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Australian shares succumb to 3rd straight day on Fed minutes; BHP drags (May 23).
Australian shares trimmed early losses but ended lower for a 3rd straight session on Thursday after minutes from the U.S. Federal Reserve's latest policy meeting called down hopes of early rate cuts, while worldwide miner BHP weighed on the criteria. The S&P/ ASX 200 index ended 0.5% lower at 7,811.80 points. Shares of BHP Group surrounded 3% lower after its takeover target British miner Anglo American rejected a sweetened quote, valuing it at 38.6 billion pounds ($ 49.10 billion). On The Other Hand, Wall Street too ended lower as financiers parsed the minutes from the Federal Reserve's latest conference. The minutes worked as a tip that rates of interest relief in the United States is still at least several months down the track, which dented belief on equity markets, stated Tim Waterer, chief market analyst at KCM Trade. Mining stocks ended 2.5% lower. The decrease in materials rates was most likely the bigger drag on BHP and the products sector today, included Waterer. Gold stocks closed 3.7% lower, tracking declining bullion rates after minutes from the Fed's conference suggested it would wait on inflation to cool down before deciding on rate cuts. Evolution Mining and Northern Star Resources ended 4.3% and 3.3% lower, respectively. Rate-sensitive financials ended 0.6% lower with the Big Four banks ending in red in between 0.8% and 1.1%. Bucking the pattern, shares of power retailer Origin Energy ended 1.9% greater and also hit a practically 9 year high during the day after it concurred with the state of New South Wales to postpone the closure of Eraring coal-fired power plant by 2 years. Technology stocks tracked the rally in chipmaker Nvidia after it estimated quarterly profits above expectations and announced a stock split. New Zealand's benchmark S&P/ NZX 50 index closed 0.7%. higher at 11,809.48 points.
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US gives Gulf LNG more time to construct Mississippi export plant
U.S. energy regulators approved Gulf LNG's ask for five more years till 2029 to build a proposed liquefied gas (LNG) export plant at the site of an existing LNG import plant in Mississippi, according to a federal filing on Thursday. Gulf LNG is one of more than three dozen LNG export plants under development in the U.S., Mexico and Canada, some of which have actually been under development for many years. The U.S. is the most significant international LNG exporter. The U.S. Federal Energy Regulatory Commission (FERC). authorized construction of the Gulf LNG export project in July. 2019. That order gave the company until July 2024 to construct. the facility and place it into service. In February, Gulf LNG asked for five more years up until July. 2029 to complete the job. FERC approved that request on. Thursday. Gulf LNG is half-owned by units of U.S. pipeline company. Kinder Morgan, with the other half owned by units of. several financiers, consisting of Blackstone, Warburg Pincus. , Kelso and Co and Chatham Possession Management, according to. the Gulf LNG site. Gulf LNG said in its FERC filing that it required more time to. build the plant in part because the pandemic produced difficulties. for commencing construction and carrying out global. industrial agreements. Gulf LNG also stated in the filing that its involvement in. litigation with existing import customers has actually obstructed its. capability to execute offtake contracts. The company stated it. prepares for a resolution of the dispute this year. Gulf LNG did not name the present LNG offtake purchasers. The. last LNG imported to Gulf LNG was in 2011, according to the U.S. Energy Info Administration. Kinder Morgan said in a statement it was pleased with FERC's. extension, however did not address concerns about the last time Gulf. LNG received imports or when the business planned to make a final. financial investment choice. Gulf LNG proposed to develop two liquefaction trains at the. site. Together the two trains might turn about 1.4 billion cubic. feet each day (bcfd) of gas into roughly 10.9 million. tonnes per annum (MTPA) of LNG. One billion cubic feet of natural gas suffices to provide. about 5 million U.S. homes for a day.
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Thyssenkrupp board approves partial sale of steel unit to billionaire Kretinsky
Thyssenkrupp on Thursday said its supervisory board approved an organized sale of 20% of the conglomerate's steel department to Czech billionaire Daniel Kretinsky in the face of ongoing opposition from labour agents. The German industrial group stated that labour leaders, who hold half of the non-executive board's seats, voted against the offer. Board Chairman Siegfried Russwurm's vote was counted two times, which is enabled under German business governance laws to break a stalemate. Store stewards alerted recently they may oppose the deal unless there were composed assurances concerning tasks and websites. Approval of the partial sale marked a crucial action in Thyssenkrupp's path to what it hopes will be a 50/50 steel joint endeavor with Kretinsky, whose energy holding EPCG would assist lower electrical power expenses, a major consider steelmaking. Previously this month, Thyssenkrupp cut its 2024 guidance for the 2nd time in three months, highlighting problems in the steel service, which has been hit by lower demand and costs. Juergen Kerner of trade union IG Metall, who is deputy board chairman, said labour leaders in principle invited Kretinsky's. desire to invest in business however the stake sale. amounted to a rushed separation of the steel system from the. parent business. This will be met intense opposition by us, stated. Kerner.
