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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
China's Xi Jinping unexpectedly skipped a speech at a BRICS summit aimed at challenging dollar dominance
No explanation was given for the absence, and China experts wondered whether something was amiss.
Phil Rosen
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
Nouriel Roubini says the idea that BRICS countries will create a new world order is wrong as they are a 'mishmash' of systems
Brazil, Russia, India, China and South Africa are hobbled by their different political systems and …
Filip De Mott
1 min read
Russia's foreign minister accuses the West of 'financial blackmail' as BRICS eye adding Saudi Arabia, Iran to economic bloc
Russia's foreign minister accused Western nations of using "financial blackmail" as its economy fac…
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
2 mins read
Putin can't attend the BRICS summit for fear of arrest, but he couldn't pass up taking potshots against the West and the US dollar via tape
In a 17-minute prerecorded speech, Putin touted de-dollarization and renewed his call to increase t…
Huileng Tan
2 mins read
The dollar's dominance would face a threat unlike any other from a BRICS currency, former White House economist says
"The BRICS would also be poised to achieve a level of self-sufficiency in international trade that …
Filip De Mott
2 mins read
Putin is meeting leaders of China, Brazil, and India, showing Russia still has powerful allies despite the Ukraine invasion
President Vladimir Putin is attending a meeting of the BRICS alliance of Brazil, Russia, India, Chi…
Bill Bostock
2 mins read
BlackRock’s iShares drops the R from its BRIC ETF as it stops tracking Russian securities.
BlackRock's iShares has ditched the "R" from its "BRIC" ETF as trading in Russian securities is now…
Hamza Fareed Malik
2 mins read
India to hold two-day BRICS meet on Green Hydrogen initiatives
India is set to host a two-day summit on Green Hydrogen initiatives starting June 22 involving the …
2 mins read
Modi, Xi set to meet 'virtually' for the first time since the India-China standoff at the BRICS annual summit next month
Russia, the chair of the five-nation BRICS, announced on Monday that the annual summit of the bloc …
PTI
1 min read
BRICS summit 2016: India may be signing rough diamonds deal with Russia
The official deal is likely to relax the restrictive taxation and customs procedure which Indians h…
1 min read
Arun Jaitley banks on India’s ranking in competitive economies list, hopes to improve in goods market
"India's rank has steadily improved from 71 in 2014-15 to 55 in 2015-16 and to 39 in the latest rep…
2 mins read
India improves rankings on Global Competitiveness Index; jumps 16 places to 39th spot
As per the Global Competitiveness Index prepared by the WEF, India climbed 16 places and ranked at …
1 min read
L&T delivers rocket booster for Indian human space flight
"The hardware, a booster segment, will be used in the heavy rocket for launching the country's f…