Xi Sailing BRICS’ Ship on Epic Voyage

Xi Sailing BRICS’ Ship on Epic Voyage

Xi Sailing BRICS’ Ship on Epic Voyage $GS, $CNY, $LNGVY, $BABA In stormy waters it is common for fishermen in Southeast China to set out to sea in groups. Each boat has its own Captain, but they will discuss fishing strategies when they return from a voyage. Over cans of beer, they argue but soon […]

BRICS Set To Play its Role in Global Governance

BRICS Set To Play its Role in Global Governance

BRICS Set To Play its Role in Global Governance The 9th BRICS Summit in Xiamen opens in early September when the organization’s role in global governance, a faltering economic recovery and setbacks in globalization will be the issues of greatest concern. “BRICS: stronger partnership for a brighter future” will bring together the leaders of Brazil, Russia, […]

Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold $GLD, $OIL, $USD, $CNY Russia’s largest bank, state-owned Sberbank, announced that its Swiss subsidiary had begun trading in Gold on the Shanghai Gold Exchange. Russian officials have signaled that they plan to conduct transactions with China using Gold as a means of marginalizing the […]

The WB and BRICS’ NDB Bank Align for Expanded Development

The WB and BRICS’ NDB Bank Align for Expanded Development

The WB and BRICS’ NDB Bank Align for Expanded Development Friday, the World Bank Group and the New Development Bank (NDB) set up by the BRICS nations signed a MOU (memorandum of understanding) to strengthen their cooperation in addressing global infrastructure needs. The memorandum, signed by World Bank Group President Jim Yong Kim and NDB […]