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May 18th - The sharp rise in US Treasury yields this month may have neared its peak. JPMorgan analysts stated, "We no longer believe the risks are tilted towards higher yields." They added, "The policy outcome priced into the money market is more hawkish than our baseline scenario, and valuations have already corrected." According to CME data, the market largely expects the Federal Reserve to keep interest rates unchanged, but the likelihood of a rate hike is also increasing. Long-term bonds appear undervalued. JPMorgan stated, "We believe this bearish repricing provides an opportunity to increase duration."According to Hong Kong Stock Exchange documents, Guangdong Jinsheng New Energy Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.On May 18th, the 2026 International Hydrogen Energy Development Forum was held in Hong Kong, aiming to promote global cooperation and innovation in the hydrogen energy field. The forum focused on five main topics: establishing a hydrogen energy safety regulatory framework, establishing a global certification system for green and low-carbon hydrogen energy, unlocking the application potential of liquid hydrogen, building high-quality infrastructure for hydrogen energy development, and promoting scientific education on hydrogen energy utilization. It provided a platform for hydrogen energy industry experts and practitioners to exchange the latest technological advancements, engineering solutions, and future development trends. Acting Secretary for the Environment and Ecology of the Hong Kong SAR Government, Ms. Wong Suk-han, stated that this hydrogen energy exchange activity will build a platform for sharing industry experience and discussing technological innovations. Hong Kong strives to halve its total carbon emissions from 2005 levels by 2035 and move towards achieving carbon neutrality by 2050.The Ukrainian Foreign Ministry condemned Belarus for conducting nuclear weapons exercises. Ukraine called on its allies to increase sanctions against Moscow and Minsk.The Iraqi Foreign Ministry stated that Iraq is investigating the launch of a drone from its territory towards Saudi Arabia. Iraq has requested that Saudi authorities share information related to the attack. Our air defense systems did not detect the drone launch previously.

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."