MNI China Daily Summary: Wednesday, February 19

MNI BRIEF: China Jan Utilised FDI Lower Than Last Year

MNI BRIEF: China Unveils Plan To Attract Foreign Investors

MNI BRIEF: China To Ensure Credit Supply For Private Companies

MNI BRIEF: China Bond Connect Holdings Down In January

MNI: China Tier-one Housing Markets Likely To Stabilise

MNI: US MBA: MARKET COMPOSITE -6.6% SA THRU FEB 14 WK

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI: UK JAN CPI -0.1% M/M, +3% Y/Y

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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CHILE: Court Annuls Decision To Block Dominga Project, Orders New Vote

CHILE
BulletEM BulletEmerging Market News
  • In a ruling yesterday, an environmental court annulled a ministerial committee decision last month to reject the $3bn Dominga iron ore and copper project, and ordered the committee to hold another vote on whether it should proceed. The decision to block the project was annulled on the grounds that it had failed to comply with a previous resolution and was made outside the allotted period. The long-delayed project would include a daily mineral capacity of 95,000 metric tons, a desalination plant and port terminal, employing 1,450 people.
  • No macro data are due today, but BCCh board member Alberto Naudon is speaking at a workshop about data science in central banking.
  • The Chilean peso is trading on the backfoot in early trade Tuesday, amid a further pullback in copper prices, with USDCLP 0.4% higher at 952. Despite today’s gains, USDCLP remains in a technical bear cycle amid a more hawkish central bank and the relatively less attractive profile as the regional funder. Initial firm resistance remains well above here at 976.24, the 50-day EMA.
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  • In a ruling yesterday, an environmental court annulled a ministerial committee decision last month to reject the $3bn Dominga iron ore and copper project, and ordered the committee to hold another vote on whether it should proceed. The decision to block the project was annulled on the grounds that it had failed to comply with a previous resolution and was made outside the allotted period. The long-delayed project would include a daily mineral capacity of 95,000 metric tons, a desalination plant and port terminal, employing 1,450 people.
  • No macro data are due today, but BCCh board member Alberto Naudon is speaking at a workshop about data science in central banking.
  • The Chilean peso is trading on the backfoot in early trade Tuesday, amid a further pullback in copper prices, with USDCLP 0.4% higher at 952. Despite today’s gains, USDCLP remains in a technical bear cycle amid a more hawkish central bank and the relatively less attractive profile as the regional funder. Initial firm resistance remains well above here at 976.24, the 50-day EMA.