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China Q2 GDP grows 6.9%, beats forecasts

China Q2 GDP grows 6.9%, beats forecasts

Retail sales rose 11.0 percent in June from a year earlier, the fastest pace since December 2015.

Brazil’s Senate approves contested labour reform bill

Brazil’s Senate approves contested labour reform bill

The bill allows more temporary work contracts and outsourcing, eliminating mandatory union dues, in effect weakening workers' rights.

Two-thirds of BRICS bank funds to finance sustainable infrastructure projects

Two-thirds of BRICS bank funds to finance sustainable infrastructure projects

The NDB was created in July 2014 with initial authorised capital of $100 billion.

Russia extends counter sanctions until end of 2018

Russia extends counter sanctions until end of 2018

Russia had banned food imports from countries that had tried to punish Moscow with sanctions.

SA current account deficit widens to 2.1% of GDP

SA current account deficit widens to 2.1% of GDP

The drop in consumer confidence after the ratings downgrade is bad for the economy as it reduces domestic demand.

China: Forum urges greater BRICS cooperation

China: Forum urges greater BRICS cooperation

The forum called on NGOs BRICS NGOs to reduce poverty and focusing on health and environmental protection.

India leads global growth in OECD report

India leads global growth in OECD report

BRICS' Russia and Brazil will in 2017 emerge from weak growth and head strong into 2018, the report says.

In South Africa, politics weaken GDP growth, but some still optimistic

In South Africa, politics weaken GDP growth, but some still optimistic

South Africa's economy grew by 1% year on year in Q1 2017, but contracted by 0.7% quarter on quarter.

Agreements worth over $35 bn inked during economic summit: Russia

Agreements worth over $35 bn inked during economic summit: Russia

SPIEF is an annual Kremlin-run, high-profile gathering of business and political figures.

India’s GDP growth slumps

India’s GDP growth slumps

Experts believe the central bank will keep interest rates at 6.25 per cent despite the latest economic data.