Tag: BRICS

• Thursday, July 11th 2013 - 06:43 UTC

  IMF: US pull-back from stimulus could trigger reversal in capital flows and hurt developing countries

  

  The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries.

• Wednesday, May 29th 2013 - 20:32 UTC

  Obama to welcome Rousseff: a “new era” starts in Brazil

  

  A communiqué released today by the White House said, “The President and First Lady will host Dilma Rousseff, President of the Federative Republic of Brazil, for an official State Visit with a State Dinner at the White House on October 23,” in what the United States hopes will mark the start of “a new era in relations”, as announced by Vice President Joe Biden, in Rio de Janeiro.

• Wednesday, May 8th 2013 - 09:40 UTC

  First Latinamerican and BRIC representative next head of WTO

  

  Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organization, the first candidate from Latinamerica and from the BRIC club of emerging economies to take the job.

• Monday, April 29th 2013 - 20:17 UTC

  Argentina transfers 400 million dollars to IMF to have greater access to emergency cash

  

  Argentina which the IMF censured for underreporting inflation less than three months ago after three warnings over the past two years, last week authorized the deposit of 400 million dollars with the Washington-based lender to increase the nation’s access to emergency cash.

• Wednesday, March 27th 2013 - 21:19 UTC

  BRICS summit decides ‘formal negotiations’ to create a development bank

  

  The leaders of the five BRICS nations stopped short of establishing a highly-promoted development bank at this week’s summit in South Africa, instead saying they would enter “formal negotiations” on the issue. But the summit did yield some agreements, including big-money bilateral trade deals.

• Friday, March 22nd 2013 - 06:55 UTC

  Brazil/China closer to promote trade in national currencies; announcement at BRICS summit

  

  Brazil hopes to sign a bilateral accord with China to promote trade in their national currencies at next week's BRICS summit of the world's five emerging powers, Trade and Industry Minister Fernando Pimentel said on Thursday.

• Thursday, September 6th 2012 - 03:34 UTC

  Brazil among the 50 most competitive nations according to WEF report

  

  For the first time, Brazil is among the group of the 50 most competitive nations in the world, says the Global Competitiveness Report, released by the World Economic Forum.

• Friday, June 22nd 2012 - 07:55 UTC

  Brazil and China sign 30bn dollars swap to boost trade and better weather global turbulence

  

  Brazil and China will sign an agreement in the coming weeks to swap as much as 30 billion in their two currencies, Brazil Finance Minister Guido Mantega said.

• Tuesday, June 19th 2012 - 06:16 UTC

  Largest emerging-market nations will make additional contribution to IMF

  

  The world’s largest emerging-market nations will announce contributions to the IMF’s financial firewall at the Group of 20 summit meeting in Mexico, Brazil’s Finance Minister Guido Mantega announced.

• Wednesday, June 13th 2012 - 06:17 UTC

  Ahead of G20 summit Brazil conditions IMF support and wants stimulus policies

  

  The amount of additional money Brazil plans to contribute to the IMF will depend on commitments to bolster the influence of emerging-market nations at the global lender, a senior Brazilian government official said on Tuesday.