Tag: BRIC

Wednesday, May 25th 2011 - 07:00 UTC
BRIC countries slam Europe’s ‘obsolete grip’ on the IMF top job

Top emerging economies joined forces to slam Europe's “obsolete” grip on the IMF top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.
Monday, May 16th 2011 - 03:01 UTC
China again hikes banks reserves requirements, fifth time this year

In an attempt to cool inflation China’s Central bank raised banks’ reserve requirements for the fifth time this year. The half-point increase takes effect May 18 and will boost levels for China’s biggest lenders to a record 21%.
Monday, April 11th 2011 - 21:09 UTC
Brazil aware its relation with China raises the risk of “Dutch Disease”

President Rousseff arrived in Beijing Monday to begin a state visit to China that will incorporate Thursday’s summit of BRIC leaders. However Ms Rousseff’s trip to China is symbolically important since it is her first overseas visit outside Latin America and underlines the growing importance of the Brazil/China relationship, points out Capital Economics.
Monday, April 11th 2011 - 19:49 UTC
China plans to invest 10 billion USD in soy production and processing in Brazil

China plans to invest ten billion US dollars in the production, storage and transport of soybeans in Brazil to ensure the supply of the commodity of which it is the world’s main importer, according to press reports in Beijing.
Monday, April 11th 2011 - 05:07 UTC
China posts surprise quarterly trade deficit of 1.02 billion USD, first in six years

China on Sunday reported a surprise quarterly trade deficit of 1.02 billion US dollars, the first in six years as it settles to rebalance its export oriented economy to boost domestic consumption in the next five years.
Friday, April 8th 2011 - 22:41 UTC
Chinese think-tank forecasts BRIC countries to overtake the US economy by 2015

BRIC countries (Brazil, Russia, India and China) are expected to contribute one-third of the world's GDP increase in 2015, by which time their total economy will surpass United States, according to a leading Chinese think tank.
Thursday, April 7th 2011 - 10:15 UTC
Brazil’s latest effort to stem flood of capital and contain the ‘Mighty Real’

Brazil unveiled Wednesday the latest effort to stem a flood of foreign capital that is driving the local currency sky-high and undermining the competitiveness of the country’s exports. Finance Minister Guido Mantega blamed the currency woes on the Federal Reserve policy that keeps US interest rates near zero.
Saturday, April 2nd 2011 - 06:53 UTC
The delicate balance of ‘cooperation’ and ‘competition’ between China and Brazil

Brazilian president Dilma Rousseff and her Chinese peer Hu Jintao will address the Libyan crisis and other issues related to the Chinese currency, Yuan, which has Brazilian manufacturers most concerned, anticipated the Brazilian Foreign Affairs ministry.
Monday, February 14th 2011 - 18:51 UTC
China “not too worried” about India/Brazil’s criticism of Yuan policy

In spite of United States inciting Brazil and India to criticise China's currency policy, Beijing need “not worry too much” because it can defuse the tension through talks, according to Chinese officials.
Monday, December 27th 2010 - 07:55 UTC
South Africa invited to join the BRIC group of emerging markets

South Africa has been formally asked to join the BRIC group of major emerging markets, comprising Brazil, Russia, India and China, according to a statement on the web from China’s Foreign Affairs minister Yang Jiechi.