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Russia, China Deepen Stock Exchange Ties
Russia’s largest exchange group the Moscow Exchange (MOEX) and the China Financial Futures Exchange (CFFEX) signed an Memorandum of Understanding (MoU) on Thursday that will help further develop financial ties between the countries. The MoU signed by both exchanges aims to strengthen the bilateral partnership and facilitate the development of both parties through information sharing, reciprocal … Continue reading
BRICS Launch New $100 Billion Bank, Sign Agreement On $100 Billion Currency Reserve Pool
The BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — have launched their $100 billion New Development Bank (NDB) — also known as the BRICS bank — and have signed an agreement on their $100 billion currency reserve pool — also known as the Contingent Reserve Arrangement (CRA) — ahead of the summit of SCO and BRICS being held in the Russian … Continue reading
BRICs Should Move To Single Market, Create Tools For Global Economic Control, Chinese Official Says
The BRICs grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — should move toward a single trade and economic market, in addition to creating and promoting projects and tools for global economy control, Zhang Dejiang, the Chairman of the Standing Committee of China’s National People’s Congress (NPC), said during the first-ever BRICs Parliamentary Forum … Continue reading
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