EUR/USD 1.15980
-0.078%
Gold 4243.79
0.548%
Oil 59.439
-0.067%
USD/JPY 155.554
-0.271%
GBP/USD 1.32282
-0.195%
GBP/JPY 205.774
-0.183%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Chevron (CVX.N): Its uninterrupted operation is not only crucial for manufacturers, but also indispensable for many countries that rely on this transportation system to ensure energy security.Chevron (CVX.N): The Caspian Pipeline Alliance (CPC) is a vital export route that enables crude oil produced in Kazakhstan to access the international market.Chevron (CVX.N): We are aware of the incident in Novorossiysk that resulted in the failure of one of our single-point mooring units (SPM). Shipment of Tengizchevroil is currently continuing. All personnel have been confirmed safe and there have been no injuries.On December 1st, Barclays economists stated that following the unexpectedly strong second-quarter GDP data in India, they no longer expect the Reserve Bank of India (RBI) to cut interest rates this month. Economists believe that Indias economic growth may have peaked, and growth in the second half of the fiscal year is likely to slow compared to the first half. Economists anticipate a dovish tone in the RBIs December policy statement, with a hope that the first steps towards a potential trade agreement with the US can be achieved this year. However, they do not rule out the possibility of further policy easing by the RBI in 2026, provided that the shadow of the US 50% tariffs persists beyond 2025.According to AXIOS: Two Ukrainian officials said that Sundays negotiations between the United States and Ukraine focused on demarcating the actual border with Russia in accordance with a peace agreement. They described the five-hour meeting as "difficult," "tense," but productive.

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."


Suggestion