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it's the fourth annual brics summit that's going on here and via the emerging economies brazil russia india china and the newest member south africa will be meeting here the leaders of those countries for the next two days russian president dmitry medvedev landed here and early this morning bilateral meeting on the sidelines of the brick summit the russian president and president hu were discussing syria leaders have said that they back kofi annan plan for a cease fire in syria but both leaders have said that they don't want president assad to step down which is something that western powers have been saying another country that the two of them have been talking about is iran both countries have repeatedly said russia and china that they are against think sions on iran day believe that iran is developing a peaceful nuclear program obviously there are a lot of things to talk about between china and russia one of the key things being trade in recent years china has asserted itself as russia's biggest foreign trading partner actually last year trade between china and russia increased by
it's the fourth annual brics summit that's going on here and via the emerging economies brazil russia india china and the newest member south africa will be meeting here the leaders of those countries for the next two days russian president dmitry medvedev landed here and early this morning bilateral meeting on the sidelines of the brick summit the russian president and president hu were discussing syria leaders have said that they back kofi annan plan for a cease fire in syria but both leaders...
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was the five member bloc of brics nations take on the dollar in euro in their bid to reform the global economy by creating an alternative to the international monetary fund. one pm in moscow i met très i can tell you with us here on r t our top story tens of thousands of people across spain gathering for a general strike to protest against new labor reforms it's the first real test for the new prime minister mariano rajoy who's government has only been in office for three months and the strike comes a day before he's expected to announce more painful austerity measures for more on this correspondent jake agrees live for us in madrid they could what's happening there right now one of the reasons behind this strike. we've seen some people already breaking through into the main square just behind me a small but very cool and old a nice contingent. around the country. this is day with tens of thousands of people expect to descend on the streets voicing their anger i made this day of general strike and all the main reasons for the grievance and that's a cry out cry is simple facts of the fi
was the five member bloc of brics nations take on the dollar in euro in their bid to reform the global economy by creating an alternative to the international monetary fund. one pm in moscow i met très i can tell you with us here on r t our top story tens of thousands of people across spain gathering for a general strike to protest against new labor reforms it's the first real test for the new prime minister mariano rajoy who's government has only been in office for three months and the strike...
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dollar all these bric countries are accumulating enormous dollar reserves the dollar is going to lose a lot of value and so that means these bric nations are going to lose a lot in the real value of those reserves a lot of these bric nations are running trade surpluses with the united states but of course the united states is not a position to actually pay for these products so they're pretty traditional trading and vendor financing and these are real problems and the world needs to wean itself off of this vendor financing scheme and needs to find a way to get out from under the dollar as the reserve currency and now they're expected to sign an agreement allowing them to extend credit to each other and their own local currency do you see this as a step toward replacing the dollar. it's a step i mean it's certainly a movement towards that direction and the more other other nations begin to invoice each other in their own currencies in trade bilaterally in their own currencies and not try to do everything through the u.s. dollar less dependent they become on the dollar and the more vuln
dollar all these bric countries are accumulating enormous dollar reserves the dollar is going to lose a lot of value and so that means these bric nations are going to lose a lot in the real value of those reserves a lot of these bric nations are running trade surpluses with the united states but of course the united states is not a position to actually pay for these products so they're pretty traditional trading and vendor financing and these are real problems and the world needs to wean itself...
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space and european union countries the brics countries have been busy this year not just in guarding against the impact of europe's financial crisis moving away from the dollar as a reserve currency to a brics driven one is also still firmly on the agenda it would become a goody goody good good experience and a good. push to challenge the. euro it is just breaking up of this summit will be hoping to advance further the economic interests of the brics group further loosening reliance on western dominated global economic architecture preassure either r t new delhi india. well control of the world bank looks to be heading to an american candidate while the i.m.f. is already in the hands of a european but channel strong zoo from the bank of china believes these institutions have outlived their usefulness anyway and maine and new ones are needed i think they're working on the i'm out in terms of a position the influence of the finest sons of money and their influence has been reduced the significant today in a positive decades particularly in the past a one decade taken off her asian from
space and european union countries the brics countries have been busy this year not just in guarding against the impact of europe's financial crisis moving away from the dollar as a reserve currency to a brics driven one is also still firmly on the agenda it would become a goody goody good good experience and a good. push to challenge the. euro it is just breaking up of this summit will be hoping to advance further the economic interests of the brics group further loosening reliance on western...
