Topic: BRIC

Chairman of Goldman Sachs Asset Management Jim O’Neill is among candidates in the running to replace Bank of England governor Mervyn King who leaves in June 2013, the Sunday Times reported, without citing where it got the information.

Leading world economies on Friday pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis.

The International Monetary Fund's bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash.

The long-term case for investing in emerging-markets is based on growing worldwide demand for commodities and the expansion of an enormous new middle class in those countries.

Strong domestic fundamentals in the BRICs and other countries  are likely to drive equity prices.

The BRICS group of emerging market nations will look at ways of pressuring the West to redress global economic imbalances amid growing frustration at the pace of change in institutions such as the IMF at a meeting in Delhi on Thursday.

Forget the U.S., E.U. and Japan. Look to Eastern Europe, Latin America, and the Asia-Pacific region for stable sources of income.

China intends to extend renminbi loans to other Brics nations, in another step towards the internationalization of its currency. The FT reports.

The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job.

Officials from top emerging market countries will discuss fledgling plans to set up a multilateral bank to fund projects in developing nations during upcoming Group of 20 meetings, a senior Brazilian government official said on Thursday.

Investors turning to the still-expanding BRIC economies of Brazil, Russia, India and China should be aware that these countries remain exposed to risks – including internal conflict and the impact of climate change – which could undermine their potential for attractive returns, a new report by global analysts Maplecroft warned on Monday.

Global hedge fund assets are off to a fairly good start this year, with a total of $2.01 trillion in assets under management, and a global median up 1.52 percent since January 1 — according to Deutsche Bank's Monthly Hedge Fund Trends Report February 2012.

The Russia Forum, held in Moscow each February, brings together politicians and business leaders to discuss investing in this vast resource-rich country.

While the January rally in U.S. stocks may have looked good, investors would have found even more to like in foreign markets—especially in emerging economies.