BRIC is an acronym grouping Brazil, Russia, India and China, and was coined by Goldman Sachs’ Jim O’Neill in 2001. South Africa has in recent years pushed for the acronym to be modified to BRICS, to include South Africa.
Stretched budgets and sluggish growth are putting emerging market governments on a collision course with rising pressures from recently empowered middle classes for more spending and better services.Wednesday, 24 July, 2013, 4:43am
Capital flight from the BRIC countries - Brazil, Russia, India and China - is sending their stocks, bonds and currencies down in tandem as the 10-year love affair with the largest emerging markets ends.11 Jul 2013 - 3:17am
Media and entertainment businesses in the biggest emerging markets will expand at more than three times the pace to be seen in developed countries in the next five years, according to a study by PricewaterhouseCoopers.7 Jun 2013 - 3:46am
China and Brazil are two countries with steady growth, activist state sectors and hugely popular governments. They will be in the same corner of the world stage for decades. Both argue for a more multipolar and equitable world order - one that is less US-driven.30 May 2013 - 4:33am
After the Lunar New Year holiday, I visited Rio de Janeiro for a conference on the state of the global economy. I last visited Brazil in 1986, when the whole of Latin America was in the grip of a debt crisis. Today, Brazil is the "B" in the BRIC economies, with nominal gross domestic product of US$2.5 trillion, the seventh largest in the world. There is a quiet confidence in the air.2 Mar 2013 - 3:30am
Whither the slither? This and other compelling questions for investors in the Year of the Snake are raised and answered in CLSA's 19th Fung Shui Index.7 Feb 2013 - 5:16am 1 comment
Chinese companies are increasingly using overseas mergers and acquisitions (M&As) as a way of acquiring new capabilities as they expand globally.5 Jan 2013 - 7:10am
China's new leaders face the challenge of reining in the dominance of state-owned enterprises that has helped drag stock valuations down the most among the so-called BRIC bloc - leading emerging market economies - in the past decade.3 Dec 2012 - 4:26am
State councillor Dai Bingguo's visit to Russia this week for strategic security talks has once again focused attention on the supposedly close relationship between the two BRICS powers.23 Aug 2012 - 4:07pm
Next Friday China will publish economic growth data for the second quarter of the year.
The key number is likely to show that gross domestic product was up by around 7.5 per cent from the same period in 2011. Compared with a figure of 8.1 per cent in the first quarter, the number will indicate a significant, although gentle, slowing in China's rate of economic growth.4 Jul 2012 - 12:00am