MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: SPAIN JUL FLASH HICP -0.7% M/M, +2.9% Y/Y

MNI: SPAIN Q2 FLASH GDP +0.8% Q/Q, +2.9% Y/Y

MNI: SWISS KOF JUL ECONOMIC BAROMETER 101

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

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Ecuador Hope to Double Production With Investment

OIL

Ecuador's state oil company, Petroecuador announced two separate bidding processes for investment in oil fields to boost production.

  • Ecuador President Guillermo Lasso hopes to double Ecuador's crude production from 495kbpd with strong private investment.
  • The first tender will be for the 70kbpd Sacha field. Petroecuador did not disclose the amount of investment required.
  • The second tender will seek financing to increase the output of 22 smaller oil fields.
  • A protest by indigenous groups against government in June has affected recent crude oil production with June down to approximately 380kbpd.
Energy BulletsCommodities
Energy BulletsCommodities

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