Beijing was embroiled in a spate of frenzied dollar-selling last month as capital outflows and a depreciating yuan saw foreign-exchange reserves tumble by $80 billion, resuming 2015’s sharp declines in the country’s monetary war chest after a period of relative stability between February and September this year. Source: Bloomberg
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Russian President Vladimir Putin approved plans to launch the country’s own cryptocurrency, Russian Minister of Communications Nikolay Nikiforov said Sunday. Source: Daily Sabah
The consortium controlled by commodities giant Glencore and Qatar’s sovereign fund announced a 7.8 billion-euro deal Monday to sell a 14-percent stake in Russian oil giant Rosneft to Chinese conglomerate CEFC. Source: Daily Sabah
Turkish Cypriot Economy and Energy Minister Sunat Atun announced the route of the new interconnected power line between Turkey and Turkish Cyprus on Oct. 16. Source: Hurriyet Daily News