MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

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

German VC: I Hope For Russian Oil Embargo Within Days

EU-RUSSIA

Wires reporting comments from German Vice Chancellor and Economy Minister, Robert Habeck, stating that he 'hopes that the EU can agree to an oil ban on Russia within days'.

  • Earlier today, Bloomberg reported that the prospect of an embargo on Russian oil being agreed to by next week's European Council summit was receding due to objections from Hungary. Budapest has stated that revamping the Hungarian oil sector in the wake of a shift from Russian oil would cost EUR770mn.
  • This morning, in a virtual address to the World Economic Forum's annual meeting in Davos, Switzerland, Ukrainian President Volodymyr Zelensky calls for 'maximum sanctions' to be applied on Russia. Argues for a complete oil embargo, the total isolation of the Russian banking sector from the global financial system, the abandonment of Russia's IT sector, and the full suspension of all trade with Russia.
  • Zelenskyy: “All trade with the aggressor should be stopped. All foreign business should leave Russia so that your brands are not associated with war crimes. So that your offices, bills and goods are not used by war criminals in their bloody interests. Values must matter.”
  • Klaus Schwab, CEO and Founder of the WEF: “The war in Ukraine represents a turning point in history and the resulting tragedy will reshape our political and our economic landscape in the coming years,”
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesEmerging Market NewsEnergy BulletsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesEmerging Market NewsEnergy BulletsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.