Fri Apr 16, 2010 12:16 GMT |
Brazil has just hosted the second annual BRIC (Brazil, Russia, India, China) summit on April 15-16, but I think there are good reasons to doubt how much strength this grouping actually has in terms of changing the world – at least in a collective fashion. Below, I list some thoughts about BRICs as a concept:… [Read more]
Tags: Brazil, BRICs, China, financial reform, geopolitical power, IMF, India, influence, rebalancing, reserve currency, Russia, summit, World Bank
Posted in: Africa, Asia, China, Commodities, Currencies, Emerging Europe, FDI, Financials, General, Geopolitics, Latin America, Political Risk, US
Thu May 21, 2009 15:20 GMT |
During Brazilian President Lula’s recent visit to China, the leaders of the two countries have been discussing, among other things, the prospects of abandoning the US dollar in bilateral trade operations. This would mean that Chinese importers would purchase Brazilian goods in Chinese yuan, and vice versa. Personally, I couldn’t agree more with former Brazilian… [Read more]
Tags: bilateral trade, Brazilian real, China, convertibility, Lula, reserve currency, yuan
Posted in: Asia, China, Currencies, General, Geopolitics, Latin America, US