MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

MNI China Daily Summary: Tuesday, July 2

Australia May Total Dwelling Approved +5.5%

Australia May Retail Trade +0.6%

MNI: AUSTRALIA MAY RETAIL SALES +0.6% M/M

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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S. Africa Wants To Amend Law On ICC Arrest Warrants, Asks US For Early AGOA Extension

SOUTH AFRICA
  • Department of International Relations and Cooperation (DIRCO) Director-General Zane Dangor announced that South Africa is looking to amend the law on arrest warrants issued by the International Criminal Court (ICC). Radio 702 reported that this will be done by domesticating Article 98 to grant immunity to visiting heads of state and other foreign officials. The move is intended to save South Africa a repeat of the embarrassing situation surrounding Russian President Vladimir Putin cancelled trip to the country for the upcoming BRICS summit.
  • In an exclusive report, BusinessDay said that South Africa has asked the US to consider an early extension to the African Growth and Opportunity Act (AGOA). The news outlet cited Trade, Industry & Competition Minister Ebrahim Patel as noting that the expedited renewal of the deal would provide more certainty and encourage additional investment on the continent. South Africa has been wary of losing the trade benefits associated with its AGOA status after a group of US lawmakers asked the White House to reconsider its membership due to its stance on the war in Ukraine.
  • Moneyweb reports that South Africa's capital investment is shrinking, referring to an analysis by Nedbank economists. The website notes that "adding up all the capital investment in fixed infrastructure – as announced by the private and public sector for the foreseeable future – shows that it has decreased by a massive 30% compared to a year ago."
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