MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

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ONGC Set to Remain Part of Sakhalin- 1

OIL

India’s ONGC intends to keep its stake in the Russian Sakhalin-1 oil and gas project according to the Times of India newspaper.

  • "ONGC Videsh will protect its share in the project, which means it will take a stake in the new entity," the newspaper said.
  • ONGC Videsh will consider acquisition of an extra share in the project if it has the commercial sense, the sources added.
  • The Indian company held a 20% stake in the project before the ownership status of the project was changed under a decree by Putin.
Energy BulletsCommodities
Energy BulletsCommodities

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