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 West-centric world order drove the fastest-developing countries, Brazil, Russia, India, China and South Africa, to set up their own organisation under the banner of their acronym, BRICS.Sunday, 26 July, 2015, 12:48am
A new challenge to the World Bank? A 'BRICS' bank is launched in Shanghai, while in another sign of the world's changing financial architecture, the euro zone's first Islamic bank opens in Frankfurt. (Photo: Xinhua)
Through partnership, coordination and cooperation, the five BRICS nations - Brazil, Russia, India, China and South Africa - can become stronger while pushing the cause of emerging economies and developing countries.13 Jul 2015 - 1:21am 1 comment
Russian and Chinese presidents Vladimir Putin and Xi Jinping meet ahead of the BRICS summit in the Russian city of Ufa.
President Xi Jinping called on leaders of emerging markets to expedite plans for a BRICS development bank as he landed in the Russian city of Ufa on Wednesday.9 Jul 2015 - 12:20pm
Chinese Premier Li Keqiang announced a multibillion-dollar series of trade and investment deals on his visit to Brasilia, as Beijing looks to invest $53 billion in South America's largest economy.
President Xi Jinping said the leading developing countries should have a larger say in global economic governance during his visit to Australia for the G20 summit. Analysts said that fitted with China's efforts to promote its global economic status.17 Nov 2014 - 7:23pm 1 comment
At their recent summit in Fortaleza, Brazil, the leaders of the BRICS nations confirmed their resolve to become the world's new global economic powerhouse and leading architect of the international development agenda.22 Sep 2014 - 4:17am
Although the New Development Bank was established by the BRICS bloc more than two months ago, discussion continues on the significance of the initiative.18 Sep 2014 - 4:42am
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.26 Aug 2014 - 3:43am
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
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 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
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
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