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  1. BRICS building plan that's short of mortar

    Posted Apr 19th 2011, 12:00am

    ... of the World Bank group and International Monetary Fund got under way in Washington? The meeting of the BRIC countries- Brazil, Russia, India and China, now renamed BRICS with the addition of South ... to Brazil and India. The BRICS ought to be thinking of using some practical mortar to build their dream economic house. Meanwhile, at the wider world of the IMF and World Bank, with small supporting ...

  2. Brics bloc ready to make its meetings an annual event

    Posted Mar 23rd 2011, 12:00am by Ed Zhang

    ... from a government think-tank. Wan Chengcai, a specialist on Russia with the State Council Development Research Centre, said Brics was likely to make the announcement during its summit in Sanya, ... of International Studies, said he expected the ranks of Brics to expand even further. But Wan disagreed. He said Brics was in the early stage of its development as a co-operative grouping. It was unlikely ...

  3. Get your house in order, G20 told

    Posted Sep 24th 2011, 12:00am

    ... May Chan may.chan@scmp.com China yesterday urged the major developed economies to deal with their worsening sovereign debt problems after meeting the rest of the BRICS countries ... commit to a certain amount,' Yao said. China is not the only BRICS nation to have qualms about providing funds to stabilise the global financial system. India's central bank has already ...

  4. China backs a new bloc for the world stage

    Posted Apr 14th 2011, 12:00am

    ... and avoid overdependence on developed economies. At the International Monetary Fund, the BRICS nations would also have a substantial effect on the balance of power if they consolidated all ... that by 2050, the BRICS' total share of the world economy might exceed that of the developed economies combined, offering China 'a good way to diversify risks and seek more ...

  5. Pact paves way for gradual shift from dollar to local currencies

    Posted Apr 15th 2011, 12:00am

    ... for all emerging economies, said Jabu Moleketi, chairman of the Development Bank of Southern Africa. The intra-BRICS local currency mechanism, once the technical issues are worked out, could ... the just-concluded BRICS summit. This was the central theme of an internal banking co-operation agreement signed by Brazil, Russia, India, China and South Africa yesterday in Sanya, in the southern island ...

  6. Quantitative easing, BRICS, double-dips dominate talk

    Posted Sep 05th 2011, 12:00am

    ... and BRICS. Double-dip, at least, is the phrase of the moment. It addresses the possibility that the US and Europe will dip back into recession. The catalyst for that discussion last week came on news of weak US employment data and stagnant growth in manufacturing orders and, most notably, the decision by Brazil's central bank to cut interest rates by 50 basis points. Brazil is the first ...

  7. HKEx joins BRICS in cross-selling derivatives

    Posted Oct 13th 2011, 12:00am

    ... futures and options will be traded on those markets. Later on it will develop other products, such as exchange traded funds, to track the BRICS exchanges. The alliance, the first of its type, ... Enoch Yiu enoch.yiu@scmp.com Hong Kong Exchanges and Clearing and six bourses from the BRICS economies- Brazil, Russia, India, China and South Africa- intend to cross-sell each ...

  8. BRICS will become a force to be reckoned with, say researchers

    Posted Mar 25th 2011, 12:00am by Ed Zhang

    ... into a force to strive for developing countries' interests and rights in the world. Although the group's members do not expect to compete with Western countries, they say, BRICS will become ... Although it was still too early to say whether it would become as important as the G7, the group of the world's largest developed economies, 'BRICS will surely gain in its political ...

  9. BRICS may discuss Libyan crisis at summit

    Posted Apr 03rd 2011, 12:00am

    ... Ed Zhang and Ng Tze-wei in Beijing Leaders of the BRICS nations may break with precedent by including a statement on Libya in their communique at the end of their meeting next week ... community is concerned with, and this naturally will be an issue the BRICS leaders are very concerned with', Assistant Foreign Minister Wu Hailong said yesterday at a briefing about the agenda ...

  10. Events

    Posted Mar 21st 2011, 12:00am by Staff Reporter

    ... development'. Bank of America Tower. British Chamber of Commerce lunch: 'Better client relationships'. British Consulate-General. French Chamber of Commerce lunch: 'Will Jasmine ... Today: Hong Kong General Chamber of Commerce lunch: 'Implications of South Africa's accession to BRIC'. United Centre. American Chamber of Commerce lunch: 'The vital ...




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