BRIC

BRIC Nations Pledge to Trade in Local Currencies

Posted on April 16th, 2010 in BRIC, BricSummit, India Shares, bric summit, currency, inthenews

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The key development stemming from the BRIC (Brazil, Russia, India, China) Summit? Arguably, it’s the four’s pledge to study ways to execute trade transactions in their local currencies, instead of the dollar.

The summit in Brazil’s capital of Brazilia represented a gathering of nations likely to account for 60% of global GDP growth through 2014, Bloomberg News reported. It was the second annual gathering of the four BRIC nations.

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BRIC Nations Pledge to Trade in Local Currencies originally appeared on BloggingStocks on Fri, 16 Apr 2010 15:30:00 EST. Please see our terms for use of feeds.

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World Markets in a Nutshell

Posted on March 02nd, 2010 in BRIC, CHINA, India Shares, World Markets, dollar, euro, featured, inthenews, oil

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Looking back to the world financial meltdown, it was the China market that led the market rallies around the world. Pretty much the rallies continued throughout 2009.

Beginning in January, markets in China and other developing countries started to sell off. The Shanghai Composite index fell below its 200-day moving average. This is the average of the preceding 200 days’ prices. The BRIC countries (Brazil, Russia, India and China) markets are trading below their 100-day moving averages.

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World Markets in a Nutshell originally appeared on BloggingStocks on Tue, 02 Mar 2010 10:20:00 EST. Please see our terms for use of feeds.

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what is the bric ?

Posted on December 27th, 2009 in BRAZIL, BRI, BRIC, Bricks, CHINA, India, Russia

It may end up sounding like a famous ball-point pen maker, but an argument is being made that Goldman Sach’s famous marketing device, the BRICs, should really be the BICs. Does Russia really deserve to be a BRIC, asks Anders Åslund, senior fellow at the Peterson Institute for International Economics, in an article for Foreign [...]

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