Tag: Durban BRICS summit

• Thursday, March 28th 2013 - 09:19 UTC

  China and Brazil sign agreement to trade in their local currencies

  

  China and Brazil signed an agreement to do billions of dollars of trade in their local currencies, as the five-nation BRICS forum of emerging market powers work to lessen dependence on the US dollar and Euro.

• 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.