The Russian authorities plan to built 13 hydroelectric power stations and 15 wind power plants with power capacity of over 100 MW across the country, a power development plan released by the Russian government on Tuesday said. SEE MORE The State Bank of Vietnam (SBV) reported that deep debt ratio in the banking sector was 2.78 percent by the end of May, meeting the goal to keep it below 3 percent, at cabinet meeting this month. However the ratio highly increased in many commercial banks in the first half this year. SEE MORE The cobalt market continued to rally in 2015, with the help of Tesla Motors plans to build a lithium-ion battery gigafactory to boost sentiment. SEE MORE British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters. SEE MORE The International Monetary Fund has warned Vietnam’s government about a growing budget deficit and public debt, largely due to a big rise in recurrent expenditure and ineffective usage of public investment. SEE MORE