• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japans Reuters Tankan Manufacturing Sentiment Index for February was 13, down from 7 in the previous month.February 18th - Google CEO Sundar Pichai announced on Tuesday that the annual Google I/O developer conference will be held from May 19th to 20th. The conference will take place at the companys headquarters in Mountain View, California, and will be streamed live on the conference website. Google is expected to announce updates to the Gemini large-scale model and other artificial intelligence products at the conference, and is expected to officially launch its smart glasses product.February 18th - A 13F filing revealed that Berkshire Hathaway reduced its holdings in Bank of America and Apple, while increasing its stake in The New York Times in the final quarter of Warren Buffetts CEO tenure. In the fourth quarter of last year, the company reduced its holdings in Bank of America by approximately 50.8 million shares and Apple by 10.3 million shares, marking the third consecutive quarter of reducing its Apple holdings. Simultaneously, the company purchased 5.1 million shares of The New York Times, whose stock price rose by approximately 2% in after-hours trading. As of September last year, American Express, Apple, Bank of America, Coca-Cola, and Chevron were Berkshire Hathaways largest holdings.February 18th - According to a 13F filing submitted by Nvidia to the U.S. Securities and Exchange Commission after the market closed on February 17th (Eastern Time), Nvidia will liquidate its holdings in Applied Digital, Arm Holdings, and WeRide in the fourth quarter of 2025, while acquiring new shares in Intel, Synopsys, and Nokia.February 18th - A 13F report shows that Hillhouse Capital HHLR Advisors Ltd. increased its holdings in Alibaba, Pinduoduo, iShares Bitcoin, and TSMC in the fourth quarter, sold off its entire stake in Baidu, and reduced its holdings in NetEase, Bright Scholastic, Futu Holdings, Full Truck Alliance, and Webull, among others; its major holdings include Pinduoduo, Alibaba, and Futu Holdings.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."