• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Fitch Ratings: Japans stimulus plan exacerbates fiscal risks.U.S. Citizenship and Immigration Services: Effective immediately, all processing of immigration applications involving Afghan nationals will be suspended indefinitely until security and background checks are completed.On November 27th, Daiwa Securities issued a research report stating that Chow Tai Fook (01929.HK)s results for the first half of fiscal year 2026, ending September 30th, were 2% to 3% lower than market expectations in terms of revenue and net profit, but the report believes that positive factors outweigh negative ones. Despite an increase in Chow Tai Fooks dividend payout ratio and dividend per share, Daiwa considers the companys revised guidance for the second half of fiscal year 2026 to be conservative. Based on revised profit margin forecasts, Daiwa raised its earnings per share forecasts for Chow Tai Fook from 2026 to 2028 by 2% to 5%; its 12-month target price was raised from HK$15.5 to HK$18, while maintaining the forward P/E ratio at 18x; and its "Buy" rating was reiterated.According to NHK, Japans supplementary budget for fiscal year 2025 is projected to be approximately 18.3 trillion yen.On November 27th, Wu Yuetao, Director of the Department of Employment, Income Distribution and Consumption of the National Development and Reform Commission, stated at a press conference held by the State Council Information Office that efforts will be strengthened to guide technological innovation and promote supply-side innovation. Regarding technological innovation, the "Artificial Intelligence+" action will be implemented in depth to promote the intelligent development of all industrial elements and assist in the transformation and upgrading of traditional industries; the "Internet of Everything" of smart terminals will be promoted to cultivate an intelligent product ecosystem. Regarding scenario innovation, the cultivation and opening up of scenarios and the large-scale application of new scenarios will be promoted. A list of application scenario projects will be launched as soon as possible, and several major projects will be organized and implemented around the construction of comprehensive major scenarios to create a number of new consumption scenarios with broad impact and strong demonstration effects.

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."