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.
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.Sunday, 6 October, 2013, 12:54pm
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
Edward's Snowden's revelations about US cybersnooping appear to be pushing its rivals closer together as China and other major emerging economies agree to expand co-operation on internet security.7 Jul 2013 - 5:50am
Making real progress on increasing economic co-operation between the BRICS (an association of leading emerging economies Brazil, Russia, India, China and South Africa) is going to take significant political will, which may not be there.31 Mar 2013 - 2:08am
President Xi Jinping says a political solution accepted by all parties involved in the Syrian conflict is the only way to solve the two-year-old crisis. Xi told his Egyptian counterpart, Mohammed Mursi, on the sidelines of the BRICS summit in Durban, South Africa, on Wednesday that Beijing would maintain an objective and just position on the issue and support any plan for a solution accepted by all sides, Xinhua reported yesterday.29 Mar 2013 - 5:29am
After holding talks in Durban, leaders from Brazil, Russia, India, China and hosts South Africa (BRICS) agreed in principle to create a joint infrastructure lender but said further talks were necessary to finalise the plan to launch their eagerly awaited development bank.28 Mar 2013 - 6:17pm
China and Brazil agreed to establish a swap line of about US$30 billion in their respective currencies as they work to reinforce the clout of the world's largest emerging markets on a global stage.28 Mar 2013 - 5:42am 1 comment
Among the overweening initiatives announced this week by the ill-assorted leaders of Brazil, Russia, India, China and South Africa was a pledge to set up a new BRICS Development Bank to finance economic growth in the emerging world.28 Mar 2013 - 6:31am
The BRICS grouping of emerging powers on Tuesday reached a deal to establish a development bank that would rival Western-backed institutions, South Africa’s finance minister said.28 Mar 2013 - 1:38am
The grouping of Brazil, Russia, India, China and hosts South Africa is racing to flesh out proposals for an infrastructure-focused lender that would challenge seven decades of dominance by the World Bank.27 Mar 2013 - 5:44am