Tag: Jim O’Neill

• Wednesday, April 29th 2015 - 08:07 UTC

  The end of the BRICS

  

  By Gwynne Dyer - ”The only function of economic forecasting is to make astrology look respectable”, said John Kenneth Galbraith, the wisest American economist of his generation. (“A paltry honor,” he would have murmured.)

• Tuesday, March 13th 2012 - 07:03 UTC

  Goldman Sachs says Brazil’ Real needs to decline 20% to remain competitive

  

  Jim O'Neill, chairman of Goldman Sachs Asset Management, lent his support to Brazilian policy makers' efforts to weaken the Real, saying it needs to decline 20% to keep Latin America's biggest economy competitive.

• Monday, December 5th 2011 - 05:22 UTC

  Brazil and BRIC beat forecast of the man who coined the term

  

  Ten years ago this week, Jim O’Neill, chairman of Goldman Sachs Asset Management, coined the term BRIC, elevating the profile of four countries, Brazil, Russia, India and China, that he thought were poised to become “growth economies.”

• 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%.