By: Alex Mlynek

The Abu Dhabi and Singapore governments and members of the U.S. Treasury department have come to an agreement on a set of principles for countries that operate sovereign wealth funds, and for the countries those funds are investing in. The Treasury department announcement, which includes a link to the principles, can be found here. The hope is, according to this Bloomberg report, these principles will help stave off the recent upswing in U.S. protectionism in Congress.

To those readers who have today off, hope you are having a great long weekend!