Speaking at a briefing in Beijing on Friday, People’s Bank of China Deputy Governor Pan Gongsheng said that China will steadily encourage overseas institutions to issue onshore and to invest in the domestic market. Foreign ownership of onshore debt fell for second year in 2016. 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