MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Borrell: EU Finalising "Last Details" - 12th Russia Sanctions Package

EU-RUSSIA

The EU's top diplomat, Josep Borrell, has told reporters, after a meeting of EU foreign ministers today, that EU officials are "finalising" the "last details" of the 12th package of sanctions on Russia, expected to include a ban on Russian diamonds and measures to tighten enforcement of the price cap on Russian oil.

  • Borrell said: "This twelfth package will include … new export bans, among them … diamonds, actions to tighten the oil price cap, in order to decrease the revenue that Russia is getting from selling its oil - not to us but to others - [and] fighting against circumvention."
  • Reuters notes that, "Borrell said the European Commission, the EU executive, could approve the proposed package on Wednesday. It would then go to the Council of the EU, comprising the bloc's 27 member countries, for discussion and approval."
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