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union country five very different nations five vastly different economies all coming together to labor brics to a new global economic future longer the dollar might not be high and mighty will give you a preview of the great summit in india. and if you're wondering why you haven't heard much about this historic meeting it's probably because you've been watching the mainstream media but in the stations where profits speak how blind something's been lost in the static viewership or explain. are you repeating the wrong or you're beating your. c.v. around with the wrong people these channels do better when there's a crisis and. these days it seems the mantra is the bigger the crisis the better the ratings even if this means suppressing facts and censoring unpopular opinions in the process or introduce you to a woman who says her reporting on syria is being rejected for that reason. it's wednesday march twenty eighth seven pm here in washington d.c. i'm liz wahl and you're watching artsy. well it's a group of countries banding together in a troubled the world economy they've been coined the brics
union country five very different nations five vastly different economies all coming together to labor brics to a new global economic future longer the dollar might not be high and mighty will give you a preview of the great summit in india. and if you're wondering why you haven't heard much about this historic meeting it's probably because you've been watching the mainstream media but in the stations where profits speak how blind something's been lost in the static viewership or explain. are...
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for this is a new tradition of creating political leaders believe that of brics bank could merge the growing up going on a power between these countries into with don't realize this doubtless myth they also believe that it could serve as an alternative to what they're in lead by mantle institutions like the international monetary fund and the world bank certainly. hopes to be able to or to remove the overall predominance of the institution by the united states and european union countries the brics countries have been busy this year not just in guarding against the impact of europe's financial crisis moving away from the dollar as a reserve currency to a brit striven one is also still firmly on the agenda it would become a goody goody good because currency good be. good. it is just breaking new york of this the summit will be hoping to advance further the economic interests of the brics group further loosening reliance on western germany to global economic architecture preassure either r t new delhi india. well it's now get some insight from beijing from killed trying editor in chief
for this is a new tradition of creating political leaders believe that of brics bank could merge the growing up going on a power between these countries into with don't realize this doubtless myth they also believe that it could serve as an alternative to what they're in lead by mantle institutions like the international monetary fund and the world bank certainly. hopes to be able to or to remove the overall predominance of the institution by the united states and european union countries the...
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this is an important sort of stepping stone for the brics nations coming into their own in the. international arena and specifically the realm of global governance now the question is whether or not these become alternatives or simply reforms to the system of global governance already being evolved for example a lot of the reforms that talking about new global reserve currency these have been in the plans western elites and institutions for decades even timothy geithner the u.s. treasury secretary in two thousand and nine said that they're open to the idea of a global reserve currency but that this process has to be evolutionary now the i.m.f. has its special drawing rights s.t.r. as which are being set up to be a global reserve currency the g twenty decided that in two thousand and nine and of course the brics nations are already members of. the bank for international settlements which is the highest institution of global governance in the world today it's sort of the central bank to the world sectional bankers so if a new currency system comes up it's likely to be through the
this is an important sort of stepping stone for the brics nations coming into their own in the. international arena and specifically the realm of global governance now the question is whether or not these become alternatives or simply reforms to the system of global governance already being evolved for example a lot of the reforms that talking about new global reserve currency these have been in the plans western elites and institutions for decades even timothy geithner the u.s. treasury...
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the move makes the brics matter. these are countries that together make up 40% of the total world economy, that's equivalent to gdp worth about $80.5 trillion. almost half of all of the people in the world live in some of the brics countries. business among these brics these days is, it seems, thriving. trade among them as a trading group last year is growing about 28%. currently it stands at about $230 billion. growth is rising and is at an economical clout. mondica joins us this morning. perhaps we can another expect one in places like south africa. we have another letter add ed. >> the ministers have just finished their session. we heard from all the heads of state in the last hour. the ministers have just signed two banking agreements and these are basically agreements to extend credit to each other, to the member nations of the brics bloc in their own local currencies. this is to facilitate trade between all the five countries and trade between this block has been growing rapidly at about 28% over the last ten y
the move makes the brics matter. these are countries that together make up 40% of the total world economy, that's equivalent to gdp worth about $80.5 trillion. almost half of all of the people in the world live in some of the brics countries. business among these brics these days is, it seems, thriving. trade among them as a trading group last year is growing about 28%. currently it stands at about $230 billion. growth is rising and is at an economical clout. mondica joins us this morning....
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bric says loose monetary policy could hurt their economy. let's go live to new delhi. >> to start with, this is not a concern just brought up, this has been a long tapping concern. emerging economies like china and india did express their concerns about quantitative easing and the impact of the loose monetary policy on inflation and emerging economies. this is a grouping of countries that has pretty much been resilient through the global economic down turn. they have been affected, but not as much. very committed effort to support the imf will in its efforts to support the eu. this was a commitment made by every single country here, but they are not satisfied. russian president said the bric expressed dissatisfaction over the speed of economic and political reform. so that eat tone with regard to the reforms of the international mop taker fund or even things like the u.s. trying to impose sanctions or threatening on countries like china and i said i can't over iranian crude. all countries supporting the position that they will not be dictate
bric says loose monetary policy could hurt their economy. let's go live to new delhi. >> to start with, this is not a concern just brought up, this has been a long tapping concern. emerging economies like china and india did express their concerns about quantitative easing and the impact of the loose monetary policy on inflation and emerging economies. this is a grouping of countries that has pretty much been resilient through the global economic down turn. they have been affected, but...
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plus the five member bloc of the brics countries take on the almighty dollar enduro individual for the global economy by creating an alternative to the i.m.f. . eight am in moscow i met reza good to have you with us here on our team our top story tens of thousands across spain gathering for a general strike to protest against new labor reforms seen as the first real test for the new prime minister mariano rajoy who's government has only been in office three months the strike comes a day before he's expected to announce more painful austerity measures artie's chaika greaves has bore from madrid. this is just a precursor of what we're expecting to see taking place later on thursday when tens of thousands of people thought to be descending where essentially we're during mission action a story right in the cases across the. country all part of a chance right now to those so limited transport links so we have heard the saying go oh yes they will the prince who complains of. the labels and said by the government they think they support the boy or they don't really protect the rights of the w
plus the five member bloc of the brics countries take on the almighty dollar enduro individual for the global economy by creating an alternative to the i.m.f. . eight am in moscow i met reza good to have you with us here on our team our top story tens of thousands across spain gathering for a general strike to protest against new labor reforms seen as the first real test for the new prime minister mariano rajoy who's government has only been in office three months the strike comes a day before...
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summit the fifth annual brics summit twenty thirteen in south africa. thank you so much for keeping us updated over there that was our t. correspondent priya sridhar. we here at r.t. have been reporting a lot about the threat of cyber attacks in the u.s. u.s. representative mike rogers even have this to say about it. is on its way. we will suffer a catastrophic cyber attack the clock is ticking. now the f.b.i. top cyber cop is reiterating how big that cyber threat actually is at a press conference yesterday the cyber expert said companies need to radically change their computer networks to avoid national security and economic graphs now this comes after dozens of high profile attacks by so-called hacktivists websites from the department of justice to sony have been targeted but it's not just hacked that best the u.s. is worried about a computer security company said that ninety four percent of the attacks done by chinese hackers were noticed until a year after the information was stolen so just how serious is the cyber threat here to talk more about thi
summit the fifth annual brics summit twenty thirteen in south africa. thank you so much for keeping us updated over there that was our t. correspondent priya sridhar. we here at r.t. have been reporting a lot about the threat of cyber attacks in the u.s. u.s. representative mike rogers even have this to say about it. is on its way. we will suffer a catastrophic cyber attack the clock is ticking. now the f.b.i. top cyber cop is reiterating how big that cyber threat actually is at a press...
