• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Sources familiar with the matter revealed that JPMorgan Chase CEO Jamie Dimon plans to meet with British Chancellor of the Exchequer John Healy on Wednesday. The British government is considering imposing a windfall profits tax on banks in its upcoming budget.On September 9th, local time, the Iraqi Ministry of Transportation issued a statement saying that at 5:30 AM local time, a Panamanian-flagged oil tanker transporting fuel was struck by an unidentified object within Iraqi territorial waters, sustaining damage to its hull. No injuries or cargo leaks were reported. The statement said that following the incident, Iraqi security and maritime authorities immediately took preventative measures, isolating and continuously monitoring the vessel, while simultaneously conducting on-site monitoring of the surrounding waters to confirm whether there were any fuel leaks, other damage, or risks that could affect navigational safety and the marine environment. The Iraqi Ministry of Transportation stated that relevant departments are investigating the specific circumstances of the incident and verifying the source and cause of the attack.Traders have increased their bets on interest rate hikes by the European Central Bank and the Bank of England; they expect four rate hikes by the end of 2027.Amazon (AMZN.O) has set the size of its first sterling bond issuance at £4.25 billion.September 9th - According to sources familiar with the matter, Dow, a leading global materials science company, is considering exiting its $20 billion chemical joint venture with Saudi Aramco as part of the U.S. companys portfolio restructuring amid a prolonged industry downturn. As of last year, Dow held a 35% stake in the joint venture, Sadara Chemicals, with Saudi Aramco holding the remainder. Saudi Aramco may use this opportunity to acquire Dows stake and increase its holdings. Sources indicate that other strategic or financial investors may also bid for Dows stake. No final decision has been made, and the company may ultimately decide not to proceed with the transaction. Sadara, established in 2011, aims to develop an integrated chemical park with a total investment exceeding $20 billion. It operates 26 production units, producing more than 3 million tons of chemicals and plastics annually. During the investment process, Dow has taken on Sadaras debt exposure, including a guarantee for a $500 million revolving credit facility to help finance potential funding shortages. According to Dow, Sadara has drawn $80 million from this facility in the fourth quarter of 2025.

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."