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Currencies and stocks have been gaining in most of the tracked 26 emerging economies.
August 4, 2017Comments Off on Emerging markets weather crises and rise to lucrative buysRead More
In late June, Temer took to national television to appeal to the Brazilian public and claim his innocence.
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The BRICS ministers are looking at boosting cooperation of the bloc within the WTO.
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Germany's Foreign Minister Gabriel has said Washington is promoting its own export interests in the guise of anti-Russian sanctions.
August 1, 2017Comments Off on Germany fires back at US over new Russia sanctionsRead More
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.