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with you one of the priorities for brics for the years to come. should be the strengthening of the u.n. security council in maintaining is your national peace and security and also ensuring that the u.n. is not used as a cover for regime change and unilateral actions to resolve conflicts situations with him. and that's exactly what the indian prime minister expressed as well and the south african leader all five leaders have been talking about reforming the united nations a very strong sentiment here in delhi. and one of the other international issues on the table at this meeting. as i mentioned that you know there's been a lot of talk about syria and the position of these countries on syria they don't they obviously don't want violence to be happening in syria they want as a ceasefire there is also a little bit of talk about iran and same things on iran most of these countries are obviously against think she's on iran they don't believe that this kind of pressure is really going to solve anything but the biggest talk here the biggest point of the
with you one of the priorities for brics for the years to come. should be the strengthening of the u.n. security council in maintaining is your national peace and security and also ensuring that the u.n. is not used as a cover for regime change and unilateral actions to resolve conflicts situations with him. and that's exactly what the indian prime minister expressed as well and the south african leader all five leaders have been talking about reforming the united nations a very strong...
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summit the fifth annual bric summit twenty thirteen in south africa. thank you so much for keeping us updated over there that was our t. correspondent preassure either well let's return to the economy here in the united states after wall street a lot of the world toward financial collapse almost four years on millions of americans are far from recovered and the majority unsatisfied with the economic situation today and according to a survey published in the financial times two thirds of americans are unhappy with the current economic model aren't his honest aasia churkin reports from the big apple. not make. out thank god. their kids past but this rule still applies wall street they keep up it's here of america's economy. its recklessness set off a financial meltdown overweight more than just one crash we've been christian ever since fundamentally it's an attack on the rest of the world and the bankers. are leading the army traditionally a symbol of a bullish economy employ national might the statue near wall street has for many become associated with
summit the fifth annual bric summit twenty thirteen in south africa. thank you so much for keeping us updated over there that was our t. correspondent preassure either well let's return to the economy here in the united states after wall street a lot of the world toward financial collapse almost four years on millions of americans are far from recovered and the majority unsatisfied with the economic situation today and according to a survey published in the financial times two thirds of...
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the five member blocks of the brics countries are meeting in delhi today to discuss an alternative to the almighty euro and dollars in their bid to reform the global economy. it's a pleasure to have you with us here today i'm live in moscow tens of thousands of people across spain a gathering for a general strike to protest against new labor reforms it's being is seen as the real of first test for the new prime minister mariano rajoy whose government has only been in office for the past three months the strike comes a day before he's expected to announce yet more painful austerity measures course want to drink aggrieved now reports from. some people are already breaking through into the main square just behind me a small but very vocal and organized and engine this is something we expect to see replicated around the country later today with tens of thousands of people expect to descend on the streets voicing their anger i made this day of general shrike on the main reasons for the grievance and that's our cry out cry is the simple fact of the third austerity measures that are being im
the five member blocks of the brics countries are meeting in delhi today to discuss an alternative to the almighty euro and dollars in their bid to reform the global economy. it's a pleasure to have you with us here today i'm live in moscow tens of thousands of people across spain a gathering for a general strike to protest against new labor reforms it's being is seen as the real of first test for the new prime minister mariano rajoy whose government has only been in office for the past three...
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or there are the economic interests of the brics group further loosening reliance on western germany to global economic architecture preassure either r t new delhi india. war for most of the multiple explosions set off a massive fire in thailand is reporting on line five of these pictures. of the girl it's exploding at a factory causing a blaze that took prozac contains read dramatic footage you will see more that's in our you tube page also the mystery of the kremlin cat reports of the disappearance of president but village feline friends get the social network's poll saying where's it gone and what's up and what rushdie to take to twitter to try to find out the tales told at r t dot com. the front runner for the us republican nominations accused president of barbour of borrowing to russia and it wrongly claims of bombers foreign policy puts america's national security in danger this comes after of who was overheard assuring that we should move it of of all flexibility on arms control issues after the presidential election in november moscow was guarantees from washington that the p
or there are the economic interests of the brics group further loosening reliance on western germany to global economic architecture preassure either r t new delhi india. war for most of the multiple explosions set off a massive fire in thailand is reporting on line five of these pictures. of the girl it's exploding at a factory causing a blaze that took prozac contains read dramatic footage you will see more that's in our you tube page also the mystery of the kremlin cat reports of the...
