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African Union renews talks on common currency, African monetary fund

African Union renews talks on common currency, African monetary fund

Africa aims to have a common currency by 2025 and an African Monetary Fund, the economic affairs commissioner at the AU said on Thursday.

Brazil announces new oil and gas auction

Brazil announces new oil and gas auction

A total of 266 exploration blocks will be offered in the 13th bidding round.

BRICS to formalise labour talks at Russia Summit

BRICS to formalise labour talks at Russia Summit

BRICS countries represent 40 per cent of the world’s population.

Chinese President praises Suu Kyi’s reaching out to China

Chinese President praises Suu Kyi’s reaching out to China

Suu Kyi is keen to reach out to Beijing, Myanmar's most important economic partner.

China industrial output up 6.1% yoy in May

China industrial output up 6.1% yoy in May

Premier Li Keqiang has set the nation’s 2015 expansion target at about 7 per cent.

Brazil picks its IMF envoy as BRICS Bank Vice President

Brazil picks its IMF envoy as BRICS Bank Vice President

The President and Vice Presidents of the Bank will formally be appointed during the 7the BRICS Summit in Russia in July.

Has Merkel thrown Greece a lifeline?

Has Merkel thrown Greece a lifeline?

A spokesperson for the German Chancellor says talks with Greece will intensify in the days to come.

China becomes biggest buyer of Brazilian oil

China becomes biggest buyer of Brazilian oil

China replaced the United States to become Brazil's largest trade partner in 2009.

US to send more military personnel to Iraq

US to send more military personnel to Iraq

The US will set up a new command center in Anbar to train an Iraqi force and assist in operational planning to retake the provincial capital Ramadi.

HSBC to pull down shutters on Brazil, focus on China, India

HSBC to pull down shutters on Brazil, focus on China, India

Brazil's top three private-sector lenders have placed bids for HSBC Bank Brasil Banco Múltiplo.