MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Stock Trading Planned to Resume Tomorrow

TURKEY
  • The government is rolling out measures to try and boost Turkish equities when trading resumes, including offering tax waivers on share buybacks, Bloomberg report according to officials familiar with the matter. Turkey will temporarily revoke the so-called withholding tax (currently 15%) that listed companies need to pay when they buy back their shares, the officials say.
  • While officials had been weighing extending the stock market closure, the plan as of Tuesday morning was not to announce an extension and allow trading to begin on Feb 15 as originally announced, the official said.
  • Turkish lenders will get waivers from rules requiring them to maintain government debt on their balance sheets for some of the loans they extended in areas hit by last week’s earthquakes, state-run Anadolu Agency reported yesterday afternoon. Furthermore, if loans of residents in quake-hit provinces are delayed or they have payments coming up within the next six months, these loans will be exempt from security maintenance and required reserve ratios.
  • Middle East Eye reported yesterday evening that the Turkey earthquakes have triggered a debate in Turkey on postponing the May general election. A source close to the government told MEE that damage to infrastructure and displacement of voters, "may necessitate holding the elections in its regular time frame in June or even beyond that. Holding the elections in May is not realistic anymore."
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