MNI China Daily Summary: Monday, April 15

MNI: China CFETS Yuan Index Up 0.22% In Week of Apr 12

MNI: PBOC Sets Yuan Parity Higher At 7.0979 Mon; -4.90% Y/Y

MNI China Press Digest April 15: A-Shares, Exports, Property

MNI: PBOC Conducts CNY100 Bln MLF Mon; Rates Unchanged

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

MNI: EUROZONE FEB IP +0.8% M/M, -6.4% Y/Y

IP M/M Improvement Broadbased Although Y/Y Remains Weak

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Mexico City To Shut Down Temporary Covid Hospitals

MEXICO
  • A wave of accounting revisions is hitting two of Mexico's largest nonbank payroll lenders and the international bond investors who lent them billions of dollars in recent years.
    • Privately held AlphaCredit Capital SA de CV and publicly listed Credito Real SAB de CV disclosed unexpected losses in recent weeks, and AlphaCredit also said financial statements from 2018 to 2020 could no longer be relied upon. Credito Real incorporated a relatively large loan it had made to a small business into its past-due loan book. (Dow Jones)
  • Mexico City is considering shutting down temporary Covid-19 hospitals as cases continue to decline in the country's capital, Mayor Claudia Sheinbaum said on Friday.
    • Covid-19 hospitals at a Citibanamex event centre and another one installed at a racing track are among the facilities that may be closed in coming days due to low numbers of new, critical cases.
  • Mexico City and the neighbouring Mexico State will begin their water rationing program Sunday, El Universal newspaper reported.
    • Severe drought has brought water levels at main dams to about 40% capacity.
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