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 BRIEF: China Visitor Mobile Payments Surge in H1

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

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

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

Putin Says 54 Tanks Destroyed in Rare Admission of Loss

RUSSIA
  • President Putin acknowledged that Russian forces fighting in Ukraine lack sufficient advanced weapons despite a tripling of arms output, Bloomberg report. Putin also made the rare admission of shortcomings in production in a televised meeting with local reporters and war bloggers. He said Russia had lost 54 tanks since Ukraine’s counteroffensive began last week - the first time the Kremlin has admitted losses on such a scale. Putin also added that “additional mobilisation is not required for now” and on the grain deal said “we are now thinking about how we can get out.”
  • The Deputy CEO of Russia’s VTB Bank said that "the portfolio of yuan-denominated retail savings with Russian banks will grow twofold and reach 88bln [yuan]. As a result, the Chinese currency will take a quarter in currency savings of customers and its share will be above 45% as of 2024 year-end."
  • There are no major economic releases on the docket today, with GDP data the key release of the week on Thursday (Est: -1.9% y/y). The St. Petersburg International Economic Forum begins today.
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News

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.