The Iranian navy said an unauthorized tanker in the eastern Strait of Hormuz struck a sea mine, caught fire and lost propulsion this morning after ignoring repeated warnings and switching off its navigation systems. The navy said the vessel was operating in a prohibited, hazardous area and warned such violations would face the same outcome.

Nov. 7 — At a signing ceremony, the state-owned assets subgroup of Shanghai’s trading delegation reported $2.862 bln in intended procurement at the 9th China International Import Expo. The subgroup recorded 137 intended purchase orders across bulk commodities, medical devices and agricultural/food products, up 3.1% YoY. Since the first CIIE it has logged $25.2 bln of intended procurement with firms from more than 20 countries and regions, ranking first among Shanghai delegation subgroups for nine consecutive years.

美聯儲戴利：工資增長並未大幅上升；實際工資正在下降。