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Morning briefing: China and Russia sign energy pacts

1. China and Russia signed agreements to boost energy cooperation on Monday. Russian President Dmitry Medvedev said the country is ready to supply all of China's natural gas needs. No dollar value was given.

2. Japan is reportedly considering a stimulus package of as much as $54.6 billion that would be funded by existing revenue. Bank of Japan Gov. Masaaki Shirakawa said that the central bank will look into the impact of the yen's rise at a policy board meeting next week. Meanwhile, Japan's export growth slowed for the sixth consecutive month in August.

3. The euro slipped against the U.S. dollar after Moody's Investors Service downgraded troubled Irish lender Anglo.

4. Hungary left its key interest rate on hold for a fifth month at a record low 5.25 percent.

By Ariana Eunjung Cha  | September 27, 2010; 9:43 AM ET
Categories:  *Morning briefing  
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