MNI BRIEF: China Must Unblock Domestic Circulation - Wang

MNI China Daily Summary: Monday, July 8

MNI BRIEF: BOJ: Wage Hikes At Smaller Firms Spreading

MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

Broad-Based Trade Activity Declines Notwithstanding Higher Surplus

MNI BRIEF: Japan June Sentiment Index, Outlook Index Both Rise

MNI: GERMANY MAY EXPORTS -3.6% M/M; IMPORTS -6.6% 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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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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