BRICS Prepare for Trade War Leaders of the BRICS emerging economies — Brazil, Russia, India, China and South Africa — will gather in Johannesburg on Wednesday for a three-day meeting focused on the threat of a US-led global trade war. US President Donald Trump’s hardening stance has compounded fears of an all-out trade war after […]
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 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 $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 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 […]
BRICS Bank the Key to Breaking Stranglehold of USD The New Development Bank (NDB) set up by the BRICS countries, Brazil, Russia, India, China and South Africa, will help break the stranglehold of the USD on global trade, a Brazilian expert said Saturday. “The establishment of the NDB is part of a desire to help […]