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CalSTRS joins project against top Exxon directors
The California State Educators' Retirement System has actually voted versus reelecting Exxon Chairman Darren Woods and Lead Director Joseph Hooley, joining other public systems concerned the energy business's claim against environment activists might decrease investor rights. In a statement sent out by a representative, CalSTRS said the votes were a determined technique to hold two significant leaders of Exxon accountable to investors. An online record reveals CalSTRS cast votes for the business's 10 other director nominees. The votes by CalSTRS for Exxon's May 29 yearly conference were in line with previous remarks by one of its board members, State Treasurer Fiona Ma, expressing issue about the match. CalSTRS still took a softer approach than the state's other big pension system, for public workers, which stated it would vote versus the whole board. Neither system is amongst Exxon's 40 biggest financiers, but they have played influential roles in previous Exxon director elections. In January Exxon took legal action against activists to block a vote on an environment proposal they submitted, avoiding the typical regulatory process. Although the investors withdrew their resolution, Exxon continued the lawsuit, looking for legal costs and other relief. On Thursday, a U.S. judge permitted Exxon's suit to continue against among the 2 activist groups it had sued, Massachusetts-based Arjuna Capital. The judge also stated Exxon might not pursue its claim against Netherlands-based group Follow This, as it was outside the court's jurisdiction. Exxon stated in a declaration the ruling moved it closer to its goal of reforming the investor resolution process. It has formerly stated securities regulators have actually enabled a lot of resolutions to come to a vote, costing business cash. It's time to stop the abuse of the system, and we're. pleased the judge agreed that we're entitled to our day in. court, Exxon stated. Asked about the CalSTRS votes, an Exxon representative. restated its past comments its board has actually managed considerable. shareholder worth creation.
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Spain's Repsol receives US license for Venezuela oil, gas projects -sources.
Spain's Repsol has got a license from the U.S. Treasury Department authorizing the energy business to continue and broaden its oil and gas organization in Venezuela, sources near to the choice said on Thursday. Repsol has a number of joint endeavors with Venezuela's state oil company PDVSA to produce crude and gas in the country. The two firms just recently agreed to include two big onshore fields to one of the joint projects. A U.S. authorities said today that Washington is evaluating approximately 50 individual license requests to do energy services in Venezuela. They follow the expiration in April of a broad permission that allowed the South American nation to export oil to its selected market and receive financial investment as an exemption to the U.S. sanction program. Repsol, PDVSA and the White House National Security Council did not right away react to requests for comment. The Treasury decreased to comment. Repsol and PDVSA goal to double oil output from the Petroquiriquire joint venture, where they are presently producing some 20,000 barrels each day of crude and 40 million cubic feet each day of gas. The expansion, approved by Venezuela's National Assembly, adds the promising La Ceiba and Tomoporo oilfields to the joint venture. The two areas have more than 5 billion barrels of oil in location. The U.S. State Department previously acknowledged European companies with operations in Venezuela, including Repsol and Italy's Eni, the Spanish business, might recover pending financial obligation and joint endeavor dividends in Venezuela by taking and refining Venezuelan oil.
