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February 2nd - The 2026 Spring Festival travel rush has officially begun. According to China Railway Shenyang Group Co., Ltd., the company expects to transport 24 million passengers during the Spring Festival travel rush, averaging 600,000 passengers per day, a 3.7% increase compared to the 2025 Spring Festival travel rush.The South African government announced that retail petrol prices will be reduced by 65 cents per liter in February.S&P: Indias general government fiscal deficit is likely to gradually decrease from 7.3% of GDP to 6.6% of GDP by fiscal year 2026.On February 2nd, Wang Li of Great Wall Fund stated that the disclosure of 2025 performance by A-share listed companies has entered a peak period. The fourth quarter of 2025 is characterized by a rising central point for new economic growth and a broadening of positive indicators: economic transformation will accelerate in the fourth quarter. Although the divergence between the old and new economies will continue, the central point for new economic growth will shift significantly upward, spreading from AI to more sectors such as overseas expansion, resource products, and service consumption. AI and overseas expansion will continue to drive the rise in the central point of emerging technology growth, while most pro-cyclical sectors will benefit from price increases due to supply constraints and downstream demand transformation. Attention can be paid to low-crowding, lagging sectors such as electronics, overseas manufacturing, and insurance, where profit expectations have been revised upward. Current trading regulations have significantly suppressed short-term speculative sentiment, and subsequent ETF redemptions are expected to narrow, potentially leading to market stability. External disturbances are likely to bring downward pressure on previously popular sectors, thereby putting downward pressure on the index.February 2nd - On February 2nd, China Construction Bank (CCB) signed agreements to support the first batch of acquisitions of second-hand homes in Shanghai for use in affordable rental housing projects. This marks the substantial launch of Shanghais efforts to acquire second-hand homes for affordable rental housing. At the signing ceremony, relevant branches of CCB Shanghai Branch signed cooperation agreements with public rental housing companies in the three pilot districts of Pudong New Area, Jingan District, and Xuhui District, providing financial support for the acquisition work. It is understood that Pudong New Area prioritizes second-hand homes within the inner ring road, built before 2000, with a single unit area of less than 70 square meters and a total price not exceeding 4 million yuan, featuring clear property rights. Jingan District focuses on moderately priced, clearly defined small-unit second-hand homes, adopting a strategy of primarily area-based rental collection supplemented by scattered acquisitions. Xuhui District is exploring the acquisition of existing small-unit homes through the districts affordable housing company, renovating and configuring them according to relevant standards before supplying them as affordable rental housing.

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."


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