As money leaves Russian stocks, China, other BRICS benefit
With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow`s equity markets and funnelling cash into other BRICS states, with China a standout beneficiary.
Aug 13, 2014, 00:16 AM IST
BRICS to create development bank, `mini-IMF`
Leaders of the BRICS group of emerging powers meet Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions.
Jul 15, 2014, 15:12 PM IST
BRICS nations commit to refrain from protectionist measures
BRICS nations, including India, on Tuesday expressed commitment to refrain from taking any protectionist measures and improve policy coordination to enhance trade and investment.
Jul 15, 2014, 14:04 PM IST
Negotiations to launch new BRICS bank hit snag: Source
Negotiations have stalled for now on a dispute between China, India and South Africa over who will host the bank.
Jul 15, 2014, 09:41 AM IST
