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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Pakistan Targets Russian Oil Imports
Pakistan is working on a deal to import discounted Russian oil according to local news reports.
- It is aiming to pay around $50/bbl according to the media reports which would keep sales below the G7 price cap.
- Pakistan is searching for cheap energy supplies because of its debt issues, weak domestic currency and limited foreign exchange reserves which have prevented it from competing for energy imports over the last year.
- The first consignment of crude from Russia to Pakistan is expected to arrive in the next month – paving the way for a bigger deal in the future.
- The cargo is being viewed as a test to trial shipping and insurance options.
- Since Pakistan is facing a US dollar liquidity crunch, it would pay Russia in the currencies of friendly countries that include China, Saudi Arabia, and UAE according to local news reports.
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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.