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Wall Street turns lower as AI fervor moistened by rate jitters
U.S. stocks turned negative on Thursday as interest over Nvidia Corp's quarterly outcomes faded and robust financial data sustained issues over higherforlonger financial policy. U.S. Treasury yields turned higher after the data. All three major U.S. stock indexes collected downward momentum in afternoon trading, with innovation stocks delighting in the only gains among the S&P 500's 11 major sectors. The marketplace is at all-time highs, assessments are stretched, and we're coming off the sugar high of (Wednesday) night's. Nvidia report, said Ross Mayfield, investment method expert. at Baird in Louisville, Kentucky. You've seen it after Fed reports, you've seen it after a. handful of truly crucial data releases - and I think it's the. exact same with the NVIDIA profits - you get this initial sort of pop. or sell-off connected with the initial reaction, and then the. market absorbs it, recalibrates to where expectations were,. Mayfield added. Semiconductor stocks were offered a shock of adrenaline. by Nvidia, the megacap chipmaker at the forefront of AI. optimism, when the company forecast quarterly revenue above. quotes and revealed a stock split. On the financial front, S&P Global's Flash PMI survey showed. U.S. company activity has actually expanded faster than economists. forecast in May. The information is mostly seen through the lens of the Fed,. the timing of its very first rate of interest cut, and whether the. reserve bank can rein in inflation without setting off economic crisis. Flash PMI can be found in hotter than expected, which put a feather. in the cap of hawks, Mayfield included. So the thinking has. moved far from Nvidia to thinking about rates and 'higher for. longer.' The Dow Jones Industrial Average fell 609.91 points,. or 1.54%, to 39,061.13, the S&P 500 lost 44.34 points, or. 0.84%, to 5,262.67 and the Nasdaq Composite dropped. 96.85 points, or 0.58%, to 16,704.70. European shares pared earlier gains to end just nominally. higher, as optimism over Nvidia's strong projection was tempered. by reduced rate cut expectations. The pan-European STOXX 600 index rose 0.07% and. MSCI's gauge of stocks across the globe shed. 0.65%. Emerging market stocks lost 0.44%. MSCI's broadest index of. Asia-Pacific shares outside Japan closed 0.4%. lower, while Japan's Nikkei rose 1.26%. U.S. Treasury yields turned higher after data suggested U.S. service activity has actually gotten and the labor market stays. tight, supporting the Fed's greater for longer narrative. Benchmark 10-year notes last fell 11/32 in cost. to yield 4.4767%, from 4.434% late on Wednesday. The 30-year bond last fell 17/32 in cost to. yield 4.5816%, from 4.55% late on Wednesday. The dollar picked up speed versus a basket of world. currencies after a swath U.S. and euro zone economic data. The dollar index rose 0.14%, with the euro. down 0.16% to $1.0804. The Japanese yen weakened 0.06% versus the greenback at. 156.89 per dollar, while Sterling was last trading at. $ 1.2689, down 0.20% on the day. Crude oil prices reversed earlier gains to notch their. fourth successive session as the idea of rate of interest. staying restrictive for longer than expected raised the. possibility of deteriorating U.S. demand. U.S. unrefined dipped 0.90% to settle at $76.87 per. barrel, while Brent settled at $81.36 per barrel, down. 0.66% on the day. Gold costs dropped to a one-week low in the after-effects of. the Fed minutes' release. Spot gold dropped 1.8% to $2,335.19 an ounce.
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Norfolk Southern to pay $15 million civil penalty, clean-up costs over 2023 Ohio derailment
Norfolk Southern accepted pay a $15 million civil penalty and $57.1 million in past government cleanup costs on Thursday, along with millions in future expenses to fix a U.S. government lawsuit over a. February 2023 train derailment in East Palestine, Ohio. Under a proposed permission decree estimated to be worth more. than $310 million, the railway likewise consented to considerable. security improvements and training, that includes installing. additional safety devices after the derailment of the train. that ignited and launched over a million gallons of. hazardous products and pollutants. The Atlanta-based railroad will likewise spend for medical. keeping track of for health impacts connected to the derailment and release. of harmful chemicals. The settlement will pay for treatment. for specific medical needs stemming from the catastrophe, the. Epa stated. EPA Administrator Michael Regan said the contract will hold. Norfolk Southern responsible for the mess it made. He stated the. civil charge was the maximum allowable under the Tidy Water. Act and called the rail safety provision a game changer. Norfolk Southern, which did not admit misdeed, said the. deal implies the business will deal with no criminal penalties and the. settlement is included in the around $1.7 billion in associated. charges to date for the event. It added the settlement will. not need it to take added fees. The business's shares. fell 2% in afternoon trading. The U.S. Justice Department and EPA sued Norfolk Southern in. March 2023 to ensure the railroad paid complete expense of clean-up and. any long-term effects of the derailment. Under the settlement, Norfolk Southern will likewise reimburse. EPA for future clean-up and other reaction costs. EPA quotes. Norfolk Southern will spend an approximated $235 million for all. past and future clean-up costs under the proposed authorization decree. based on public comment and court approval. The security enhancements consist of setting up additional gadgets. to spot overheated wheel bearings early enough to avoid. derailments like the East Palestine occurrence. Norfolk Southern. says under the arrangement it will spend $244 million on safety. efforts through 2025. Norfolk Southern CEO Alan Shaw said the railway was delighted. we had the ability to reach a prompt resolution of these. investigations that acknowledges our detailed response to the. neighborhood's needs and our mission to be the gold requirement of. security in the rail industry. The settlement consists of $10-$ 15 million for continuing. tracking of groundwater and surface water bodies and a $25. million Community Health Program offering medical exams and. mental health services for the community and very first responders. for as much as 20 years. The railway formerly has spent $780 million in. ecological action and removal expenses and $107 million in. assistance to impacted citizens and communities in Ohio and. Pennsylvania. Last month, Norfolk Southern consented to pay $600 million to. settle a class action suit over the derailment. The. settlement covers accident claims from citizens and. services in the city and impacted surrounding neighborhoods. The occurrence sparked public outrage and calls for railway. safety reforms in Congress however legislation has stalled.
