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BRICS

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  • Pros: Don’t Pin Recovery Bets on BRICs Thursday, 28 Jul 2011 | 2:07 PM ET

    With Brazil's stock market trading in bear territory, is the global growth engine - otherwise known as the BRIC nations - starting to sputter out?

  • Golden Sule Pagoda, Rangoon, Myanmar

    Myanmar's kyat currency has appreciated 20 percent in the past year, squeezing traders and exporters who are struggling to break even as inflation pushes up costs and the new government does nothing to tame the currency's rise.

  • Heavy morning traffic, Thamrin Street, Jakarta, Indonesia

    Foreign direct investment in Indonesia surged 21 percent in the second quarter of 2011 from a year earlier, as strong commodity prices attracted investors into the mining sector in the world's top exporter of thermal coal and tin.

  • Global Economy Comes Back To Haunt Developed Nations Monday, 20 Jun 2011 | 10:00 AM ET
    Trade

    A funny thing happened on the road to globalization.  It became a two-way street, not a one-way trade superhighway for the developed economies.

  • Brazilians Take Up Slack in Luxury Yacht Market Monday, 20 Jun 2011 | 1:41 AM ET

    Ferretti, the Italian luxury yacht builder, is turning to the new super rich of Brazil as sales have slumped to its traditional ‘old economy’ customers in the marinas of the Mediterranean, the FT reports.

  • Russian President Dmitry Medvedev

    As the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Medvedev outline his vision for attracting foreign investment into the resource-rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership will finally deliver on its promises to create a more business friendly environment.

  • Medvedev Rules Out Poll Tussle with Putin Monday, 20 Jun 2011 | 12:40 AM ET
    Russian President Dmitry Medvedev

    Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.

  • Is Indonesia the Next Brazil? Monday, 13 Jun 2011 | 1:44 AM ET

    Indonesia’s low debt levels and strong growth potential has made the country a choice destination for investors, prompting financial firms like Deutsche Bank to compare the economy to Brazil’s in the 1990s.

  • Europe Should Not Control the IMF Wednesday, 25 May 2011 | 12:11 AM ET
    International Monetary Fund chief Dominique Strauss-Kahn appears in federal court May 16, 2011 in New York City.

    Dominique Strauss-Kahn, the French erstwhile managing director of the International Monetary Fund, had not even resigned before Europeans started to coalesce around Christine Lagarde, the French finance minister, as his successor.  Gone are past promises of an open selection. The Europeans insist on the principle that what we have we hold. The ancien régime survives.

  • With little to excite buyers, the Fast pros are starting to worry about a different dynamic dominating the market.

  • Russia: Undervalued BRIC or Major Risk? Tuesday, 17 May 2011 | 12:36 AM ET
    Russia

    Following huge losses for the Russian market in 2008, investors have eyed stocks in Moscow skeptically and refused to give them the same rating as those in other BRIC members, Brazil, India and China according to Roland Nash, the chief investment strategist at Verno Capital.

  • BRICS Building Currency Powers Tuesday, 19 Apr 2011 | 12:12 PM ET

    The market hasn't realized the significance for the dollar of last week's meeting of Brazil, Russia, India, China and South Africa, this analyst says.

  • Singapore Dollar Sings, Euro Sags Thursday, 14 Apr 2011 | 9:39 AM ET

    The Singapore dollar is on a roll from high inflation, but sovereign debt worries are pulling on the euro — it's time for your FX Fix.

  • Euro is Airborne, But Yen is Slipping Again Wednesday, 13 Apr 2011 | 9:35 AM ET

    The euro is hitting new highs, a group of developing countries are tired of the dollar, and the yen is having another bad day — it's time for your FX Fix.

  • Brazil's "economic miracle" is alive and well despite growing concern that the Latin American powerhouse is in danger of overheating, the managing partner of Brazilian investment bank BTG Pactual said Monday.

  • Warning Signs Over Crony Capitalism in India Monday, 21 Mar 2011 | 9:13 PM ET
    Mumbai, India

    India and Russia are accustomed to being bracketed together as two of the world’s most promising high growth markets. But is there more to it than just being adjacent initials in the fabled BRICs acronym? Foreign investors are not alone in worrying this might be the case. The Financial Times reports.

  • BRIC Abstention on 'No-Fly Zone' Sets Tone: Analysts Monday, 21 Mar 2011 | 6:16 PM ET
    An RAF Tornado GR4 aircraft is prepared for launch, the first UK air combat mission in support of UN Resolution 1973, at RAF Marham on March 19, 2011 in Norfolk, England.

    Analysts are warning that the decision of the BRIC nations not to support the no-fly zone in Libya is an indication that in years to come Gaddafi-like dictators will find it easier to wage war on their people without external intervention.

  • US Warns Russia Over Investor Risk Friday, 11 Mar 2011 | 1:59 AM ET
    Vice President Joe Biden

    The US vice-president has warned Russia it risks scaring away investors unless it moves to strengthen the rule of law and introduce political reforms.

  • Big World For Investors Monday, 24 Jan 2011 | 11:42 AM ET
    Davos skyline at night

    Government policymakers in Davos this week looking to revive growth might want to emulate global mutual-fund managers, who are having no trouble finding growth stories across the developing world and in pockets of developed markets.

  • Europe, Don't Waste a Good Crisis: Jim O'Neill Tuesday, 18 Jan 2011 | 5:27 AM ET
    eu us summit 2010 lisbon

    "For us to expect the kind of clarity of purpose and consistency that you'd get from the US on something like this, you’re not going to get it," Jim O'Neill, Chairman of Goldman Sachs Asset Management, told CNBC.