Russia prepares to invest wealth fund in banks

(Reuters) - Russia has prepared legal changes that would enable the government to invest up to 20 percent of its National Wealth Fund (NWF) in subordinated debts of banks, according to a document published on a government website.

Putin says spending from Russia's sovereign fund can't be raised: Interfax

(Reuters) - Russia cannot spend more of the $83 billion parked in its National Wealth Fund (NWF), President Vladimir Putin said on Monday, after the government recently raised the cap on how much of the fund can be used for domestic investments.

Iran offers special exchange rate to lure commerce

TEHRAN, Iran (AP) -- Iran's central bank is allowing most importers to buy local currency at half the former official price as part of attempts to attract investors to an economy battered by Western sanctions.