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W. Africa Crude-Angolan imports to China drop
Official information from China today showed Russia continues to be its top oil provider, including for April, as refiners cashed in on marked down shipments. A big casualty of this shift has actually been Angola. * Once Angola's crucial client, Chinese imports of Angolan crude and condensates in April fell to their most affordable in over a. decade, Kpler data shows. * In April, China imported about 15 million barrels of crude. and condensates from Angola, below the 18 million barrels it. imported in the exact same month in 2015, and a far cry from the. approximately 33 million barrels it imported in April 2017, the data. revealed. * Separately, for the very first time in 20 months, petroleum. processing in China was likewise lower than in the exact same month last. year, showing weak refinery margins and a fortifying. inventories. The latest information likewise validate that oil need in. China is likely to lose substantial momentum this year,. Commerzbank analysts wrote in a note today. * Angola's July schedule emerged last week, while Nigeria's. July schedule is anticipated to come next week.
QUOTES-Reactions to the death of Iran's president in a helicopter crash
Iranian President Ebrahim Raisi, a. hardliner long viewed as a possible follower to Supreme Leader. Ayatollah Ali Khamenei, was killed in a helicopter crash in. mountainous surface near the Azerbaijan border, authorities and. state media said on Monday.
The helicopter was likewise bring Foreign Minister Hossein. Amirabdollahian and 6 other guests and team, all of whom. died.
Here are reactions to the news:
SAUDI ARABIA'S KING SALMAN BIN ABDULAZIZ AND CROWN PRINCE. MOHAMMED BIN SALMAN:
They used acknowledgements to the acting head of the executive. authority, Mohammad Mokhber, on the death of Ibrahim Raisi,. president of the Islamic Republic of Iran, and his companions.
MARYAM RAJAVI, PRESIDENT-ELECT OF PARIS-BASED NATIONAL. COUNCIL OF RESISTANCE OF IRAN OPPOSITION GROUP:
This represents a huge and irreparable strategic blow. to the mullahs' Supreme Leader Ali Khamenei and the entire. routine, infamous for its executions and massacres.
It will set off a series of consequences and crises within. theocratic tyranny, which will spur rebellious youths into. action.
Menstruation of moms and those looking for justice for the. executed, together with the damnation of the Iranian individuals and. history, mark the tradition of Ebrahim Raisi, the well-known. wrongdoer of the 1988 massacre of political prisoners.
UNITED STATES SPECIFY DEPARTMENT:
The United States expressed its main condolences for. the death of Raisi and other authorities in a helicopter crash,. the State Department said.
As Iran picks a new president, we declare our assistance. for the Iranian people and their struggle for human rights and. fundamental freedoms, department representative Matthew Miller said. in a declaration.
US DEFENSE SECRETARY LLOYD AUSTIN:
Austin said he had no insight into the cause of the. helicopter crash.
I can't hypothesize on what might have been the cause, he informed. press reporters.
AFGHANISTAN'S ACTING PRIME MINISTER MULLAH MOHAMMAD. HASSAN AKHUND:
We share in the grief of the Islamic Republic of Iran and. its individuals and extend our acknowledgements to all the households of the. victims, the country, and the federal government of Iran.
