MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1285 Thurs; -1.29% Y/Y

CHINA PBOC CONDUCTS CNY49 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1285 THU VS 7.1318

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

Australia Jun Unemployment Rate 4.0%

Japan Jun Exports +5.4% Y/Y; Imports +3.2% Y/Y

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

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Energy Crisis Dominates Congress Discussions

BRAZIL
  • Brazil will not institute energy rationing as a drought threatens to disrupt hydroelectric power plants, the leader of Brazil's lower house of Congress said on Tuesday, reversing his earlier remark that rationing would be necessary. (NP)
    • Lower house Speaker Arthur Lira said on Twitter that he had spoken with the Mines and Energy Minister Bento Albuquerque, who clarified that the government is not considering any energy rationing.
    • "A voluntary incentive for consumers to efficiently use energy will be enacted," Lira said.
  • Brazil's state-run oil company Petrobras is working with the national electricity regulator Aneel on ways to help relieve a looming energy crisis, as a drought in the country threatens imminent disruptions at hydroelectric power plants.
    • Petrobras Chief Executive Joaquim Silva e Luna and Aneel chief Andre Pepitone told Reuters they had met in Brasilia on Tuesday to discuss the possibility of the oil firm increasing the supply of natural gas to help boost the power generated by thermoelectric plants. (National post)
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