MNI BRIEF: BOJ To Adjust Easy Policy Cautiously - Nakamura

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI BRIEF: Fed's Daly Says No 'Urgency' To Lower Rates

MNI BRIEF: Powell Says US Is 'Far' From Fiscal Dominance

MNI BRIEF: US Firms Wary of Tariff-Related Inflation - Fed

MNI:AUSTRALIA OCT TRADE BALANCE A$+5953

EZ/UK Bond Supply Calendar: Spain, France Auction, UK Tender

US EIA: CRUDE OIL STOCKS EX SPR -5.07M TO 423.4M NOV 29 WK

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

RUSSIA: Russia, China Must Counter US’ Containment Policy, Shoigu Says

RUSSIA
CEEMEAEM BulletRussiaBulletGlobalEmerging Market NewsRegion
  • Countering the “dual containment” policy pursued by the US and its allies is the most important objective for Russia and China, Security Council Secretary Sergei Shoigu said according to Interfax.
  • Bloomberg report that Russia’s biggest miner, MMC Norilsk Nickel PJSC, is in advanced talks to build a large copper smelter on China’s south coast, citing people familiar with the situation. The plant would produce 500,000 tons of refined copper a year using concentrate shipped from Russia.
  • Vedomosti report that the Russian Union of Industrialists and Entrepreneurs has suggested that the central bank should target the ruble exchange rate for exporters and importers, arguing that the floating exchange rate regime has lost its relevance amid sanctions.
  • First Deputy Prime Minister Denis Manturov will attend a meeting of the Russian-Indian inter-governmental commission, according to Interfax. Meanwhile, the central bank publishes foreign trade data at 13:00GMT/16:00 local time. CPI data for October will cross the wires tomorrow afternoon and is the key release of the week.
160 words

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.
  • Countering the “dual containment” policy pursued by the US and its allies is the most important objective for Russia and China, Security Council Secretary Sergei Shoigu said according to Interfax.
  • Bloomberg report that Russia’s biggest miner, MMC Norilsk Nickel PJSC, is in advanced talks to build a large copper smelter on China’s south coast, citing people familiar with the situation. The plant would produce 500,000 tons of refined copper a year using concentrate shipped from Russia.
  • Vedomosti report that the Russian Union of Industrialists and Entrepreneurs has suggested that the central bank should target the ruble exchange rate for exporters and importers, arguing that the floating exchange rate regime has lost its relevance amid sanctions.
  • First Deputy Prime Minister Denis Manturov will attend a meeting of the Russian-Indian inter-governmental commission, according to Interfax. Meanwhile, the central bank publishes foreign trade data at 13:00GMT/16:00 local time. CPI data for October will cross the wires tomorrow afternoon and is the key release of the week.