In these hard times, we stand together with the people of. Iran and wish forgiveness for all the victims of this. incident and for perseverance for their families.
CHINA'S FOREIGN MINISTRY REPRESENTATIVE:
President Xi Jinping has actually already sent out a direct message to. Iran's very first vice president, Mohammad Mokhber.
Xi stated President Raisi made crucial contributions towards. Iran's security and stability, and towards establishing the. thorough strategic partnership between China and Iran.
PALESTINIAN PRESIDENT MAHMOUD ABBAS, IN A STATEMENT:
We extend our genuine acknowledgements and compassion to the. brotherly Iranian people for the passing of the late President. Ibrahim Raisi and the Foreign Minister, hoping to Almighty God. to bestow His huge mercy upon the departed Iranian President and. the others, and to give patience and solace to their families,. affirming the uniformity of the State of Palestine and its. people with the Iranian leadership and people in this great. condition.
PAKISTAN PRIME MINISTER SHEHBAZ SHARIF, ON X:
The great Iranian country will overcome this catastrophe with. customary nerve.
Pakistan will observe a day of grieving and the flag will. fly at half mast as a mark of respect for President Raisi and. his companions and in uniformity with brotherly Iran.
INDIAN PRIME MINISTER NARENDRA MODI ON X:
Deeply saddened and stunned by the awful death of Dr. Seyed Ebrahim Raisi, president of the Islamic Republic of Iran. His contribution to strengthening India-Iran bilateral. relationship will always be remembered.
My wholehearted condolences to his family and the people of. Iran. India stands with Iran in this time of sorrow.
RUSSIAN PRESIDENT VLADIMIR PUTIN:
Seyed Ebrahim Raisi was an impressive politician whose. entire life was dedicated to serving the Motherland.
As a real pal of Russia, he made an important personal. contribution to the development of good neighbourly relations. in between our countries and made fantastic efforts to bring them to. the level of strategic collaboration.
OPEC SECRETARY GENERAL HAITHAM AL GHAIS:
In these difficult times, on behalf of myself and all the. personnel at the OPEC Secretariat, I extend my acknowledgements and. sympathy to the esteemed management and individuals of the Islamic. Republic of Iran and the families of HE President Raisi and. other officials.
IRAQ PRIME MINISTER MOHAMMED SHIA AL-SUDANI:
We extend our wholehearted acknowledgements and compassions to the. Supreme Leader of the Islamic Republic, Ali Khamenei, and to. the nation of Iran, its government and individuals.
We reveal our uniformity with the brotherly Iranian individuals. and the authorities of the Islamic Republic throughout this painful. disaster.
TURKISH PRESIDENT TAYYIP ERDOGAN:
As a coworker who personally saw his efforts for the. peace of the Iranian people and our area throughout his time in. power, I remember Mr. Raisi with regard and gratitude, Erdogan. composed on X.
In a phone call with acting Iranian President Mohammad. Mokhber, Erdogan said Raisi and Foreign Minister Hossein. Amirabdollahian's contributions to Turkey-Iran ties will always. be remembered, according to Erdogan's workplace.
LEADER OF YEMEN'S HOUTHIS ABDUL MALIK AL-HOUTHI:
It is with fantastic remorse and sorrow that we received the. news of the unfortunate incident of the President of the Islamic. Republic, Mr. Ibrahim Raisi, the Minister of Foreign Affairs,. Dr. Hussein Amir Abdullahian, and their companions.
HAMAS DECLARATION:
The statement communicated Hamas' deepest condolences ... for. this immense loss.
It applauded the deceased Iranian leaders for supporting the. Palestinian cause and resistance versus Israel and expressed. confidence that Iran's deep-rooted institutions will enable it. to overcome the repercussions of this fantastic loss.
THE PALESTINIAN IRANIAN-BACKED ISLAMIC JIHAD GROUP:
The martyrdom of the President and his Foreign Minister is. a fantastic loss for the Islamic Republic.
It stated his loss was an excellent one for the Palestinian individuals. in these tough circumstances, as they played a prominent and. clear function in supporting and assisting the struggle of the. Palestinian individuals.
NECHIRVAN BARZANI, PRESIDENT OF THE IRAQI KURDISTAN AREA:
The passing of President Raisi is a tremendous disaster and a. extensive loss for the Islamic Republic of Iran, its people, and. its buddies.