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this the summit will be hoping to advance further of the economic interests of the brics group further loosening reliance on western germany to global economic architecture preassure either r t new delhi india. in the u.s. occupy wall street protesters have reemerged promising a new wave of demonstrations against corporate greed and inequality around ten minutes time people to gather his cross talk guests debate whether that successful or not is a preview. if you think all calls for justice are only being raised by socialists then i wonder why you aren't a socialist because we need more justice in our society i think you are going to. just even from your own point of view ok newsline justice. by which i also require one theory behind charles by and large putting other words in front of justice you can't use a socialist what is not socialistic about wanting to redistribute wealth nationalize various industries what is not socialistic about that well what's wrong with that idea. charles nobody except you nobody except you is raise the question of nationalization i don't think that if you
this the summit will be hoping to advance further of the economic interests of the brics group further loosening reliance on western germany to global economic architecture preassure either r t new delhi india. in the u.s. occupy wall street protesters have reemerged promising a new wave of demonstrations against corporate greed and inequality around ten minutes time people to gather his cross talk guests debate whether that successful or not is a preview. if you think all calls for justice are...
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pretty garden gnomes of the institution by the united states and the european union countries the brics countries have been busy this year not just in guarding against the impact of europe's financial crisis moving away from the dollar as a reserve currency to a brick striven one is also still firmly on the agenda that would become moody pretty good big. going to unsee it would be giving a. challenge. it is just breaking the will probably or of this the summit will be hoping to advance further in the economic interests of the brics group further loosening reliance on western dominated global economic architecture preassure either r t new delhi india kill chair i did or in chief of chinese news outlet the fourth media says that a new joint bank formed by the brics countries would dollars global dominance. reach to green diversification international ideation of the group of the mean little to receive by reappraising the guard on the scene the fuel of the market. so much here on the needy that we are again there are his story the world in terms of the new law and all through all the. nati
pretty garden gnomes of the institution by the united states and the european union countries the brics countries have been busy this year not just in guarding against the impact of europe's financial crisis moving away from the dollar as a reserve currency to a brick striven one is also still firmly on the agenda that would become moody pretty good big. going to unsee it would be giving a. challenge. it is just breaking the will probably or of this the summit will be hoping to advance further...
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in their statements to the brics summit will conclude and the russian president dmitri me. that it is expected to hold a bilateral meeting with the indian prime minister mike mullen thing like everything perhaps not hearing you tell. chang sweet scene from peking university says the diversity of the brics countries makes up for a win win relationship between them in the global economy. right now it's much too reliant on the american and european european markets and as we all know. american in europe and europe. right now are our first luggers so china for its long term economic interest is very interested in you markets around the world as well as diversifying its manufacturing sector you know the appeal of russia is all because russia is as it is a land of immense natural wealth in china it's very much in need of resources the appeal of south africa is that's a marker is really much the financial center of africa so there has for providing education weren't for chinese banks to get peace and to address about africa seems to cygnus true for brazil. so polo is really in man
in their statements to the brics summit will conclude and the russian president dmitri me. that it is expected to hold a bilateral meeting with the indian prime minister mike mullen thing like everything perhaps not hearing you tell. chang sweet scene from peking university says the diversity of the brics countries makes up for a win win relationship between them in the global economy. right now it's much too reliant on the american and european european markets and as we all know. american in...
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the five member blocks of the brics countries are meeting in delhi today to discuss an alternative to the almighty euro and dollars in their day to reform the global economy. a very warm welcome to you from all of us here at r.t. moscow rule reception for tens of thousands of people across spain are gathering for a general strike to protest against new labor reforms i hear nazi was so showing you live pictures right now it's seen as the first real test for the new prime minister mariano to who's the government has only now been in office for three months the strikes come a day before he's expected to announce more painful austerity measures according to these pictures it would appear that the austerity measures are wearing thin on the patience of people correspondent jake of greece now has more from madrid. i think the sleeves become a place there they would stick infantry but you say hold it on the right. very close. by yours are free to deficit reduction. slave labor laws of motion see hence right now they may be easier. to work. for choose their wages is it. right but twenty percen
the five member blocks of the brics countries are meeting in delhi today to discuss an alternative to the almighty euro and dollars in their day to reform the global economy. a very warm welcome to you from all of us here at r.t. moscow rule reception for tens of thousands of people across spain are gathering for a general strike to protest against new labor reforms i hear nazi was so showing you live pictures right now it's seen as the first real test for the new prime minister mariano to...
