MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

Flash Inflation In-Line With Tracking; Services Softens But Only Slightly

MNI: EUROZONE JUL FLASH HICP +2.6% Y/Y

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

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Transnet Update: Business Groups Offer To Bridge Gap In Demands

SOUTH AFRICA
  • Africa’s biggest port for iron-ore shipments has all but ground to a halt as about 90% of employees stayed away seeking higher wages. Staff at Transnet are refusing to work unless the company agrees to its demand of a pay hike.
  • Importantly, Busa, BLSA and Durban Chamber of Business have offered to pay an additional levy to fill the gap between Transnet’s offer and what the unions are demanding, in a bid to avoid the negative economic impact of the strike.
    • The business groups’ offer also includes an additional strike-avoidance levy until an agreement is reached, as well as subsidising Transnet port terminals and having port workers declared essential workers, who are then not allowed to go on strike. (Business Live)
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