The BRICs grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — should move toward a single trade and economic market, in addition to creating and promoting projects and tools for global economy control, Zhang Dejiang, the Chairman of the Standing Committee of China’s National People’s Congress (NPC), said during the first-ever BRICs Parliamentary Forum … Continue reading
The combined gross domestic product (GDP) of the BRICs grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — will exceed that of the Group of Seven (G7) member states in the next two to three years, a senior Russian official said Monday during the first-ever BRICs Parliamentary Forum in Moscow. “In 2014, … Continue reading
By Martin De Angelis A recently signed tri-lateral agreement between China, Peru and Brazil set hopes for a bi-oceanic railway corridor. If feasible, the project would significantly reduce trade costs and shipping times to China. On May 23rd, China’s Prime Minister Li Keqiang met with Peruvian President Ollanta Humala to sign the implementation of feasibility studies on a bi-oceanic … Continue reading
By Patrick L. Young A market flooding production strategy many saw as intending to kill the US-centric shale revolution, has, if anything, only made it stronger. In essence the OPEC cartel is signing its own death warrant. As always the communique suggests harmony and continuity but behind the scenes this was apparently a more fraught OPEC … Continue reading