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BRICS stocks, currencies cheer Fed decision, EU in the red

BRICS stocks, currencies cheer Fed decision, EU in the red

Even though European markets were in the red, stocks and currencies in emerging markets cheered the US Federal Reserve’s decision to postpone a much-anticipated rate hike. BRICS currencies firmed early

BRICS communication ministers to hold summit in Moscow

BRICS communication ministers to hold summit in Moscow

Russia has urged BRICS to boost investment to end US monopoly in the information technology sector.

Brazil, Russia cabinet meeting in Moscow takes stock of ties

Brazil, Russia cabinet meeting in Moscow takes stock of ties

The two sides inked a contract for the stationing and operation of Russian SM-GLONASS automatic measuring station in Brazil.

Chinese group buys Turkish port for $940 mn

Chinese group buys Turkish port for $940 mn

Turkey is a strategic location along the "Belt and Road", an infrastructure and trade network proposed by China.

Reject calls for Syrian regime change: SA President Zuma

Reject calls for Syrian regime change: SA President Zuma

Moscow, and other BRICS capitals, had warned repeatedly against the Western arming of Syrian rebel groups fighting Assad.

Brazil announces tax hikes, spending cuts to end deficit

Brazil announces tax hikes, spending cuts to end deficit

The government plans to save 20.6 billion reais by cutting back on programs that provide sanitation, housing, technical training and broadband.

China’s state-owned companies face reforms, says Cabinet

China’s state-owned companies face reforms, says Cabinet

Analysts have long argued that SOEs made competition unfair.

China industrial output rises 6.1% in August

China industrial output rises 6.1% in August

Beijing has set its official growth target for 2015 at 7 per cent.

China-Russia Oct. expo aimed at unlocking billions of dollars in trade

China-Russia Oct. expo aimed at unlocking billions of dollars in trade

Contracts worth $3.15 billion were signed at the first China-Russia Expo.

Russia, EU reach agreement on Ukraine gas supplies: Energy Minister

Russia, EU reach agreement on Ukraine gas supplies: Energy Minister

More than a quarter of the EU’s total gas needs were met by Russian gas, and some 80% of it came via Ukrainian pipelines.