• Wed
  • Sep 17, 2014
  • Updated: 3:54am


BRICS (an acronym for Brazil, Russia, India, China and South Africa) refers to an association of leading emerging markets. South Africa was added in 2010. 

BRICS development bank should challenge the Washington Consensus

The five countries in the BRICS group have set up a development bank and a reserve fund to increase their influence in world affairs. Their desires are justified.

Tuesday, 26 August, 2014, 3:43am

BRICS can be alternative lender

Four years of inaction on an agreement to give China and other emerging economies a bigger say in the International Monetary Fund have spawned an alternative international lending institution.

30 Jul 2014 - 10:41am

Do we need a BRICS development bank?

Does the world need another development bank? Brazil, Russia, India, China and South Africa have signed an agreement to create the Shanghai-based BRICS development bank.

17 Jul 2014 - 4:45am 6 comments

China sees itself taking key role in proposed BRICS international bank

China is positioning itself as a major player in providing alternative financing to emerging markets as they meet for their summit in Brazil.

16 Jul 2014 - 9:19am 2 comments

Growth in emerging economies can help to close rich-poor gap globally

The presidents of Brazil, Russia, China and South Africa and the prime minister of India meet tomorrow in Fortaleza, Brazil, for the sixth annual BRICS summit.

14 Jul 2014 - 3:24am

Losers' Clubs spend good money on bad ideas

Translation: the Losers' Club wishes to squander even more of the scant capital resources of its member governments by funding vanity investment projects that constitute little more than economic colonisation.

10 Jul 2014 - 6:50am

World Bank chief backs launch of BRICS bank

World Bank president Jim Yong Kim welcomed the initiatives of establishing two new multilateral lenders, saying they would not pose a threat to the Washington-based institution.

9 Jul 2014 - 5:20am 1 comment

Tie-ups between bourses do not always live up to the hype

There has been much talk recently about alliances between mainland and Hong Kong markets.

29 Apr 2014 - 12:49am

As developed countries improve, the BRICs stumble

The developing countries of Brazil, Russia, India and China recovered quickly from the financial crisis five years ago. Their spending helped keep a global recession from becoming a global depression.

Now they’re stumbling.

6 Oct 2013 - 12:54pm

BRICS leaders set up US$100b currency reserve pool

Leaders from Brazil, Russia, India, China and South Africa have agreed to create a US$100 billion pool of currency reserves to guard against financial shocks, Chinese Deputy Finance Minister Zhu Guangyao said.

6 Sep 2013 - 4:16am