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The bloc has reached consensus on dealing with reforms at existing institutions like the IMF, asserted the Chinese foreign minister.
US and South Korean analysts agree that Kim Jong Un is likely testing Washington’s resolve.
"We have made an important step to energy independence," Israeli Prime Minister Benjamin Netanyahu said.
Factories will be permitted to import a maximum of 1 billion cubic feet a day, says Egypt's oil minister.
China has been Africa's largest trading partner since 2009.
Apart from BRICS, there is no other such representative format in the world that serve as a platform for working out global approaches to international problems.
Gallup says poll results show the UN has taken a less prominent role in US foreign policy than in the past.
There are fears that policy actions in Europe, Japan and the US could "produce negative spillover effects".