Port deal cited as Brazil and China hail strong ties

Business Nov 14, 2019

Port deal cited as Brazil and China hail strong ties

Brazilian President Jair Bolsonaro and Chinese President Xi Jinping praised their countries' strong bilateral relations at a meeting on Wednesday, as sources said a Chinese state firm was prepared to announce a major Brazil port investment. The leaders' comments showed how far relations have come ...

China heralds boost for emerging nations with BRICS Bank opening

Business Jul 21, 2015

China heralds boost for emerging nations with BRICS Bank opening

The biggest emerging economies opened their New Development Bank in Shanghai on Tuesday, strengthening China's ability to offer developing nations the support traditionally given by the U.S. and Japan through organizations like the World Bank. The NDB — or BRICS Bank as it is known ...

Commentary Nov 3, 2014

Avoiding Western networks

by Ramesh Thakur

All five BRICS countries — Brazil, Russia, India, China and South Africa — have vested interests in developing long-term alternative financial institutions for parking their money and moving it internationally, independent of the West's bullying instincts and addiction to sanctions.

Commentary / World Jul 22, 2014

Geopolitics trumps economics

by Ramesh Thakur

Western countries' insensitivity toward others' voices, values and interests lies behind the creation and evolution of BRICS (Brazil, Russia, India, China and South Africa), whose New Development Bank will give priority to loans for developing countries to finance infrastructure projects and industrialization.

Commentary / World Jul 22, 2014

Success of Chinese reform is key to BRICS' rise

by Pankaj Mishra

Last week, BRICS (Brazil, Russia, India, China and South Africa) took a decisive step toward building institutions that could plausibly challenge the long geopolitical and economic ascendancy of the West. But Vladimir Putin's posturing at the meeting just hours before a Malaysia Airlines jetliner ...

Editorials Jul 21, 2014

Banking on the BRICS

The financial heft of the BRICS group — Brazil, Russia, China, India and South Africa — has just advanced a step, at least symbolically, with its decision to launch the New Development Bank. A $100 billion reserve fund will be available to members that ...