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  • September 16, 2014
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  1. Comment - Insight & Opinion

    Chinese banks should not fund Great Barrier Reef oil projects

    Posted May 04th 2013, 12:00am by REY EDWARD

    ... India, China and South Africa recently announced plans to create a BRICS development bank. The long-serving chairman of China Development Bank, Chen Yuan, is expected to head the new institution. ... these innovative sustainable development policies, either at the newly minted BRICS bank or within its own institutions, it should address the role Chinese banks play in financing environmentally dangerous ...

  2. Comment - Insight & Opinion

    China's ties with Latin America counter US rebalance policy

    Posted Aug 05th 2014, 05:46pm by DENG YUWEN, JONATHAN SULLIVAN

    ... The establishment of the multilateral BRICS Development Bank demonstrates the increasing influence of developing economies on the global financial architecture. It also shows that the BRICS is no longer ... conflict. But pursuing a course of cooperation is something that China is well placed to do. While it does so, it can work to improve relations with Latin America and ensure the BRICS- Brazil, ...

  3. News - China Insider - WORLD ECONOMY

    Q&A: 'Asia’s best-kept secret' are China's improving ties with India, says Gupta

    Posted Aug 11th 2014, 11:07am by Wang Feng

    ... Wang Feng Last month marked the establishment of the New Development Bank, a bank funded by the BRICS countries- China, India, Brazil, Russia and South Africa- at a summit in Brazil. ... economic linkages will make it easier to arrive at an earlier resolution of the border disagreements. What projects could the BRICS countries’ New Development Bank fund in China and India ...

  4. Property - International - PHILIPPINES

    Philippine developer Ayala Land banks on demographic dividend

    Posted Sep 11th 2014, 06:01am by Bloomberg

    ... Bloomberg in Manila Philippines' biggest developer says people aged 25 to 34 now account for up to 30pc of buyers Ayala Land banking on demographic dividend Ayala Land, ... developer by home buyers in this segment because of its track record of quality and price appreciation". A decade ago, people aged 25 to 34 who were buying Ayala-built houses selling ...

  5. News - World - G20 SUMMIT

    BRICS leaders set up US$100b currency reserve pool

    Posted Sep 06th 2013, 12:00am by BLOOM

    ... to the pool. South Africa will provide US$5 billion. Leaders from the five emerging market economies known as the BRICS were also discussing the creation of a joint development bank that would invest ... Bloomberg in Moscow BRICS leaders create US$100b reserve pool Leaders from Brazil, Russia, India, China and South Africa have agreed to create a US$100 billion pool of currency reserves ...

  6. BRICS should get bigger say in IMF

    Posted Jun 22nd 2012, 12:00am

    ... India and South Africa should get in return- more say in the running of institutions like the IMF and the World Bank. The developed Western nations that set up both in 1944 and have controlled ... The growing financial might of China and the other nations of the BRICS group is well known, but underappreciated. Their US$85 billion pledge this week to the International Monetary ...

  7. News - China - DIPLOMACY

    Xi and Putin agree to take relations to a 'higher level' on sidelines of Brics summit

    Posted Jul 15th 2014, 12:22pm by AP

    ... on the sidelines of the Brics summit among the leaders of Brazil, Russia, India, China and South Africa, which begins today. “We have an enormous volume of cooperation. It is growing from year to year ... on further developing bilateral relations and broadening cooperation in various areas. Together, we brought our relations to a new stage of development,” Xi said. “I hope the two sides will fully ...

  8. Comment - Insight & Opinion - A GOOD WEEK FOR ...

    A Good Week for..., July 20, 2014

    Posted Jul 20th 2014, 04:13am by STAFF

    ... Xi Jinping President Xi Jinping oversaw the creation of a BRICS development bank at the summit of five leaders in Brazil. The five countries involved are Brazil, Russia, India, China and South Africa. The bank will be based in Shanghai. The five leaders also agreed to set up a US$100 billion currency exchange reserve to handle balance of payment crises. The move gives China ...

  9. Business - Banking & Finance

    Shades of Chiang Mai as BRICS unveil currency fund

    Posted Sep 12th 2013, 12:00am by BLOOM

    ... will provide US$5 billion. The fund represents 2.2 per cent of the combined US$4.3 trillion reserves among the BRICS. The group also agreed to seed a development bank with US$50 billion of capital. ... Bloomberg in New York and Johannesburg BRICS countries' creation of a fund to support their currencies has echoes of a similar initiative 13 years ago, which has never been used ...

  10. Business - Economy - ECONOMY

    China pushes regional development banks

    Posted Dec 02nd 2013, 05:19am by JANE CAI

    ... at home, according to He Yafei, the Overseas Chinese Affairs Office's deputy director and a former vice-foreign minister. China has proposed setting up development banks for BRICS countries- ... Japan's influence China pushes regional development banks China will set up regional development banks in Asia in the next few years to expand its economic clout and reduce Japan's influence. ...




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