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The chart shows that at 23:00 Beijing time on February 9th, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. There are 5 contracts with strike prices exceeding 1 billion. Please manage your risks.February 9th - RHB Retail Research analyst Joseph Chai noted in a report that, from a technical perspective, the gold bulls may be strengthening. Analysis shows that COMEX gold futures have broken through the 20-day simple moving average on the daily chart. Based on this renewed upward momentum, the precious metal is expected to break further upwards and strengthen towards $5,500/ounce. Until this breakout is achieved, the bank currently maintains a bearish bias on gold.February 9th - Samsung Display is evaluating expanding its OLED panel production capacity for Apples foldable products, following Apples plans to release a smaller foldable iPhone Flip after the larger foldable iPhone Fold. Samsung Display is considering investing in additional foldable OLED production equipment at its A4 factory in Asan, South Chungcheong Province, South Korea, focusing on upgrading backplane-related processes, including thin-film transistor (TFT) production lines. The overall direction has been determined, and once internal approval of the specific investment scale is completed, related capital expenditures are expected to begin in the second quarter of this year.Century Hengtong: The company has not yet cooperated with Weibo on any content review services.February 9th – At a regular press conference on February 9th, Foreign Ministry Spokesperson Lin Jian addressed a reporters question regarding the Japanese House of Representatives election. Lin Jian stated that China urges the ruling Japanese authorities to face up to, rather than ignore, the concerns of the international community, and to follow the path of peaceful development rather than repeating the mistakes of militarism. He stressed the need to abide by the four political documents between China and Japan, rather than betray them. He asserted that if the far-right forces in Japan misjudge the situation and act recklessly, they will inevitably face resistance from the Japanese people and a strong counterattack from the international community. Chinas policy towards Japan remains stable and consistent and will not change due to any single Japanese election. He reiterated Chinas urging to Japan to retract its erroneous remarks regarding Taiwan made by Kaohsiung City and demonstrate its basic sincerity in upholding the political foundation of China-Japan relations through concrete actions.

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."