By Rhod Mackenzie
Efforts by countries to replace the US dollar in international trade will reach a new high when BRICS nations discuss the feasibility of introducing a common currency at a summit in South Africa later this year, Chinese experts said, noting that the move can be a fresh blow again...
By Rhod Mackenzie
Egypt is seeking to shift away from the US dollar in mutual trade with several member states of the BRICS economic bloc, Egyptian Supply Minister Ali Moselhy has said.
According to Moselhy, Egypt is seeking to use local currencies to pay for its imports from India, China, and R...
By Yaroslav Lissovolik
The creation of a BRICS currency has become throughout the past year one of the headline themes related not only to BRICS, but also the global financial markets. Along with the skepticism coming from most of the pundits from the developed world there is also an enormous numb...
By Rhod Mackenzie
Whether the "grain deal" will be extended or not will not play a special role for China, after all, after the entry into force of the deal, Ukraine exported grain mainly to European countries, and Russia supplies grain to China directly, making payments in yuan, said Mei Xinyu, a...
By Rhod Mackenzie
The Saudis themselves will help Russian oilmen become the main producers of oil among the countries participating in the OPEC + agreement, voluntarily reducing its production from July 1 by a million barrels per day.
Last month, Riyadh surprised everyone with an unexpected cut,...
By Rhod Mackenzie
China's economic growth is slowing, and economists around the world are now taking a closer look at the most successful of the largest emerging markets - India and Indonesia. Back in 2009, India overtook Japan, displacing it from third place in the ranking of countries in terms o...