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overall predominance of the institution by the united states and the european union countries the brics countries have been busy this year not just in guarding against the impact of europe's financial crisis moving away from the dollar as a reserve currency to a brick striven line is also still firmly on the agenda and it would become a goody goody good good c c it would be good. it is just breaking the wooden pulley ork of this summit will be hoping to advance further at the economic interests of the brics group further loosening reliance on bluster and dominated global economic architecture preassure either r t new delhi india. chang'an editor in chief of chinese news out at the forth media says that a new joint bank forward on the brics countries would dent the daughters of global dominance. at birth to bring about to be birthed asian internationalized asian of the i mean look at currencies by replacing the garment armenians in the global market lummi you know so much. these are. again there are historic the cross rolled in terms of the new we all are to all. three any kind of big re
overall predominance of the institution by the united states and the european union countries the brics countries have been busy this year not just in guarding against the impact of europe's financial crisis moving away from the dollar as a reserve currency to a brick striven line is also still firmly on the agenda and it would become a goody goody good good c c it would be good. it is just breaking the wooden pulley ork of this summit will be hoping to advance further at the economic interests...
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from the five leading emerging economies brazil russia india china and south africa the brics nations meet for their annual summit the five make up forty percent of the world's population are expected to contribute almost half of all global g.d.p. growth in the next eight years and have a rapidly growing influence in international affairs the. economy. and i would be is it is it. that. we're going to go to join the geopolitics. of the word the summit this year is expected to discuss a new joint pain between the five the other brics countries are interested in getting tiniest investment in infrastructures. of their resources so obviously people of unbanked will be a very very useful buco put this kind of investment i think. is the code of the. brics stock exchange this is an order form it's a new exceeds a new tradition that clearly political leader is believe that a brick could merge the growing up in on a power between the country that with centralized establishment they also believe that it could serve as an alternative to why spirit led by nanteuil institutions like the internation
from the five leading emerging economies brazil russia india china and south africa the brics nations meet for their annual summit the five make up forty percent of the world's population are expected to contribute almost half of all global g.d.p. growth in the next eight years and have a rapidly growing influence in international affairs the. economy. and i would be is it is it. that. we're going to go to join the geopolitics. of the word the summit this year is expected to discuss a new joint...
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one of the priorities for brics for the years to come should be the strengthening of the u.n. security council and peace and security and also ensuring that the u.n. is not used as a cover for regime change and unilateral actions to resolve conflicts situations with him and that was another thing that all of these leaders talked about reforming the united nations another point that everyone was talking about was iran and how the same sions are not going to work on iran these five countries are expected in the next eight years to make up fifty percent of the global g.d.p. even earlier this year all of the brics countries were discussing potentially bailing out europe from its financial crisis one of the major things on the agenda was talking about a potential brics bathgate currency that could serve as an alternative to the american dollar or the euro today all the five leaders signed an agreement to actually give out loans in their local currencies which is another move that they're thinking about moving away. from the dollar and moving away from the euro another huge thing on
one of the priorities for brics for the years to come should be the strengthening of the u.n. security council and peace and security and also ensuring that the u.n. is not used as a cover for regime change and unilateral actions to resolve conflicts situations with him and that was another thing that all of these leaders talked about reforming the united nations another point that everyone was talking about was iran and how the same sions are not going to work on iran these five countries are...
