MNI BRIEF: China Steel Market To Remain Subdued In August

MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

US EIA:NAT GAS STORAGE +18 BCF TO 3,249 BCF JUL 26 WK

MNI: US JUN CONSTRUCT SPENDING -0.3%

MNI: US ISM JUL MANUF PURCHASING MANAGERS INDEX 46.8

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Putin Faces Prospect of Kherson Military Defeat, Sakhalin-1 Plant Ramps Up Flows

RUSSIA
  • The Times report that President Putin is facing another humiliating defeat as Russian forces abandon their positions in the southern city of Kherson, according to western officials. Russian commanders have fled the city leaving “demoralised and leaderless” conscripts to face a Ukrainian advance. Analysts predict a Ukrainian victory by the end of the year. Officials said it would be “impossible” for Putin to maintain a military presence on the other side of the river if Kherson fell.
  • Elsewhere, oil exports from Sakhalin-1 are ramping up after Russia took control of the project in the nation’s Far East from Exxon Mobil Corp, which had pledged to exit the country following the invasion of Ukraine, Bloomberg report. Two ships recently loaded Sokol for the first time in five months, while some discounted cargoes were offered to Chinese buyers, traders say.
  • The Ministry of Finance has begun preparing a list of friendly countries to discuss the revision of agreements on the avoidance of double taxation (DTAA), Deputy Finance Minister Sazanov told Vedomosti. According to him, the ministry is preparing proposals to start negotiations with Malaysia, Turkey and the United Arab Emirates.
  • The Finance Ministry is likely to report on its FX operations this afternoon while the Bank of Russia will report its weekly changes in gold and FX reserves. President Putin will hold a meeting on investment with government officials.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.