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Gulf states should do more for Syrian refugees: USWealthy Gulf Arab states such as Saudi Arabia and Qatar as well as the so-called BRICs emerging market nations should do more to help Syrian refugees, a senior US official said on Friday. "I would like to see more aid come fr More… |
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BRICS set up $100bn development bankLeaders of the BRICS emerging market nations launched a $100 billion development bank and a currency reserve pool on Tuesday in their first concrete step toward reshaping the Western-dominated international financial system. The b More… |
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World leaders pressure Obama over Syria at G20US President Barack Obama faced growing pressure from Russia's Vladimir Putin and other world leaders to decide against launching military strikes in Syria, which many of them fear would hurt the global economy and push up oil prices. More… |
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BRICS to commit $100 billion to FX fundThe BRICS group of emerging economies will contribute $100 billion to a fighting fund to steady currency markets destabilised by an expected pullback of US monetary stimulus, Russian President Vladimir Putin said on Thursday. &nbs More… |
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Emerging markets 'mania' a costly mistakeInvestors who wrongly called time on US economic supremacy during the financial crisis are set to pay a hefty price for betting too much on the developing world, according to a top Goldman Sachs strategist. The More… |
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Gulf, BRICS 'should help Syria aid efforts'Gulf states and the fast-emerging BRICS economies should do more to address an expected funding shortfall of billions of dollars for Syrian aid efforts, a senior US official said on Thursday. More… |
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Destination 2013? China, Japan and MedWith a whiff of global recovery in the air and central bank liquidity abundant, investors in 2013 are packing their bags for China, fellow 'BRICs' Brazil and Russia, long-dormant Japan and even some Mediterranean sun. More… |
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BRICS eye creation of multi-lateral bankMajor emerging market economies will look closer at creating a joint development bank to co-ordinate their financial power as the world economy falters, said Brazilian Trade Minister Fernando Pimentel. Development banks of the so-called Br More… |
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BRICS economies ‘to drive global trade’BRICS (Brazil, Russia, India, China and South Africa) economies will play an increasingly dominant role in global trade and will be major drivers of the global economy in 2012, said experts ahead of a major ports summit in Abu Dhabi. Joint More… |
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Brics to look at bid for top World Bank jobThe world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job. Finance chiefs from the B More… |
