Loans up to R100k in 24hrs, Apply Now!
Rarely has an acronym led such a charmed life as Brics.
All five Brics (Brazil, Russia, India, China, South Africa) countries would have wanted to host the bloc's development bank, Finance Minister Nhlanhla Nene said...
The Brics nations have agreed on the structure of a $50bn development bank by granting China its headquarters and India its first rotating presidency.
Items 1 - 10 of 32
All five Brics (Brazil, Russia, India, China, South Africa) countries would have wanted to host the bloc's development bank, Finance Minister Nhlanhla Nene said.
Brazil's President Dilma Rousseff said a decision by Brics emerging powers to create a development bank did not mean Brasilia was moving away from the IMF.
The formation of a new bank by BRICS countries to aid infrastructure development bodes well for business.
“The Brics are gaining political weight and demonstrating their role in the international arena.”
Chinese media hailed the Brics development bank blaming Western countries for flaws in the global financial system.
Leaders of the Brics group of emerging powers hold a summit with South American presidents, bringing together nations seeking alternatives to US influence in the region.
President Jacob Zuma will attend a special retreat with international leaders on the sidelines of the Brics summit in Brazil.
The five Brics countries have not discussed coordinated forex intervention in global markets.
Join us on
Whether you are a buyer or seller, wegotads is your online marketplace.
Buying a car has never been easy. Motoring.co.za contains a large database of car listings with a user friendly search.
Start searching today »
You are here:
We like to make your life easier
Subscribe to one of our feeds and receive instant news.
Browse IOL on your phone at m.iol.co.za.
Subscribe to our newsletters. News delivered to your inbox!
TwitterJoin us now
FacebookJoin us now
Terms & Conditions
© Copyright 1999 - 2014 Independent Online, a division of Independent Newspapers (Pty) Limited. The copyright in the literary and artistic works contained in this online news publication and its other related and connected websites, as well as in the published editions of group newspapers, their supplements and any other content or material, belongs exclusively to Independent Newspapers (Pty) Limited unless otherwise stated.
The reproduction of any content or material contained in this online news publication and its other related websites as well as the published editions of group newspapers and their supplements is expressly reserved to the publisher, Independent Newspapers (Pty) Limited, under Section 12(7) of the Copyright Act of 1978. Reliance on the information contained in the online news publications and other related content published on this website is done at your own risk and subject to our “terms and conditions”. Independent Newspapers (Pty) Limited has committed itself to The Press Code of Professional Practice which prescribes that news must be reported in a truthful, accurate, fair and balanced manner. If we don't live up to the Press Code please contact The Press Ombudsman 2nd Floor, 7 St David’s Park, St David’s Place, Parktown, 2193 or PO Box 47221, Parklands 2121 or email firstname.lastname@example.org (www.ombudsman.org.za) or telephone 011 484 3612/8.