MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI: BELGIUM JUL BNB BUSINESS SURVEY -12.3

MNI: US Q2 GDP +2.8%

MNI: US JOBLESS CLAIMS -10K TO 235K IN JUL 20 WK

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

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Pemex Selected To Operate Major Oilfield

MEXICO
  • Mexico's Pemex has been selected to operate the Zama offshore oilfield, according to a ministerial letter and three sources close to the matter, giving the state company control over one of the country's most promising oil projects. (NP)
    • The resolution ends a long-standing conflict between Pemex, as the state company is known, and the Houston-based producer, Talos Energy Inc., over the field, which contains as many as one billion barrels of oil equivalent.
    • It was the first major oil discovery by foreign companies after reforms spearheaded by Mexico's previous administration opened up the country's energy sector to foreign and private producers, which Lopez Obrador has battled to roll back.
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