hour (155 km/h), the Mia

Moody's raises Hungary's rating by a notch to 'Baa2' on strong growth rebound

Sept 24 (Reuters) - Ratings agency Moody's on Friday raised Hungary's sovereign credit rating to 'Baa2' from 'Baa3', saying its economic resilience is underpinned by the strong growth rebound throughout the first half of 2021. "The projected strong growth rebound and medium-term outlook over the coming years will support fiscal consolidation and re

Dow, S&P 500 end with gains up after bumpy week, but Nike drags

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Facebook, Tesla lift big gainers on S&P, Dow * Nike falls after cutting full-year sales estimate * Crypto firms fall as China's crackdown deepens * Indexes: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq down 0.03% By Caroline Valetkevitch NEW YORK
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S&P 500 edges up, European shares slump amid Evergrande fears, US yields rise

(Updates with close of U.S. markets) * MSCI world share index down after 3 days of gains * U.S. Treasury yields hit highest in nearly three months * Nike shares drop after lower sales forecast * Oil prices rise, Brent up to near three-year high By Lewis Krauskopf and Tommy Wilkes NEW YORK/LONDON, Sept 24 (Reuters) - Wall Street's S&P 500 posted a s
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Wall St Week Ahead-Fed's coming taper fans talk of renewed 'reflation' trade

By David Randall NEW YORK, Sept 24 (Reuters) - The Federal Reserve’s signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021. T
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S&P pushes Ethiopia's ratings into junk territory on delayed debt restructuring

Sept 24 (Reuters) - Ratings agency S&P Global cut Ethiopia's sovereign rating to 'CCC+' from 'B-' on Friday, citing heightened political instability and delays to debt restructuring. War broke out 10 months ago between Ethiopia's federal troops and forces loyal to the Tigray People's Liberation Front, which controls Tigray, and spread into the neig

Speculators raise net long U.S. dollar bets in latest week -CFTC, Reuters data

Sept 24 (Reuters) - Speculators increased their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position rose to $14.28 billion in the week ended Sept. 21, compared with a net long of $9.99 billion the prev
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Dollar climbs as Evergrande uncertainty percolates

By Chuck Mikolajczak NEW YORK, Sept 24 (Reuters) - The dollar rose on Friday and was poised for its third straight week of gains against a basket of major currencies, as uncertainty over beleaguered Chinese property developer Evergrande helped the greenback bounce back from a sharp decline in the prior session. China Evergrande Group 3333.HK owes $
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S&P 500 ends slightly up after bumpy week, but Nike drags

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Nike falls after cutting full-year sales estimate * Facebook, Tesla biggest gainers on S&P500 * Crypto firms fall as China's crackdown deepens (Updates to close) By Caroline Valetkevitch NEW YORK, Sept 24 (Reuters) - The S&P 500 ended sli
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