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2 mins read
India fully committed to increasing cooperation under BRICS, says PM Modi at Leaders' Summit
Lauding the role of BRICS, PM further highlighted that the grouping after the inclusion of five new…
ANI
2 mins read
Putin's dollar problem is on clear display at the BRICS summit, starting with the moment guests land at the airport
Mastercard and Visa halted operations in Russia. Most Russian banks only take US dollars or euros t…
Huileng Tan
2 mins read
BRICS' new declaration shows Russia's war still can't get the international backing that Moscow wants
The war was only mentioned once in the 43-page summary, while BRICS devoted five paragraphs to crit…
Matthew Loh
3 mins read
Putin's expanded BRICS summit proves he has friends — but risks buckling under its own contradictions
Russia is hosting a BRICS summit for the first time, with 4 new members. But efforts to rival the W…
Thibault Spirlet,Huileng Tan
2 mins read
BRICS's messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank
A former Zimbabwe finance minister said there could be an economic "disaster" if the current admini…
Huileng Tan
2 mins read
China-based BRICS bank aims to de-dollarize debt by expanding local currency lending
The New Development Bank has plans to expand lending in Brazilian, South African, and Indian curren…
Filip De Mott
1 min read
China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…
Jennifer Sor
4 mins read
BRICS decides to admit 6 countries as new members of grouping; focuses on voices of Global South
op leaders of the BRICS nations on Thursday decided to admit Argentina, Egypt, Ethiopia, Iran, Saud…
PTI
2 mins read
A BRICS currency backed by gold 'makes no sense whatsoever,' says one market guru
David Woo, previously a top strategist at Bank of America, questioned what would be achieved by cre…
Joseph Wilkins
2 mins read
BRICS-led dedollarization should alarm the US as new members could be most aggressive against the greenback, former State Dept. official says
"It is clear that traditional US allies, such as Egypt, Saudi Arabia, and the UAE, are already expl…
Filip De Mott
1 min read
Key BRICS member admits the dollar will remain dominant despite oil deals in rupees and yuan
"I wish the Indian rupee should be the lead currency in the world. But I'm also a realist," India's…
Filip De Mott
2 mins read
The idea of a BRICS common currency is almost 'embarrassing,' the economist who named the group says
Lord Jim O'Neill, who coined the term BRICS in 2001, waved away the possibility of the group of cou…
Joseph Wilkins
3 mins read
The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
The BRICS nations appear divided on the issue, as statements from the bloc's leaders last week indi…
Huileng Tan
3 mins read
The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
The BRICS nations appear divided on the issue, as statements from the bloc's leaders last week indi…
Huileng Tan
2 mins read
BRICS countries could swing an 'economic wrecking ball' at dollar dominance even without a shared trade currency, former White House economist says
The US dollar could soon be in the same position as the British pound in the 1800s, a former White …
Jennifer Sor
1 min read
'Rich Dad Poor Dad' author Robert Kiyosaki warns the dollar 'will die' as BRICS nations eye gold-backed alternative
Recently, the Russian embassy in Kenya said the BRICS group of countries are working on a common cu…
Zahra Tayeb
2 mins read
Brazil's president wants to end dollar dominance and backs calls for BRICS nations to use their own currency
"Who was it that decided that the dollar was the currency after the disappearance of the gold stand…
Filip De Mott
1 min read
China, Russia and India aren't developing a dollar rival, top official says: 'There's no idea of a BRICS currency'
India's foreign minister S. Jaishankar pushed back on the idea that the BRICS group of countries ar…
George Glover
3 mins read
Rupee rises for third day on forex inflows, softening crude oil
The rupee appreciated by 16 paise to settle at 82.56 against the US dollar on Thursday, marking its…
PTI
2 mins read
Rupee rises 5 paise to 83.05/USD tracking domestic equities
The rupee recovered from its all-time low levels and appreciated by 5 paise to 83.05 against the US…