Former European Central Bank chief Jean-Claude Trichet gives an exclusive interview to RT focusing on the growing global role of the five major emerging economies known as BRICS.
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On a wide range of economic pointers, Southeast Asia is gaining fast For 15 years, since the Asian Financial Crisis of 1997 and 1998, the young tigers of Southeast Asia have been looked upon with suspicion by most investors while they struggled to rebuild their foreign currency reserves, signed currency swaps, strengthened their banking systems and made other reforms. In …
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(Reuters) – China is planning to extend renminbi loans to other major emerging BRIC countries, in another step toward the expansion of the yuan’s role in foreign exchange, the Financial Times reported on Wednesday. The China Development Bank (CDB) will sign a memorandum of understanding at a meeting with its BRICs counterparts – Russia, South Africa, Brazil and India – in New Delhi on …
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