Nonetheless, we have faith that the noble individuals of Iran. and the Islamic Republic will conquer this enormous loss. May. God Almighty offer assistance and protection to all, and may. the memory of the departed be blessed.
ARAB LEAGUE PRIMARY AHMED ABOUL GHEIT, IN A DECLARATION:
We hope to God to shower them with mercy and forgiveness. and to motivate their families with perseverance and solace.
SUDAN'S SOVEREIGN COUNCIL HEAD ABDEL FATTAH AL-BURHAN, IN A. STATEMENT:
While the President of the Sovereign Council extends his. genuine condolences and compassion to the friendly Iranian people,. he prays to God Almighty that he may have mercy on the President. and his buddies, and give their families patience and. solace, revealing the solidarity of the Government of Sudan and. its individuals with the leadership and the Iranian individuals in this. excellent loss.
MALAYSIAN PRIME MINISTER ANWAR IBRAHIM, ON FACEBOOK:
President Raisi exhibited a deep commitment to the. welfare of his people and the self-respect of his nation, which. represents a proud and rich civilisation rooted in the. concepts of Islam.
His commitment to justice, peace, and the uplift of the. ummah was really inspiring.
ITALIAN PRIME MINISTER GEORGIA MELONI ON BROADCASTER CHANNEL. 5 TELEVISION:
I see in these hours that the Iranian authorities are. crediting the thesis of the mishap and not conspiracy. theories.
I do not see any modifications in the internal order in Iran, we. remain in consistent contact with our European and G7 allies since. we are speaking about an occurrence that is part of an especially. intricate local structure.
I hope that the future Iranian leadership wants to devote. itself to the stabilisation and pacification of the region.
CHARLES MICHEL, PRESIDENT OF THE EUROPEAN COUNCIL, ON X:
The European Union expresses its genuine acknowledgements for. the death of President Raisi and Foreign Minister Abdollahian,. in addition to other members of their delegation and team in a. helicopter mishap. Our ideas go to the households.
EGYPTIAN PRESIDENT ABDEL FATTAH EL-SISI:
The president of the Arab Republic of Egypt ... prays that. the deceased Iranian President and the departed might rest in God. Almighty's mercy, and give their families persistence and solace,. expressing the uniformity of the Arab Republic of Egypt with the. Iranian management and individuals in this awful incident.
LEBANON'S IRAN-BACKED HEZBOLLAH GROUP, IN A STATEMENT:
It applauded the battle of the martyrs in defending the. causes of the nation and their service to Iran, getting in touch with God. to bless them with his mercy, to protect Khamenei, and to approve. Iran the capability to conquer the ordeal with patience and. determination.
JORDAN'S KING ABDULLAH, ON X:
My inmost acknowledgements to the bros, leadership,. federal government and people of the Islamic Republic of Iran on the. death of Sibling President Ebrahim Raisi, Foreign Minister. Bro Hossein Amir Abdullahian and those accompanying them,. might God have grace on them all.
We stand in uniformity with our siblings in Iran in this. tough circumstance
UAE PRIME MINISTER SHEIKH MOHAMMED BIN RASHID AL-MAKTOUM:
Our hearts are with you in this challenging time. Our prayers. are that God will cover them with His large grace and stay them. in His roomy Paradise.
SYRIAN PRESIDENT BASHAR AL-ASSAD, IN A DECLARATION:
Assad affirmed Syria's uniformity with the Islamic Republic. of Iran and the families of the dead.
Assad added that Syria had worked with the late president to. ensure strategic ties in between Syria and Iran remained. flourishing, recalling Raisi's important see to Syria as part. of enhancing ties for the benefit of both countries.
QATAR'S EMIR SHEIKH TAMIN BIN HAMAD AL-THANI, ON X:
Sincere acknowledgements to the government and individuals of the. Islamic Republic of Iran ... asking God Almighty for grace and. forgiveness for them and for their households with perseverance and. solace.
JAPAN'S FEDERAL GOVERNMENT REPRESENTATIVE YOSHIMASA HAYASHI:
Japan expresses its deepest condolences to the government. and individuals of Iran over the death of President Raisi and the. foreign minister.
VENEZUELAN PRESIDENT NICOLAS MADURO, ON X:
Deeply saddened to have to bid farewell to an excellent. person, an amazing leader of the world as our sibling. Ebrahim is, and will constantly be, an exceptional human being,. protector of the sovereignty of his people and genuine. friend of our country..