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Rouhani declares start of gas injection to 1044 centrifuges

Tehran, Nov 6, IRNA - Iranian President Hassan Rouhani in a message referred to Iran'd 4th step of reducing JCPOA commitments and , saying gas injection to 1044 centrifuges will start on Wednesday.

"Iran’s 4th step in reducing its commitments under the JCPOA by injecting gas to 1044 centrifuges begins today," Rouhani wrote in his Twitter account on Wednesday.

"Thanks to US policy and its allies, Fordow will soon be back to full operation," he added. 

Turkey welcomes Trans-Caspian China Express Train

6 Nov 2019; AA: Turkey's Foreign Ministry Wednesday announced it welcomed China's Railway Express to Ankara.  

The first freight train departing from Xi'an, China, which will travel to Europe using Marmaray [Istanbul's sub-sea tunnel] has made it to its destination in Turkey.

"This development is the latest example of our vision of enhancing the connectivity between the East and the West.

Venezuela continues to develop despite US blockade: Pres Maduro

CARACAS, Nov 6 (NNN-Prensa Latina) — Venezuelan President Nicolas Maduro stressed on Tuesday that Venezuela is moving forward despite the tightening of the US economic blockade.

‘The year 2019 has been a complex one, hard, full of conspiracies, plots, international aggressions and many lessons learned. We prove that Venezuela can triumph and move forward victorious throughout the 21st century, with the flag of the Revolution flying high,’ the president tweeted.

Brazil mining regulator says Vale ‘negligence’ cost lives

BRASILIA, Nov 6 (NNN-TELESUR) — Brazil’s mining regulator blasted iron ore miner Vale SA for failing to disclose problems with a mining dam before a deadly collapse in January, saying this kept the agency from taking actions that could have saved lives.

The dam in Brumadinho collapsed and flooded a nearby company cafeteria and the surrounding countryside with mining waste, killing more than 250 people. It was Vale’s second deadly dam collapse in less than four years.

Liberia runs short of bank notes

MONROVIA, Nov 6 (NNN-AGENCIES) — Liberians are stuck in long queues at cash machines as many have run out of bank notes.

Customers trying to get money at bank counters have also complained they can’t get Liberian dollars.

The ministry of finance says there is not sufficient money in the vaults of commercial banks because people are keeping money at home – something observers say is motivated by a lack of confidence in the banks.

Liberia has had a problematic recent history with bank notes.

South Africa’s PetroSA eyes Russia for $359 million farmout deal

CAPE TOWN, Nov 6 (NNN-AGENCIES) — South Africa’s national oil company PetroSA and Russia’s state geological company Rosgeologia are in talks to finalize a $359 million farmout deal to give Russia its first foothold in a prospective oil and gas field offshore South Africa, three sources said.

PetroSA is under pressure to boost dwindling domestic resources that have imperiled its flagship Mossel Bay gas-to-liquid refinery, which is operating well below capacity.

US-China trade war ‘hurting both countries’: UN

GENEVA, Nov 6 (NNN-AGENCIES) — The ongoing trade war between the United States and China is harming both economies, the UN said, with a sharp drop in exports and higher prices for consumers.

In a fresh report, the UN Conference on Trade and Development (UNCTAD) examined the repercussions of bruising tariff hikes imposed by the world’s two largest economies, and found that both were left considerably worse off.

That in turn risks taking a toll on the entire global economy, the agency cautioned.

India: Withdrawal limit for PMC bank depositors raised to Rs 50,000

Mumbai, Nov 5 (PTI) In further relief to customers of scam-hit Punjab & Maharashtra Cooperative (PMC) Bank, the Reserve Bank on Tuesday enhanced the withdrawal limit to Rs 50,000 per account from Rs 40,000 per account.

This is the fourth time the regulator has increased the withdrawal limit since it clamped down on PMC Bank on September 23, capping withdrawals at Rs 1,000 per customer, which led to a lot of distress and criticism. Last month the limit was enhanced to Rs 40,000 per account.

Trade deal optimism boosts Aussie, Chinese yuan

(Reuters) - Trade-oriented currencies including the Australian dollar surged on Tuesday, with the Chinese currency poised for its biggest daily jump in nearly three months on increasing signs that Beijing and Washington are inching closer to a trade deal.

A decision by the Chinese central bank to trim lending rates by only 5 basis points also boosted general risk appetite, with the perceived safe-haven Japanese yen and the Swiss franc weakening by a third of a percentage point.

Hungary says Huawei to help build its 5G wireless network

BUDAPEST, Hungary (AP) — Hungary’s foreign minister says China’s Huawei will take part in the construction of the country’s next-generation 5G wireless network.

Peter Szijjarto said Tuesday in Shanghai, China, that Huawei will be cooperating with Britain’s Vodafone and Germany’s Deutsche Telekom in the project. He added that Hungary does not discriminate between companies based on their country of origin, as long as they respect Hungary’s laws and regulations.

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