MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Prime Minister Says Government Will Not Bail Out Struggling PetroPeru

PERU
  • According to Prime Minister Otarola on Sunday, Peru’s government will not bail out struggling state-owned oil company Petroleos del Peru SA, following its request for a $2 billion rescue package. “We will not inject the requested cash for a simple reason, because we don’t have the funds to do so,” Otarola said in an interview on news channel Latina. “We think there are other priorities.”
  • The remarks will add to the financial woes of PetroPeru, which has been warning about its dwindling cash position for months. The company is mired in debt tied to the construction of a $6 billion refinery that opened late last year.
  • - “We can’t fall into the other extreme either and say that Petroperu should go bankrupt,” Otarola said, without elaborating on how the company will continue operating if it runs out of cash. - BBG
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