• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sources say Goldman Sachs is in talks with potential investors about participating in Nvidias (NVDA.O) $500 billion AI funding round.On August 14, Hengfu Holdings (00641.HK) announced that trading in its shares on the Hong Kong Stock Exchange was temporarily suspended from 9:00 a.m. on Friday, August 14, 2026, pending the publication of further information regarding the placement of new shares.August 14th - Speculative investors are increasingly betting on another rate hike by the Reserve Bank of Australia (RBA) in November, as inflation remains above the central banks target. Swap market pricing currently estimates a 45% probability of a 25 basis point rate hike by November, up from 38% before Tuesdays RBA rate decision. Trading activity in the November 2026 interbank cash rate futures contract, traded on the Australian Securities Exchange (ASX) derivatives market, rose to a more than three-month high, indicating increased speculative interest. These bets suggest growing market skepticism that the RBAs tightening cycle is not yet over. Although policymakers kept rates unchanged this week, traders will continue to watch upcoming price and employment market data for clues as inflation remains above the RBAs 2%-3% target range.August 14th - According to foreign media reports, South Korean President Lee Jae-myungs approval rating has plummeted to a record low, reflecting growing public dissatisfaction with his housing policies. These policies have failed to cool the overheated real estate market, while the governments proposed real estate tax reform has also sparked concerns. A Gallup Korea poll released Friday showed Lee Jae-myungs approval rating had fallen to 44%, a 7-point drop from the previous survey released in July. The decline in support among younger voters was particularly pronounced, with only 30% of respondents in their 20s expressing support for him. Support for Lee Jae-myungs Democratic Party also fell by 3 percentage points to 41%, while support for the main opposition People Power Party rose from 23% to 25% during the same period.At the close of the morning session, most domestic futures contracts rose. Rapeseed oil and lithium carbonate rose by more than 2%, while industrial silicon, soybean meal, low-sulfur fuel oil (LU), fuel oil, live pigs, synthetic rubber, polysilicon, and coking coal rose by more than 1%. On the downside, palladium fell by more than 3%, silver and platinum fell by more than 2%, and stainless steel (SS) and gold fell by nearly 2%.

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."