MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

CBI Price Expectations for Three Months Ahead Lowest Since December 2020

MNI: UK JUL CBI INDUSTRIAL TRENDS TOTAL ORDERS -32

Broad-Based IFO Weakness Reinforces Narrative of Recovery Stall

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

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Australian Unions, Chevron To Meet for Talks on Wednesday

LNG

Chevrons and the unions are meeting for mediation talks on Wednesday morning with the industrial arbitrator to avoid the restart of industrial action at the Gorgon and Wheatstone LNG sites according to the Fair Work Commission.

  • The two parties are meeting with Commissioner Bernie Riordan on Wednesday 10:30AM AWST. The Commissioner last month helped to broker the in-principle agreement.
  • The Offshore Alliance announced on Monday workers at the sites will restart industrial action on 19 October after efforts to turn the in-principle agreement into a binding deal failed.
  • Chevron said on Monday it is unlikely that there is a need to restart strikes as the firm is committed to reaching an agreement and only a small number of issues are outstanding.
Energy BulletsCommodities
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