SCO & BRICS latest news and insights
By Rhod Mackenzie
The upcoming leader of the new BRICS Development Bank will serve a five-year term representing Russia. Within this period, a major decision must be made which will have worldwidet reprecussions,this is regarding the creating of a financial instrument or currency. The quandary of...
By Rhod Mackenzie
The level of business activity in China picked up in September. The PMI business activity index rose from 49.7 in August to 50.2, surpassing the forecast of 50.0, this was reported by the National Bureau of Statistics of China. This rise suggests some economic growth. In addition...
By Henok Tadele Haile
When Ethiopia gained admission into the prestigious BRICS bloc, a wave of jubilation resounded across the country. This monumental event signals a coming of age for Africa’s second most populous nation on the global stage.
This modern alliance of major emerging economies pr...
By Rhod Mackenzie
According to Liu Lin, the deputy head of the investment department of the People's Bank of China (PBOC), major issuers are trying to take advantage of the interest rate differential between China and the United States, and are therefore issuing and selling as many yuan bonds as p...
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China has lifted restrictions on the export of pork from Russia introduced in 2008, the press service of Rosselkhoznadzor reported.
"The General Administration of Customs of the People's Republic of China has appr...
By Rhod Mackenzie
Russia and China began actively using the yuan in their trade in 2022. This is now undermining the US dollar's position as the world's reserve currency. This is the conclusion of a study by economists at the European Bank for Reconstruction and Development. Historically, it takes...
