Brazil always valued its cooperative relations with other BRICS countries after the birth of the bloc in 2009. However, the political developments since the suspension of Rousseff are resulting in readjustment of its foreign
The New Development Bank, with noted Indian banker K.V. Kamath as its president, was formed by the BRICS leadership with an objective of funding infrastructure projects in emerging economies, as also to meet the aspirations o
Specialist funds dedicated to once-vaunted BRIC quartet of emerging markets face a bleak future, as many investors have pulled out due to years of collective underperformance by the bourses of Brazil, Russia, India and China.
The BRICS Foreign Ministers today noted that terrorist activities of extremist organisations like the ISIS, which control large part of territories of the republic of Iraq and Arab republic, pose a direct threat not only to t
The first loan to be issued by the USD 100 billion New Development Bank (NDB) of the five-nation BRICS bloc in April next year would in Chinese currency Renminbi (RMB), its President K V Kamath has said.
China should "curb" geopolitical competition with India and Russia to strengthen the BRICS grouping with the launch of the New Development Bank headed by eminent Indian banker K V Kamath, Chinese media said today.
The New Development Bank (NDB) floated by the BRICS nations, including India, to step up infrastructure funding in the emerging economies formally started its operations at its headquarters here today.