BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Ceyhan Crude Flows Halted Following Deadly Earthquake

TURKEY
  • Turkey has halted crude-oil flows to its Ceyhan export terminal on the Mediterranean coast as a precaution following an earthquake, Bloomberg report. State pipeline operator Botas made the decision this morning after an earthquake killed hundreds of people in Turkey and Syria and damaged infrastructure. There were no leaks detected on the pipelines feeding the port, the official said, which is a vital hub for oil sales, exporting over 1 million barrels a day in January.
  • Early Monday morning, a 7.7 magnitude earthquake struck the city of Gaziantep - one of the most powerful earthquakes to hit the region in decades. Reports of hundreds of fatalities as well as infrastructure damage have been widespread.
  • Short selling has been suspended indefinitely as of Monday following the earthquake, Borsa Istanbul said in exchange filing.
  • In its monthly price developments report, Turkey’s central bank highlighted the significant increase in services prices last month, with restaurants and hotels impacted the most by the increase in minimum wage and increases in food prices.
  • President Erdogan will chair a cabinet meeting in Anakra at 1200 GMT/1500 local time, there are no major economic releases on the docket today.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.