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Meanwhile, ISIL forces continued their campaign to capture Ramadi, the capital of Anbar province,
BRICS representatives had reached agreement on launching the bank ahead of their leaders' summit in July.
Russia's president said he wants to restore relations with Kiev and help Ukraine emerge from economic crisis.
The IMF team has been invited by the Indian Ministry to look at the new dramatic revision of India’s GDP calculation method
But the IEA says that prices are unlikely to stabilize before the end of the year.
Chinese investment into foreign countries surged 29.6% to $25.79 billion in the first quarter.
China and SouthAfrican Foreign Ministers discussed preparations for the establishment of the BRICS Bank.
It makes sense to invest in Russia and Brazil, says HSBC emerging markets specialist.
China promised to “streamline administration and mandate more powers to lower-level governments" to vitalize markets.
