cnbc.com

Russia to remove dollar assets from National Wealth Fund (www.cnbc.com)

Russia will completely remove U.S. dollar assets from its National Wealth Fund (NWF), while increasing the share of the euro, Chinese yuan and gold. Russia on Wednesday said it plans to spend up to 400 billion roubles annually from the NWF in a bid to boost state investment in infrastructure projects and finance its development...

Germany's Deutsche Bank to file liquidation suit against Chinese developer Shimao after the company defaulted on its offshore bonds (www.cnbc.com)

Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising credit defaults and China’s deepening property sector....

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