MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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April Tax Collection Figures, Bolsonaro To Meet Biden At Summit

BRAZIL
  • Tax collection is expected to reach 194.5b reais in April, according to the median estimate in a Bloomberg survey, after totalling about 164.1b reais in the previous month. Economy Ministry releases numbers at 1430BST/0930ET on its website and hosts a press conference at 11am.
  • Brazil’s lower house overwhelmingly passed a bill on Wednesday that determines a cap between 17% and 18% for state-level ICMS tax on fuel, natural gas, electricity, communications and public transport as it labels them as essential goods and services.
    • Lawmakers voted against amendments that could change the text and now it moves to Senate.
    • Text requires the federal govt to compensate states that suffer a reduction greater than 5% in tax collections until Dec. 31, 2022. (BBG)
  • President Bolsonaro accepted Joe Biden’s invitation to a bilateral meeting during the Summit of the Americas, to be held in early June, local newspaper O Globo reported.
    • The two leaders will hold a bilateral meeting to re-establish their relationship, Bolsonaro told the TV network in remarks reported on its website late Wednesday.
  • Petrobras’ board determined that Caio Paes de Andrade’ nomination as CEO will be submitted to internal governance processes and will await the company’s People Committee evaluation, the company says in a securities filing.
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