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British Foreign Secretary: Fully implementing the "two-state solution" is the guiding principle of this governments policy.Futures Market Summary | Tuesday, September 8th, CCTV News Highlights: 1. my countrys new service trade pattern is rapidly taking shape. 2. Li Qiang chaired the 21st thematic study session of the State Council. 3. Ding Xuexiang emphasized at the National Textbook Work Conference the need to accelerate the construction of a high-quality textbook system with Chinese characteristics, focusing on the fundamental task of cultivating morality and talent. 4. Han Zheng attended and addressed the opening ceremony of the 26th China International Fair for Investment and Trade. 5. my countrys foreign trade grew by 17.6% year-on-year in the first eight months, continuing its rapid growth trend. 6. Themed interviews, "Continuing the Long March Spirit and Striving for Rejuvenation—Reporters Retracing the Long March," were launched. 7. The 2026 China International Fair for Trade in Services (CIFTIS) will open tomorrow; all preparations are complete. 8. Investing in China. 9. Wang Xiangxi, former Party Secretary and Minister of the Ministry of Emergency Management, was expelled from the Party and dismissed from public office for serious violations of discipline and law. 10. The prosperity level of Chinas bulk commodity market improved in August. 11. The RMB Cross-border Payment System signed agreements with 11 foreign institutions. 12. my country standardizes payment terms management for automobile suppliers. 13. Three departments deploy measures to crack down on illegal activities such as forging preferential treatment certificates. 14. my countrys number of valid domestic invention patents reaches 5.667 million. 15. The State Administration for Market Regulation fully launches the "Reassuring Consumption" cultivation program. 16. my country launches a special campaign to expand insurance coverage for flexible employment personnel and other groups. 17. The "Green Bohai 2026" joint patrol and enforcement operation is launched today. 18. The Zhujiashan Tunnel of the Xian-Chongqing High-Speed Railway is completed today. 19. The Haidong Tunnel of the Yunnan Central Water Diversion Project is completed today. 20. The first phase of the Aoqin International Education (University) City is officially opened. 21. Canadas retaliatory tariffs against the United States officially take effect today. 22. Russia announces large-scale attacks on the Ukrainian capital and other areas. 23. The Houthi rebels in Yemen claim to have attacked multiple targets in Saudi Arabia. 24. Iran says it will retaliate if its energy assets are attacked by the United States. 25. Russia announces the closure of the German Consulate General in St. Petersburg and other institutions.European Commission President Ursula von der Leyen: The next tranche of €3.2 billion will help Ukraine better protect its airspace from Russian attacks.September 8th - US Treasury yields rose due to rising oil prices and increased likelihood of an interest rate hike next week following better-than-expected jobs data last week. Analysts at Danske Bank stated in a report that even without anticipating a rate hike next week, they believe the current pricing (with a near-equal probability of a rate hike and no change) is reasonable. However, Danske Bank still expects the Federal Reserve to raise rates twice, in December and March. Meanwhile, the US dollar weakened against a basket of currencies due to further strengthening of the yen.On September 8th, RBC Capital Markets strategists stated in a report that recent commitments from UK Prime Minister Burnham and Chancellor of the Exchequer Healy to maintain fiscal discipline could support the performance of UK government bonds. The strategists noted that Healys reaffirmation of the governments commitment to fiscal responsibility in his speech this week eased investor concerns ahead of the October 28th budget announcement. The UKs syndicated sale of bonds maturing in January 2056 on Tuesday will test market demand for UK government bonds. The strategists indicated that this backdrop should favor demand for Tuesdays syndicated issuance.

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."