• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 30th, US President Trump stated that he would announce his nominee for Federal Reserve Chair on Friday morning local time, marking the end of a months-long selection process that has fueled speculation about the future of the worlds most influential central bank. When asked when he would announce his decision, Trump replied, "Tomorrow morning." Trump is reportedly considering four candidates on his shortlist: National Economic Council Director Kevin Hassett, Federal Reserve Governor Christopher Waller, former Federal Reserve Governor Kevin Warsh, and BlackRock executive Rick Reid. Trump did not reveal his choice, only vaguely stating that it wouldnt be too surprising and would be a well-known figure in the financial world. "Many people thought this person could have been in this position years ago," he said.January 30th - The Ministry of Transport held a press conference today, announcing that the overall operation of the transportation economy in 2025 was stable and progressing steadily. In terms of commercial freight volume, my countrys commercial freight volume reached 58.7 billion tons in 2025, a year-on-year increase of 3.2%. In 2025, my countrys port throughput grew rapidly, reaching 18.34 billion tons, a year-on-year increase of 4.2%, with domestic and foreign trade throughput increasing by 4% and 4.7% year-on-year, respectively. Container throughput reached 350 million TEUs, a year-on-year increase of 6.8%, with domestic and foreign trade container throughput increasing by 2.4% and 9.8% year-on-year, respectively.Futures News, January 30th: Positive news boosted gasoline and diesel prices, leading to a significant price increase. Fuel oil market participants are actively pushing for price increases, while downstream businesses are moderately replenishing their inventories. Buying and selling sentiment remains cautious, with refineries reluctant to sell at low prices. It is expected that fuel oil price negotiations will continue to focus on pushing prices higher today.A chart summarizing the overnight price movements of international spot platinum and palladium.Asian Stocks: 1. Chinas Shanghai Composite Index closed up 6.75 points, or 0.16%, at 4157.98 on Thursday, January 29; 2. Chinas Shenzhen Component Index closed down 42.82 points, or 0.3%, at 14300.08 on Thursday, January 29; 3. Chinas CSI 300 Index closed up 35.88 points, or 0.76%, at 4753.87 on Thursday, January 29; 4. Chinas ChiNext Index closed down 19.05 points, or 0.57%, at 3304.51 on Thursday, January 29; 5. Chinas STAR Market 50 Index closed down 47.16 points, or 3.03%, at 1507.64 on Thursday, January 29; 6. The Hang Seng Index closed up 141.18 points, or 0.51%, at 27,968.09 on Thursday, January 29. The Hang Seng Tech Index closed down 59.06 points, or 1.0%, at 5,841.1 on Thursday, January 29. European stocks: 1. Germanys DAX 30 index closed down 512.65 points, or 2.06%, at 24,330.89 on Thursday, January 29; 2. The UKs FTSE 100 index closed up 10.57 points, or 0.10%, at 10,165.00 on Thursday, January 29; 3. Frances CAC 40 index closed up 4.68 points, or 0.06%, at 8,071.36 on Thursday, January 29; 4. The Euro Stoxx 50 index closed down 36.54 points, or 0.62%, at 5,896.66 on Thursday, January 29; 5. Spains IBEX 35 index closed down 25.16 points, or 0.14%, at 17,582.44 on Thursday, January 29; 6. The Italian FTSE MIB index closed down 78.23 points, or 0.17%, at 45,060.50 on Thursday, January 29. US stocks: 1. The Dow Jones Industrial Average closed up 55.96 points, or 0.11%, at 49,071.56 on Thursday, January 29; 2. The S&P 500 closed down 9.02 points, or 0.13%, at 6,969.01 on Thursday, January 29; 3. The Nasdaq Composite closed down 172.33 points, or 0.72%, at 23,685.12 on Thursday, January 29.

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."