SCO & BRICS latest news and insights
By Rhod Mackenzie
The South African rand was slightly weaker against the US dollar, trading at 18.7, as the dollar strengthened ahead of a highly anticipated US inflation report that could provide insight into the Federal Reserve's future actions. While the US central bank is expected to begin cut...
By Prerna Gandhi
India today is the fastest-growing economy in the world, with a strong outlook of 7-8 per cent growth rates for the coming decade. Russia, despite having become the most sanctioned economy in the world, has shown uncommon resilience and returned to positive GDP growth.
Bilatera...
By Ruslan Mamedov
The Middle Eastern leaders do not consider India either as a potential counterweight to Washington or as a replacement for it; China is better suited for this role. Middle Eastern leaders are ready to develop their economic ties with India, but in spite of its size, India will no...
Amidst the ongoing Russia-Ukraine war, more countries have shifted from decades-long petrodollar, as over a fifth of global oil trade in 2023 were completed in currencies different from the U.S. dollar.
Coming at a time when operators in Nigeria are seeking ways to settle domestic oil and gas trad...
By T.N. Ninan
Continuing with last weekend’s quarter-century theme, it is instructive to look back at the long-term forecast that captured the world’s imagination early in the new century.
Famously (some would say infamously), Goldman Sachs forecast that four emerging “BRICS” economies (Brazil,...
By Rhod Mackenzie
Bloomberg believes that 2023 will be the second consecutive year of record oil production in Russia. The oil boom is evident in both the volume of oil exports and its value.
According to BCS Global Markets oil and gas analyst Ronald Smith, Russia has demonstrated greater indepe...
