BRICS
Russia asks Brazil to help keep sway at IMF and World Bank
Russia has asked Brazil for support in the IMF, the World Bank and the G20 group of top economies to help it counter sanctions imposed by the West since it invaded Ukraine, according to a letter seen by Reuters.
Lisbon, New Delhi expect to restart EU-India talks in May
Portugal has said it hopes to resume negotiations on trade and investment between the EU and India at a summit between EU leaders and India's Prime Minister Narendra Modi in Porto on 8 May.
Commission wants to ‘explore options’ for India trade, investment
The European Commission said on Thursday (18 February) that it wants to "explore options" for expanding the EU’s trade and investment with India, notably ahead of the summit scheduled for May in Porto as part of Portugal's presidency of the Council of the EU.
Is the EU-Mercosur deal being highjacked by premature criticism?
Almost a month ago, the European Commission signed a free trade agreement with the South American trade alliance Mercosur (Argentina, Brazil, Paraguay and Uruguay). Since then, criticism has hailed, and not only from protectionists. EURACTIV Germany reports.
EU-Mercosur deal divides both sides of the Atlantic
Ten days ago, the EU and four Mercosur countries signed a free trade agreement that will cover a market of 780 million consumers. However, diverging opinions on both sides of the Atlantic remain. EURACTIV's partner, Euroefe reports.
CETA and Mercosur meat quotas expose France’s double standards
While France is challenging the meat quotas provided for in the EU-Mercosur trade agreement, it plans to ratify the EU-Canada free trade agreement (CETA), which has been criticised by French beef producers. EURACTIV France reports.
EU-Brazil trade should be more sustainable, 600 scientists say
In an open letter, 600 European scientists and 300 indigenous groups are calling for the EU to insist on the respect for environmental and human rights standards in its current trade negotiations with Brazil. EURACTIV Germany reports.
At BRICS summit, China’s Xi urges resistance to protectionism
President Xi Jinping told an international summit today (5 September) that although the global economy had improved, risk factors had also increased.
EU says Brazil must ‘restore trust’ in meat exports
The European Union's health Commissioner said on Monday (27 March) that Brazil will have to "restore trust" in its meat exports after being hit by a scandal over expired meat being passed off as fresh.
Putin hosts BRICS summit amidst standoff with the West
Russian President Vladimir Putin is to meet world leaders today (8 July) including China's Xi Jingping and India's Narendra Modi ahead of the start of a summit of the BRICS emerging economies.
BRICS launch ‘New Development Bank’
Leaders of the BRICS emerging market nations launched a $100 billion (€73.5 billion) development bank and a currency reserve pool yesterday (15 July) in their first concrete step toward reshaping the Western-dominated international financial system.
BRICS bank project struggles with ‘difficulties’
The BRICS bloc of large, emerging economies has agreed on the structure of a proposed development bank with $50 billion (€37.8 billion) in capital, but ironing out "difficult" details may take months, Russian Deputy Finance Minister Sergei Storchak said.
BRICS countries dump the euro, establish bank
The grouping of the emerging economies – Brazil, Russia, India, China and South Africa (BRICS) – are cutting their foreign currency reserves in euro, having sold €45 billion of the currency in 2012, according to data gathered by the International Monetary Fund.
BRICS offer help to euro zone with strings attached
Major emerging nations yesterday (22 September) said they may lend money to the International Monetary Fund or other global financial bodies to increase their firepower for fighting financial crises, but they could ask for more voting powers in the IMF.