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The five member states are likely to finalise the structure for a BRICS development bank at the Summit this March.
GDP will grow in Brazil but analysts say they need to focus on lowering inflation rates in 2013.
Russian Foreign Minister Sergei Lavrov urges the West to lift sanctions against Myanmar.
A new report has suggested that the Russian economy will grow despite turbulence in the global economy.
The Ministry of Commerce says EU probes into Chinese steel products are "unreasonable".
A new document has been released today in Beijing outlining plans to survey the disputed Diaoyu Islands.
Sheikh Hasina, the Prime Minister of Bangladesh is visting Moscow to improve bilateral relations.
South African President Jacob Zuma says mining companies must become socially responsible.
Economist and Nobel laureate Joseph Stiglitz says India should not replicate US capitalism.
A gold mine accident in northeast China has killed nine and injured 28 more.