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China has already announced an initial $40 billion Silk Road Fund in November last year.
Current FIFA president Sepp Blatter announced on Tuesday he would step down from the position this year.
Indian Central Bank Governor Raghuram Rajan said on Tuesday that India's growth rate may be weaker than headline numbers suggest.
The services sector accounts for almost half of the economy and is the biggest employer in China.
French FM Laurent Fabius reiterated Western "determination to fight the Islamic State", but acknowledged that "it is a long-term battle".
Russian Foreign Minister Sergey Lavrov on Tuesday proposed that the United Nations Security Council must probe the Islamic State’s oil empire. “I believe we need to take another step in
Indian Premier Modi was one of the first among world leaders to react to the tragedy, sending out condolences on the Chinese web platform, Weibo.
Don’t expect any major short-term gains at the Ufa BRICS Summit, but do expect the continuation (and likely the acceleration) of long-term plans, writes Adomanis.
The latest figures show India is growing faster than China, the result of a new method of calculating GDP.
Petrobras plans to begin producing oil from the Sergipe offshore area in 2018 with a 100,000-barrel-a-day floating production ship.
