Emerging market fund managers have come across a new acronym to excite them now that the deepening recessions…
Topic: BRICS
emerging economies of Brazil, Russia, India, China and South Africa
Renewed calls for Kazkahstan to put the ‘K’ in BRICKS
BRICKS: The Banker this week renewed calls for Kazakhstan to be invited to join the BRICS economic…
Brazil to build another Glonass ground station
Brazil is to build a fourth ground station for Russia’s Glonass satellite navigation network in its southernmost state of…
BRICS economies facing ‘perfect storm’, says IIF
The BRICS economies are facing a perfect storm of capital outflow, high enterprise debt, falling commodity prices…
Shanghai ceremony opens BRICS Development Bank
The new BRICS Development Bank was officially launched today in Shanghai at a ceremony hosted by its inaugural President Kundapur…
Putin looks to use BRICS summit to shift balance of power
The leaders of Brazil, Russia, India, China and South Africa begin gathering in the remote Russian…
China ratifies launch of new BRICS development bank
The Standing Committee of China’s National People’s Congress yesterday ratified the launch of the BRICS development…
57 countries sign up to AIIB
Representatives from a total of 57 countries signed up to the newly established Asian Infrastructure Investment…
BRICS Development Bank due to begin operations by April
The newly conceived BRICS Development Bank will swing into action in April next year, its president elect Kundapur Vaman…
Tspiras heads to St Petersburg as deadline looms for Greece
Greek Prime Minister Alexis Tsipras is due to meet with Russian President Vladimir Putin tomorrow at the Saint Petersburg…
IMF delays debate on voting reforms and issues veiled ultimatum to US
With the launch of the $100bn BRICS Bank and China’s Asia Infrastructure Investment Bank continuing to gain in…
Mastercard and JCB express interest in new Russian national payment card
The authorities in Moscow yesterday unveiled the prototype of the new Mir Russian national payment card that will go into…
Infosys Chairman KV Kamath named as first BRICS bank chief
BRICS bank chief: The Indian banker and Infosys Chairman KV Kamath has been named as the…
$100bn BRICS foreign currency reserve pool ratified by Russia’s Upper House
Russia’s Federation Council has ratified the establishment of a $100bn BRICS foreign currency reserve pool aimed at protecting national currencies from…
BRICS biomed consortium proposed by Siberian scientists
BRICS biomed consortium: Scientists at the Tomsk Research Institute of Cardiology in Siberia have put forward…
BRICS bank ratified by Russia and India
BRICS bank: Within the past week, the governments of both Russia and India have given their official blessing…
Russia ready to ratify BRICS bank next month
Russia ready to ratify BRICS bank: Russia is to give the BRICs development bank its official…
IMF voting system needs reforming, say Russia India and China
IMF voting system; The foreign ministers of Russia, India and China have jointly called for the IMF’s…
BRICS space station proposed by Russia as alternative to ISS
BRICS space station: A Russian proposal for a new BRICS space station may make it on to the…
Russian software sector to target BRICS countries as export markets
Russian software sector: Russia’s Communications Minister Nikolai Nikiforov has spelt out his government’s intention to turn Russia…
BRICS Bank to help stabilize world economy – Putin
BRICS Bank: The setting up of the BRICS development bank and a pool of reserve currencies may help…
Kazakh BRIC membership suggested by bank Governor
Kazakh BRIC membership:The governor of the National Bank of Kazakhstan, Kairat Kelimbetov has put forward the…
BRICS and MINT grouping bigger than G7, says IMF
BRICS and MINT: The combined GDPs of the seven largest emerging markets are now bigger those…