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so it seems that in all those brics banks and trading in each. dollar all these three fact those certainly makes it very viable. unity for all the five nations so yes the bank. five countries already years of having on having a bank among themselves. you mentioned the aim of getting crazy control getting greater control in the international monetary fund the i.m.f. well that doesn't seem very possible does it when we see a european candidate of course will be heading that and the world bank also looks set to have an american in charge and nobody from those brics countries will be part of for those brics nations to really focus on getting one of their own into such a powerful position in those organizations run actually thinking up new and untested institutions. see. declination that has been a mention of i.m.f. which was not there in china declaration saying that all these big bricks can break countries wants to have a greater say in reform saw going forward b.p. would see. on an international level these five countries playing a role or united r
so it seems that in all those brics banks and trading in each. dollar all these three fact those certainly makes it very viable. unity for all the five nations so yes the bank. five countries already years of having on having a bank among themselves. you mentioned the aim of getting crazy control getting greater control in the international monetary fund the i.m.f. well that doesn't seem very possible does it when we see a european candidate of course will be heading that and the world bank...
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from the five leading emerging economies brazil russia india china and south africa the brics nations need for their annual summit the five make up forty percent of the world's population are expected to contribute almost half of all global g.d.p. growth in the next eight years and have a rapidly growing influence in international affairs the. economy grouping. and i would be it is that. we join the geopolitics. the geopolitics of the word the summit this year is expected to discuss a new joint bank between the five the other brics countries are interested in capping tiny's investment infrastructures and development of their resources so obviously a bank would be a very very useful focus kind of investment to. build these the corporate. bricks stock exchange this is not happen before this is a new new tradition the political leaders believe that a brick could merge the growing economic power between the country that with this doubtless myth they also believe that it could serve as an alternative to life there and led by mantle institutions like the international monetary fund and the
from the five leading emerging economies brazil russia india china and south africa the brics nations need for their annual summit the five make up forty percent of the world's population are expected to contribute almost half of all global g.d.p. growth in the next eight years and have a rapidly growing influence in international affairs the. economy grouping. and i would be it is that. we join the geopolitics. the geopolitics of the word the summit this year is expected to discuss a new joint...
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even earlier this year all of the brics countries were discussing potentially bailing out europe from its financial crisis one of the major things on the agenda with talking about a potential basket currency that could serve as an alternative to the american dollar or the euro today all the five leaders signed an agreement to actually give out loans in their local currencies which is another move that they're thinking about moving away from the dollar and moving away from the euro another huge thing on the agenda here in delhi was the idea of a joint rift bank could serve as an alternative to the last three legged traditional financial institutions like the international monetary fund and the world bank or authorities appreciative of life or from the bric summit twenty five percent but i do catch up with all the analysis and developments from the bric summit i just do so it taught calm some of the items i learned off you on the website there right now including a bowing to the kremlin or a voice from the past republican presidential hopeful mitt romney slams barack obama's foreign pol
even earlier this year all of the brics countries were discussing potentially bailing out europe from its financial crisis one of the major things on the agenda with talking about a potential basket currency that could serve as an alternative to the american dollar or the euro today all the five leaders signed an agreement to actually give out loans in their local currencies which is another move that they're thinking about moving away from the dollar and moving away from the euro another huge...
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world bank will dominate talks as five of the world's expanding economies meet on wednesday at the brics a group of nations will work out a plan of action for twenty two over the drive to boost their own growth while bringing more diversity to the global markets are teams pressured or has more doubt from india. heads of state from the five leading emerging economies brazil russia india china and south africa the brics nations meet for their annual summit the five make up forty percent of the world's population are expected to contribute almost half of all global g.d.p. growth in the next eight years and have a rapidly growing influence in international affairs. in the economy. but oh it is it is the. food but it would be to go to join the geopolitics in the geopolitics of the word the summit this year is expected to discuss a new joint being between the five other brics countries are interested in getting tiniest investment in infrastructure and. of their resources so obviously the relevant bank would be a very very useful vehicle put this kind of investment properties. bilbies the code
world bank will dominate talks as five of the world's expanding economies meet on wednesday at the brics a group of nations will work out a plan of action for twenty two over the drive to boost their own growth while bringing more diversity to the global markets are teams pressured or has more doubt from india. heads of state from the five leading emerging economies brazil russia india china and south africa the brics nations meet for their annual summit the five make up forty percent of the...
