• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hong Kongs trade deficit in January was HK$14.095 billion, compared to an expected deficit of HK$15.3 billion and a previous deficit of HK$63.3 billion.On February 27th, market rumors circulated that ByteDances Dongchedi was considering an IPO in Hong Kong, aiming to raise $1 billion to $1.5 billion. When contacted for comment, both Dongchedi and ByteDance declined to comment. Dongchedi, initially a car news channel within the news aggregation platform Toutiao, launched as an independent platform in 2017 and has since grown into one of Chinas leading automotive content and trading platforms, competing with rivals such as Autohome and Bitauto.The Hang Seng Index closed up 249.52 points, or 0.95%, at 26,630.54 on Friday, February 27; the Hang Seng Tech Index closed up 28.51 points, or 0.56%, at 5,137.84; the H-share Index closed up 45.2 points, or 0.51%, at 8,859.49; and the Red Chip Index closed up 27.8 points, or 0.63%, at 4,439.65.Hong Kong stocks closed higher, with the Hang Seng Index rising 0.95% and the Tech Index rising 0.56%, led by sectors such as steel and coal.The German DAX 30 index opened down 7.75 points, or 0.03%, at 25269.95 on Friday, February 27th; the UK FTSE 100 index opened up 5.35 points, or 0.05%, at 10852.05 on Friday, February 27th; the French CAC 40 index opened down 18.59 points, or 0.22%, at 8602.34 on Friday, February 27th; European The Stoxx 50 index opened down 2.76 points, or 0.04%, at 6158.80 on Friday, February 27; the Spanish IBEX 35 index opened down 60.46 points, or 0.33%, at 18436.14 on Friday, February 27; and the Italian FTSE MIB index opened up 20.56 points, or 0.04%, at 47446.50 on Friday, February 27.

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."