MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

MNI: US JOBLESS CLAIMS -2K TO 220K IN MAR 08 WK

MNI: CANADIAN JAN BUILDING PERMITS -3.2% MOM

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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EM LATAM CREDIT: Brazil govt will cut some import taxes, rejects price controls

EM LATAM CREDIT
Bullet

"Brazil’s government will cut some import taxes and eschew both price controls and the use of fiscal measures as it rushes to lower food costs, a top cabinet official said Friday.

  • The administration will reduce levies on imported food that’s cheaper abroad, and the Finance Ministry will study ways to cut intermediary costs, Chief of Staff Rui Costa told reporters in Brasilia.
  • No unorthodox measure will be adopted, he said, adding that the government ruled out the use of subsidies or price fixing." - BBG
    BRAZIL 6.125% 2034, $95.74, +.03
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"Brazil’s government will cut some import taxes and eschew both price controls and the use of fiscal measures as it rushes to lower food costs, a top cabinet official said Friday.

  • The administration will reduce levies on imported food that’s cheaper abroad, and the Finance Ministry will study ways to cut intermediary costs, Chief of Staff Rui Costa told reporters in Brasilia.
  • No unorthodox measure will be adopted, he said, adding that the government ruled out the use of subsidies or price fixing." - BBG
    BRAZIL 6.125% 2034, $95.74, +.03