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BRICS members sign pact to trade in local currencies

Last Updated: Thursday, March 29, 2012, 14:17

Taking note of uncertainty in global political and economic situation, India, China, Russia, Brazil and South Africa on Thursday took the first step towards mutual trade in local currency and voiced strong opposition to any military action or rhetoric with regard to Syria and Iran.

Must ensure policy coordination to revive economic growth: PM

Last Updated: Thursday, March 29, 2012, 12:28

Addressing the 4th BRICS summit that kicked off in New Delhi on Thursday, Prime Minister Manmohan Singh said that we must ensure policy coordination to revive economic growth.

BRICS: West's monetary policy sparks huge capital volatility

Last Updated: Thursday, March 29, 2012, 11:57

Aggressive monetary easing by western central banks to revive growth in their economies is hurting emerging nations which are facing a rush of destabilizing capital inflows, a draft declaration by the BRICS group of five nations showed Thursday.

BRICS Summit in Delhi: Why it's important

Last Updated: Thursday, March 29, 2012, 09:15

The BRICS group of emerging world powerhouses - Brazil, Russia, India, China and South Africa - is expected to launch plans this week for a joint development bank and measures to bring their stock exchanges closer together.

BRICS summit in Delhi begins today

Last Updated: Thursday, March 29, 2012, 08:42

New areas of cooperation are expected to be discussed at the BRICS meeting.

Rich nations distorting global trade: BRICS

Last Updated: Wednesday, March 28, 2012, 13:18

Expressing concern over protectionism in a difficult economic environment, the BRICS countries Wednesday said the developed nations are undermining the global food security by distorting trade through agriculture subsidies.

Cash no problem; consensus is, for BRICS bank

Last Updated: Wednesday, March 28, 2012, 10:21

A BRICS development bank will be very useful, particularly to Africa, but a major challenge that may come on its way is aligning the interest of the member countries, said experts.

BRICS trade ministers' meeting today

Last Updated: Wednesday, March 28, 2012, 09:59

Ahead of the BRICS Summit on Thursday, trade ministers of Brazil, Russia, India and South Africa (BRICS) will meet here on Wednesday to discuss ways to strengthen economic ties.