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The Asia-Pacific area is expected to beat North America as the wealthiest region in the world in a few years.
IMF Managing Director Christine Lagarde has said earlier that the real question is ‘when’ not ‘if’ the yuan qualifies.
A newly appointed BRICS Bank official has toned down the reportedly anti-west rhetoric around the bloc’s new financial instruments.
Belarus is a dialogue partner of the SCO, a China-Russia-led security bloc.
The new lender is seen by the US as posing a challenge to the establishments controlled by Washington, such as the World Bank.
British Petroleum and Russian energy giant Rosneft are inching towards a $800 million deal, a Reuters report said.
What the South African government does now will reverberate on the continent for years.
The proposed fund is stated to be the cornerstone of the European Commission's agenda to jumpstart the EU's moribund economy.
Omar al-Bashir, a sitting head of state has been indicted for genocide, war crimes and crimes against humanity by the ICC.
The CRA is meant to provide an alternative to International Monetary Fund's emergency lending.