"The use of local currency is, therefore, one strategic option," said the NDB president. "By promoting transactions in local currencies, we also facilitate investment growth, helping governments and the private sector overcome the cash flow mismatch between projects and financing. This approach provi...
SHANGHAI, July 7 (Xinhua) -- Since its establishment eight years ago, the Shanghai-based New Development Bank (NDB) has gone through "an incredible journey" and will continue to deepen local currency and climate financing, said Leslie Maasdorp, vice president and chief financial officer of the...
China and Brazil have recently reached a broad-based bilateral currency deal where each country accepts the currency of the other in trade. Meanwhile, there’s a growing strategic relationship between China and Russia as the two superpowers jointly confront the United States. In the trading relatio...
(2005). New sources of FDI: The BRICs: Outward FDI from Brazil, Russia, India and China. Journal of World Investment and Trade, 6 (Oct), 639–709.Sauvant, K. P. (2005) `New Sources of FDI: The BRICs', Journal of World Investment and Trade, October: 639-710....
While successful in some respects, this trend has created greater economic inequality, while socializing many of the risks and amplifying certain shocks (e.g. the financial crisis of 2008) and increasing the frequency and severity of economic, especially financial and currency, crises (Polanyi-...
Currency: 1 New Zealand dollar NZ$ = 100 cents Religion: 48.6% no religion, 37.3% Christians Timezones: 2 National Symbols: Silver fern (plant), kiwi (bird), black, white and red (colours) National Holidays: 6 February (Waitangi Day) and 25 April (Anzac Day) ...
The Shanghai-headquartered bank, established by Brazil, Russia, India, China and South Africa (BRICS) in 2015, is aimed at mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging economies. Dilma Rousseff, a well-known Brazilian politician and economist...
In July 2016, about one year after starting operations, the bank made its inaugural bond issuance -- a green financial bond denominated in the Chinese currency renminbi (RMB) or yuan, worth of 3 billion yuan (449 million dollars). It was sold in China's Interbank Bond Market. ...
Brazil, Russia, India, and China (BRIC) are the main countries of origin of issuers, and stock exchanges in the United States, the United Kingdom, and Luxembourg are the main destinations involved in the process. We use a comprehensive data set for these home and host markets for the end...
With the added members, the enlarged group will have the heft to be able to trade in currencies other than the dollar. Thealliance, currently comprising Brazil, Russia, India, China, and South Africa, has invited Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates ...