MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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FTC Files Antitrust Lawsuit Against Amazon

US

The Federal Trade Commission, and 17 state attorneys general, have filed a large-scale antitrust lawsuit against tech giant Amazon.

  • Washington Post reports that the suit, "seeks to bar the company from allegedly abusing its powers to raise prices for shoppers and levy high fees against businesses that sell on its platform."
  • WaPo: "The lawsuit, filed in Western Washington district court, marks a historic political test of one of the world’s most influential companies."
  • Lina Khan, chair of the FTC, said: “Today’s lawsuit seeks to hold Amazon to account for these monopolistic practices and restore the lost promise of free and fair competition."
  • The New York Times: "The lawsuit put the influence and reach of Amazon, a $1.3 trillion behemoth, squarely in the spotlight after years of mounting scrutiny."
  • Reuters reports that Amazon said in response that the result of a successful case against Amazon, "would be fewer products to choose from, higher prices, slower deliveries for consumers," arguing the lawsuit, "is wrong on the facts and the law, and we look forward to making that case in court."
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HomepagePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsCommodities Market NewsPolitical Market News

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