Tag: BRICS meeting in Brazil 2014

• Monday, July 21st 2014 - 07:38 UTC

  Ten hectic days await Argentina, and a possible second default in 12 years

  

  Ten hectic days ahead for Argentina since come 30 July and no agreement has been reached at the New York court of Federal Judge Thomas Griesa, (full payment plus accrued interests to holdout speculative funds) the country would be forced to a second default in twelve years with all the political consequences for Cristina Fernandez and Mercosur.

• Saturday, July 19th 2014 - 06:41 UTC

  China confirms its interest in Brazil with credit and infrastructure projects

  

  China expanded its trade partnership with Brazil with 7.5 billion dollars in financing for Brazilian miner Vale, the purchase of 60 passenger jets from plane-maker Embraer and renewed commitment to invest in infrastructure.

• Friday, July 18th 2014 - 08:39 UTC

  China offers 35bn fund to finance infrastructure projects in Latin America

  

  Chinese President Xi Jinping proposed Thursday to create a 20 billion dollars fund to finance infrastructure projects in Latin America and the Caribbean.

• Thursday, July 17th 2014 - 07:27 UTC

  BRICS development bank HQ in Shanghai and India will hold the presidency

  

  The first president of the BRICS group New Development Bank will be from India and the position will rotate every five years among Brazil, Russia, India, China and South Africa, said a joint statement from the leaders said.

• Thursday, July 17th 2014 - 07:20 UTC

  CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

  

  President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.

• Thursday, July 17th 2014 - 05:39 UTC

  “K” economist claims holdout hedge funds are after Argentina’s shale resources

  

  The holdout speculative funds or “vulture funds” are going after Argentina’s resource-rich Vaca Muerta region and are seeking to threaten the government with a “technical default” scenario, economist Agustín D’Atellis.

• Wednesday, July 16th 2014 - 08:05 UTC

  IBSA, as important if not more than BRICS for India

  

  Prime Minister Narendra Modi is visiting Brazil to attend the Sixth BRICS summit in Brazil on 15-16 July. During his meeting with President Dilma Rouseff, PM Modi will review the bilateral relations with Brazil with which India is committed to a strategic partnership.

• Wednesday, July 16th 2014 - 01:10 UTC

  BRICS sign deal to create development bank and an emergency reserve fund

  

  The leaders of the group of five BRICS emerging market countries signed on Tuesday a deal to create a new development bank and an emergency reserve fund, Brazil's President Dilma Rousseff announced at a summit of the group in the Brazilian city of Fortaleza.

• Tuesday, July 15th 2014 - 07:19 UTC

  Putin and Rousseff discussed doubling bilateral trade ahead of BRICS summit

  

  Brazilian president Dilma Rousseff and her Russian counterpart Vladimir Putin have restated their aim of doubling bilateral trade between the two nations to a value of 10 billion dollars a year, in a meeting held a day before the sixth summit of the BRICS group on Tuesday.

• Tuesday, July 15th 2014 - 06:42 UTC

  Chinese president Xi arrives in Fortaleza for the BRICS summit

  

  Chinese President Xi Jinping arrived on Monday to Fortaleza, Brazil for a summit of the BRICS countries. The sixth summit of the BRICS, which consists of Brazil, Russia, India, China and South Africa, will be held in Brazil from Tuesday to Wednesday.