Posts Tagged ‘BRICS(Brazil-Russia-India-China-South Africa)’
Posted by seumasach on April 28, 2012
He batted in particular as the leader of BRICS. But hardly had Mukherjee landed back in the Indian capital, news broke that Standard & Poor has lowered India’s sovereign credit outlook to ‘negative’ from ‘stable’. Within hours, bonds fell in Mumbai, stocks declined and the rupee slumped.
It is indeed no surprise that the empire seeks to punish those who challenge it, but the West’s game is far too transparent, far too bereft of finesse to impress anyone. S&P have no serious standing as they are entirely at the service of the Wall Street/City of London gang whose game is reduced to a series of entirely predictable moves which the whole world is learning to counter. Look to the establishment of new rating agencies, perhaps on the basis of Euro-Brics collaboration over the next year or two.
M.K.Bhadrakumar
Indrus
26th April, 2012
‘What goes up must come down’ is an elementary principle in physics ever since Isaac Newton wrote about the law of gravity. But the variant, ‘The feather in the wind will come to earth’, may in this case be more applicable. From various accounts, Finance Minister Pranab Mukherjee seemed a star performer at the meetings of the finance ministers of the World Bank, IMF and the G24 – and the BRICS, of course – in Washington. Things were looking really good.
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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), european rating agency, rating agencies | Leave a Comment »
Posted by seumasach on April 28, 2012
Pepe Escobar
Asia Times
28th April, 2012
Goldman Sachs – via economist Jim O’Neill – invented the concept of a rising new bloc on the planet: BRICS (Brazil, Russia, India, China, South Africa). Some cynics couldn’t help calling it the “Bloody Ridiculous Investment Concept.”
Not really. Goldman now expects the BRICS countries to account for almost 40% of global gross domestic product (GDP) by 2050, and to include four of the world’s top five economies.
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Posted in Battle for Europe, Drive to Global War, Multipolar world, New Cold War | Tagged: BRICS(Brazil-Russia-India-China-South Africa), EuroBrics, Zbigniew Brzezinski | Leave a Comment »
Posted by seumasach on April 16, 2012
M.K.Bhadrakumar
15th April, 2012
It gives me great pleasure to study the document which just reached me — ‘Explanation of Vote’ on the United Nations supervision mission for Syria by Ambassador Hardeep Puri at the UN Security Council in New York a little while ago. Before Puri spoke, External Affairs Minister S.M.Krishna telephoned UN’s joint special envoy for Syria Kofi Annan to underscore India’s support for his mission.
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Posted in Syria | Tagged: BRICS(Brazil-Russia-India-China-South Africa), kopi | Leave a Comment »
Posted by seumasach on April 7, 2012
NewropMag
5th April, 2012
Sami Kleib est un journaliste franco-libanais bien connu specialiste du Moyen-Orient. Il raconte les derniers rebondissements de l’affaire et finit par une présentation de la situation globale mondiale en expliquant comment la situation des pays du Golfe risque d’exploser, sutout celle de l’Arabie saoudite et du Qatar qui se trouvent aujourd’hui en situation d’agresseurs cherchant a sauver les meubles, après la défaite cuisante de leurs protegés vaincus, syriens et islamistes extrémistes de toutes nationalités. Quant a l’Europe… Pauvre Europe! Elle n’a plus qu’à attrendre le résultat des pourparlers entre Américains et Russes. Quant aux Libanais, il est temps qu’ils sachent où est l’interêt de leur pays, en se demandant s’ils veulent être enfermés chez eux par une coalition complétée par une Syrie gouvernée par des integristes virulents. Un article introduit par Mouna Alno.
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Posted in Multipolar world, Syria | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on March 29, 2012
RT
29th March, 20112
The BRICS – Brazil, Russia, India, China and South Africa – have agreed to provide credit to each other in local currencies. Officials say the deal will facilitate economic growth in times of crisis.
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Posted in Currency Wars, Multipolar world | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on March 27, 2012
The Hindu
27th March, 2012
Defending the move by the BRICS nations — Brazil, Russia, India, China and South Africa — to set up a bank, China said the developing world had been left with few options, stressing the need for governments to allocate the initial seed money for the initiative.
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Posted in Currency Wars, Financial crisis, Multipolar world | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on March 27, 2012
FIN 24
25th March, 2012
SOUTH Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies.
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Posted in Financial crisis, Multipolar world | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa), new financial architecture | Leave a Comment »
Posted by seumasach on March 21, 2012
RT
20th March, 2012
The ‘club’ of emerging economies known as the BRICS are strengthening their union. The countries are mulling over setting up a single development bank to promote joint investment initiatives, as well as their domestic currencies.
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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on March 21, 2012
Brics India
India is happy to host the 4th BRICS Summit in New Delhi in 2012 and extends a warm welcome to all delegates and mediapersons.
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Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
Posted by seumasach on March 20, 2012
Asia Times
21st March, 2012
MOSCOW – India’s proposal to set up a bank of the BRICS nations (Brazil, Russia, India, China and South Africa) will top the agenda at the summit of the group in New Delhi on March 28.
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Posted in Multipolar world | Tagged: brics bank, BRICS(Brazil-Russia-India-China-South Africa), new financial architecture | Leave a Comment »
Posted by seumasach on March 5, 2012
Voltairenet
28th February, 2012
BRICS member-states are preparing a world banking revolution. They are planning to nominate an alternative candidate for the post of the Chairman of the World Bank for the first time in history. BRICS also demands redistribution of quotas in the International Monetary Fund in the near future and intends to study India’s initiative on creating a South-South Bank.
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Posted in Uncategorized | Tagged: BRICS(Brazil-Russia-India-China-South Africa) | Leave a Comment »
In These New Times 