By Andrea Shalal WASHINGTON (Reuters) – The U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic Council’s GeoEconomics Center shows. The group’s “Dollar Dominance Monitor” said the dollar continued to dominate […]
By Andrea Shalal WASHINGTON (Reuters) – The U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic Council’s GeoEconomics Center shows. The group’s “Dollar Dominance Monitor” said the dollar continued to dominate […]
KUALA LUMPUR (Reuters) – Malaysia is preparing to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim said in an interview with Chinese media outlet Guancha. The BRICS group of nations originally included Brazil, Russia, India, China, and South Africa, which gave it the acronym. The group last year began to expand its […]
By Liz Lee BEIJING (Reuters) – China has urged the BRICS bloc of nations to take on greater responsibilities and establish itself as being inclusive to the world, Foreign Minister Wang Yi said on Tuesday, in the wake of Western sanctions and trade restrictions imposed on the country. Many Chinese companies have faced Western sanctions […]
MOSCOW/ANKARA (Reuters) – Russia welcomes Turkey’s reported desire to become part of the BRICS group of nations, Kremlin spokesman Dmitry Peskov said on Tuesday, saying the subject would be on the agenda of the organisation’s next summit. Peskov said there was heightened interest in BRICS – a group comprising Brazil, Russia, India, China, South Africa, […]
The China-backed Brics grouping could offer Turkey a “good alternative” to the European Union to boost its economic prospects, according to Ankara’s top diplomat. At the start of a three-day trip to China on Monday, Turkish Foreign Minister Hakan Fidan said that while Turkey was in a customs union with Brussels, it was also exploring […]
(Bloomberg) — President Luiz Inacio Lula da Silva will meet with his Russian counterpart, Vladimir Putin, in October when the two leaders attend the BRICS summit slated to be held in Russia, Brazil’s government said in statement Thursday night. Most Read from Bloomberg It will be the first meeting of the bloc in which Putin […]
BUENOS AIRES (AP) — Argentina formally announced Friday that it won’t join the BRICS bloc of developing economies, the latest in a dramatic shift in foreign and economic policy by Argentina’s new far-right populist President Javier Milei. In a letter addressed to the leaders of Brazil, Russia, India, China and South Africa — all members […]