MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

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MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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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Shell’s Stake in Sakhalin-2 Valued at $1.5b

RUSSIA
  • Bloomberg report that Shell’s stake of 27.5% in the new operator of Sakhalin-2 project is valued at 94.8 billion rubles ($1.5 billion), according to Russian government decree published late Wednesday. Shell decided not to be part of the new Russian operator of the Sakhalin-2 project that was established by an order from President Putin. Other existing foreign shareholders decided to remain. The Russian government has four months from Sept. 5 to sell Shell’s stake.
  • Vedomosti reported yesterday that Russia in November increased exports of oil and oil products to the highest level since April - up to 8.1 million barrels per day, according to the monthly report of the International Energy Agency, published on Dec 14.
  • Data-wise, the Bank of Russia will report the weekly change in its Gold and FX reserves at 1300 GMT/1600 local time.
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