BRIC summit ends, effort for world economy boom continues

The first summit of BRICs (Brazil, Russia, India and China) ended on Tuesday in Yekaterinburg with robust consensus on more joint efforts to revive the world economy.

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BRIC summit calls for diversified global monetary system Jun 17, 2009 2:53PM

BRIC nations (Brazil, Russia, India and China) called for a more diversified global monetary system, but apparently failed to reach consensus Tuesday on reducing the dominance of the U.S. dollar. Read more

BRIC meeting Hurts Dollar Jun 17, 2009 5:23AM

U.S. Dollar Trading (USD) was very strong in Asia as the Nikkei slumped from the opening following the negative lead from America. Read more

BRIC to be world's largest economy in 20 years Jun 16, 2009 4:36PM

The leaders of the world's biggest emerging powers, Brazil, Russia, India and China meet this week for their first formal summit, seeking ways to reshape the global financial system after the worst economic crisis in decades. Read more

BRIC demands more clout, steers clear of dollar talk Jun 16, 2009 1:00PM

The leaders of the world's biggest emerging markets demanded a greater say in the global financial system on Tuesday at their first summit, but steered clear of any assault on the U.S. dollar's dominance. Read more

BRIC draft communique does not mention dollar: sources Jun 16, 2009 12:32PM

The draft communique of Brazil, Russia, India and China does not mention the role of U.S. dollar or a supranational reserve currency, sources with knowledge of the document told Reuters on Tuesday. Read more

Russia to urge caution on reserve FX at BRIC summit Jun 16, 2009 5:48AM

Russia will advocate a cautious approach to changing the system of global reserve currencies when the world's biggest emerging economies hold their first formal summit on Tuesday, the Kremlin's top economic aide said. Read more

Russia hosts first BRIC summit, India-Pakistan meet Jun 15, 2009 8:39PM

The world's biggest emerging market powers will seek to craft a united front on repairing the global financial system when they meet for the first formal BRIC summit on Tuesday. Read more

BRIC seeks global voice at first summit Jun 15, 2009 1:48AM

The leaders of the world's biggest emerging markets -- Brazil, Russia, India and China -- meet in the coming week for their first formal summit, seeking a louder voice on the global stage. Read more

BRICs won't mull new reserve currencies: Kremlin Jun 14, 2009 1:08PM

Leaders of Russia, China, India and Brazil do not intend to discuss new global reserve currencies at their first summit in the Urals city of Yekaterinburg on Monday, a top Kremlin aide said on Sunday. Read more