The Latest Breaking News from BRICS

At the latest meeting in South Africa of BRICS — a grouping of the world economies of Brazil, Russia, India, China and South Africa — Russian President Vladimir Putin was a no-show.

With its proposed expansion, BRICS could mark a turning point in modern history

Analysts say absence could be snub to Delhi or part of apparent push by Beijing to elevate blocs not regarded as US-dominated

Russian Ambassador comes out strongly against what he calls western attempts to foreground the Ukraine crisis at the multilateral platform, says political issues should not be raised in keeping with the tradition of G-20

Gold is the world’s oldest currency. Central banks, governments, monetary authorities, and supranational institutions own gold as a foreign currency reserve asset. Over the past years, they have increased holdings, even though gold prices have been rising since the turn of this century. The potential for a new currency that…

China has upset many countries in the Asia-Pacific region with the release of a new official map that lays claim to most of the South China Sea, as well as contested parts of India and Russia, and official objections continue to mount

Analysts suggest Chinese leader may be reluctant to give neighbouring rival India the spotlight

Indonesian President Joko “Jokowi” Widodo travelled to Johannesburg, South Africa, on August 24 to attend the 15th BRICS summit, an informal grouping of five major emerging nations: Brazil, Russia, India, China and South Africa.

N. Ram, Director, The Hindu Publishing Group, said the expansion of BRICS has come at the right time.

About two weeks ahead of the G-20 summit in New Delhi, Russian president Vladimir Putin spoke to Prime Minister Narendra Modi to convey his inability to attend the meet. He will be represented by Russia foreign minister Sergey Lavrov. This wasn’t unexpected – Putin skipped the recent BRICS meet in…

High interest rates typically weigh on commodity prices as they increase the cost of carrying raw material inventories and increase production expenses. However, nothing is ordinary about the current historical period, which could mean commodity prices can rise even if rates remain stable or move slightly higher.