It has been more than five years since credit ratings firm Standard & Poor’s downgraded the U.S. economy from the prized AAA score to AA — and that is unlikely to change in 2017, Standard and Poor’s chief sovereign rating officer told CNBC Wednesday. The current policy making “is very uncertain.” Source: CNBC
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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