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

Eskom Rebuffs Calls To Stop Electricity-Tariff Hike, Returns To Stage 3 & 4 Power Rationing

SOUTH AFRICA
  • Eskom CFO Calib Cassin described calls to halt the 18.65% electricity-tariff increase "myopic," arguing that a failure to implement the measure would cause serious damage to the economy. The magnitude of the tariff hike approved by South Africa's energy regulator NERSA has sparked controversy, despite being smaller than requested by the cash-strapped utility. On Sunday, Eskom said that it will alternate between Stage 3 and 4 load-shedding this week until further notice.
  • Western diplomats have raised concerns over South Africa's planned joint military exercises with Russia and China, the Daily Maverick reported. The eight-day long naval drill is scheduled to kick off this Friday, with Russia expected to send a frigate armed with Zirkon hypersonic missiles. The Western diplomats told the Daily Maverick that they are worried about the message sent by holding military exercises with Russia on the anniversary of its full-scale invasion of Ukraine.
  • The local economic docket is light today, with January CPI data & December retail sales coming up Wednesday.
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.