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On December 8th, Yimai Sunshine (02522.HK) issued an announcement on the Hong Kong Stock Exchange stating that its board of directors has noticed unusual fluctuations in the companys share price recently. After making reasonable inquiries, the board confirms that, as of the date of this announcement, it is not aware of any cause for the share price fluctuations, any information required to be disclosed to avoid a false market in the companys securities, or any inside information required to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). As of the date of this announcement, the board confirms that the Groups daily business operations are normal and stable, its core businesses are progressing smoothly, and it remains committed to its established development strategy in medical data and artificial intelligence. There are no material matters requiring disclosure that would concern the board and management.According to Japans Kyodo News, the number of bankruptcies among Japanese companies is expected to exceed 10,000 for the second consecutive year in 2025.December 8th, Futures News: Economies.com analysts latest view: Brent crude oil futures prices stabilized and rose during the previous trading session, attempting to break through the key resistance level of $63.75. The price utilized dynamic support above the EMA50 and traded within a small ascending channel that had previously limited its short-term volatility. Furthermore, although prices have reached overbought levels, the Relative Strength Index (RSI) still shows a positive signal, increasing the likelihood of a breakout above this resistance level.According to TASS, military expert Andrei Marochko said that the Ukrainian armed forces intensified their offensive in the Krasniliman direction last week, but the Russian army still maintains the initiative on the battlefield.December 8th, Futures News: Economies.com analysts latest view: WTI crude oil futures closed higher in recent intraday trading and continue attempting to break through the key resistance level of $59.85. As crude oil prices have remained above the EMA50, they have received positive support, indicating that their upward trend has remained stable so far. This performance is supported by positive signals from the Relative Strength Index (RSI), while the short-term trend is dominated by small upward movements and is trading in sync with the support trendline, increasing the likelihood of a test of new resistance levels in the recent trading session.

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."