Reserve Bank to buy Chinese bonds for reserves
25th April, 2013
Australia’s central bank is gearing up to invest a slice of its foreign currency reserves in Chinese government bonds.
Archive for the ‘Multipolar world’ Category
The New World Order is not turning out as planned. Instead of all power emanating from London and Washington, new power centres are emerging to the South and East: a new global equilibrium raises the possibility of a new post-imperial age of peace and equality between nations.
Australia to buy Chinese bonds
Posted by seumasach on April 24, 2013
Posted in Multipolar world | Tagged: China Australian cooperation, Chinese soft power | Leave a Comment »
Australia to abandon the U.S. Dollar
Posted by seumasach on April 17, 2013
April, 2013
Australia’s announcement that it is abandoning the U.S. dollar for trade with China is the latest broadside in the global currency war. Starting April 10, Australia and China will no longer use the U.S. dollar for trade between the two nations. For the first time, Australian businesses will be able to conduct trade in Chinese yuan. No more need for U.S. dollar intermediation.
Posted in Currency Wars | Tagged: China Australian cooperation | Leave a Comment »
The other currency war
Posted by seumasach on March 31, 2013
29th March, 2013
Most of the recent “currency war” talk refers to countries trying to lower the value of their currencies to gain a trade advantage and/or make their debts more manageable. But this war has another theater, where a weaker currency is not the main goal.
Posted in Currency Wars | Leave a Comment »
5th BRICS Summit- Declaration
Posted by seumasach on March 28, 2013
This statement is well worth reading in its entirety as an outline of the emerging trends of the coming years as seen by the emerging powers
V Cúpula do BRICS – Durban, 27 de março de 2013 – Declaração de eThekwini
27th March, 2013
Versão em português será divulgada oportunamente)
1. We, the leaders of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa, met in Durban, South Africa, on 27 March 2013 at the FifthBRICS Summit. Our discussions took place under the overarching theme, “BRICS and Africa: Partnership for Development, Integration and Industrialisation”. The Fifth BRICS Summit concluded the first cycle of BRICSSummits and we reaffirmed our commitment to the promotion of international law, multilateralism and the central role of the United Nations (UN). Our discussions reflected our growing intra-BRICS solidarity as well as our shared goal to contribute positively to global peace, stability, development and cooperation. We also considered our role in the international system as based on an inclusive approach of shared solidarity and cooperation towards all nations and peoples.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
A Win-Win in African Infrastructure – The Durban BRICS Summit
Posted by seumasach on March 28, 2013
27th March, 2013
The new world order comes to Durban this week – for the fifth BRICS Summit, and the first in Africa. Dilma Rousseff, Vladimir Putin, Manmohan Singh, Xi Jinping and Jacob Zuma represent a changing world, as gravity and power gradually shift from North to South, and West to East. Between them, they preside over nearly half of the world’s population, and nearly a quarter of its GDP.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), Durban Summit | Leave a Comment »
Putin sees BRICS as global troubleshooter
Posted by seumasach on March 23, 2013
M.K.Bhadrakumar
22nd March, 2013
The interview released today by Russian state news agency Itar-Tass with President Vladimir Putin regarding the forthcoming BRICS summit meeting at Durban (March 26-27) reaffirms the high priority Moscow attaches to the regional grouping. There are no surprises here. BRICS is a Russian initiative.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), Russian diplomacy | Leave a Comment »
South Africa and BRICS nations support Geneva agreement
Posted by seumasach on March 20, 2013
17th March, 2013
JOHANNESBURG, (SANA) – President of South Africa Jacob Zuma stressed that his country will spare no effort to support the BRIC S countries in their efforts to implement the Geneva statement and put an end to violence in Syria as soon as possible as to launch political dialogue.
Posted in Multipolar world, Syria | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Egypt’s Morsy pitches for ‘E-BRICS’
Posted by seumasach on March 19, 2013
18th March, 2013
Confident of navigating his country’ s post-revolution transition, Egypt’s first elected President Mohamed Morsy arrived in India on Monday to anchor a special relationship and flag his country’s ambition of joining the ranks of the world’s “emerging countries.”
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), E-BRICS, Egyptian revolution | Leave a Comment »
BRICS to announce development bank
Posted by seumasach on March 16, 2013
A Durban, les Brics se doteront d’une Banque pour changer la donne
4th March, 2013
La banque de développement du BRICS devrait être officiellement annoncée lors du cinquième sommet des BRICS, qui se tiendra à Durban, Afrique du Sud, à la fin du mois de mars. L’Algérie et le Venezuela pourraient être conviés à participer au capital de la banque.
Read the rest of this entry »
Posted in Multipolar world | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Plucky Pakistan puts India to shame
Posted by seumasach on March 12, 2013
M.K.Bhadrakumar
11th March, 2013
The contrast couldn’t be sharper between India and Pakistan. India is a mature, functioning democracy and an ‘emerging power’ with an independent foreign policy, whereas Pakistan is a moth-eaten country tottering on the abyss of failure as a dysfunctional state lacking in self-respect. At least, this is how Indian propaganda presents things.
Posted in Multipolar world | Tagged: Iranian diplomacy | Leave a Comment »
El comandante has left the building
Posted by seumasach on March 7, 2013
Pepe Escobar
6th March, 2013
Now that would be some movie; the story of a man of the people who rises against all odds to become the political Elvis of Latin America. Bigger than Elvis, actually; a president who won 13 out of 14 national democratic elections. No chance you will ever see such a movie winning an Oscar – much less produced in Hollywood. Unless, of course, Oliver Stone convinces HBO about a cable/DVD special.
Posted in Multipolar world | Tagged: Bolivarian Revolution | Leave a Comment »
In These New Times 