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along and internationalize its currency china reportedly is planning to extend the loans to other brics nations other countries in the blog are planning to do the same with loans in their respective currencies we'll talk about what this all means let's get to today's capital account. so the group that spot deadline was today just about an hour and a half ago now purport preliminary reports greece clear the minimum threshold to get this deal done i've seen anywhere from seventy five percent to ninety four point five percent of private creditors signed on according to reports so far now this is yet another case though the solution isn't really a solution yeah forgive the debt in order to take on more debt to deal with the problem that is too much debt none the less these are the policies they continue to be deemed solutions by leaders and speaking of super mario better known as mario draghi president of the e.c.b. was defending another one of them today in a press conference saying that the e.c.b. infusion of more than a trillion euros of cash into european banks was a success this is of
along and internationalize its currency china reportedly is planning to extend the loans to other brics nations other countries in the blog are planning to do the same with loans in their respective currencies we'll talk about what this all means let's get to today's capital account. so the group that spot deadline was today just about an hour and a half ago now purport preliminary reports greece clear the minimum threshold to get this deal done i've seen anywhere from seventy five percent to...
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one of the priorities for brics for the years to come should be the strengthening of the u.n. security council in maintaining international peace and security and also ensuring that the u.n. is not used as a cover for regime change and unilateral actions to resolve conflicts situations today all signed an agreement to actually give out loans in their local currencies which is another move if they're thinking about moving away from the dollar and moving away from the euro another huge thing was the idea of a joint bank could serve as an alternative to the western led traditional financial institutions like the international monetary fund and the world bank well known here as he spoke to dr. who's the vice dean of the school of international affairs and he believes institutions like the i.m.f. and the world bank of outlived their usefulness. the problem with wine for some kind of crumbs from the high table is that it still depends upon the morsi and the munificence of the former super powers who are now just great powers of thought the bar appointees you know multi-polar word i
one of the priorities for brics for the years to come should be the strengthening of the u.n. security council in maintaining international peace and security and also ensuring that the u.n. is not used as a cover for regime change and unilateral actions to resolve conflicts situations today all signed an agreement to actually give out loans in their local currencies which is another move if they're thinking about moving away from the dollar and moving away from the euro another huge thing was...
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well today was the annual meeting of the minds for the five countries known simply as brics the leaders of brazil russia india china and south africa together to talk about some of the ways they might be able to work together to make moves that make a difference on the global chessboard and what it's only a one day summit of these countries together make up half of the world's population and one fifth of global economic output and some of their supporters see their mission as creating a new global architecture of sorts on the docket this year a pretty unified front when it came to the subject of military intervention isn't from iran to syria the group is vehemently opposed to any outside military involvement and they also talk about the role of bricks in decisions regarding the global economy and i want to talk about some of these things with economic analysts because ali or oh hey there. this is a group that has really been able to speak in some cases with one voice on a number of issues book light a few critics of brics ask you know what is this group accomplished since its inception
well today was the annual meeting of the minds for the five countries known simply as brics the leaders of brazil russia india china and south africa together to talk about some of the ways they might be able to work together to make moves that make a difference on the global chessboard and what it's only a one day summit of these countries together make up half of the world's population and one fifth of global economic output and some of their supporters see their mission as creating a new...
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. >> the leaders of the so-called brics nations will have plenty to talk about when they gather hours from now. the policy makers from brazil, russia, and china will meet on oil sanctions and food supplies. but one idea is attracting special attention to the world's top emerging economies. despite their differences, the five nations will discuss pooling their finances in a joint development bank, which will fund projects and encourage trade between the bric countries. india is behind this idea, and it could be a fact in elevating the status of the world second tier economies. certainly watch that space. >>> while india is undoubtedly on the rise, an acute energy shortage is putting that growth currently at risk. about 40%, 1.2 billion people, still live without electricity, and most who do have power cannot rely on it 24 hours a day. the challenge for the indian government is how to build supply. if you take a look at this chart, this is how supply, energy production currently stacks up. as you see, thermal energy the lion's share, more than 65%. thermal energy includes things like co
. >> the leaders of the so-called brics nations will have plenty to talk about when they gather hours from now. the policy makers from brazil, russia, and china will meet on oil sanctions and food supplies. but one idea is attracting special attention to the world's top emerging economies. despite their differences, the five nations will discuss pooling their finances in a joint development bank, which will fund projects and encourage trade between the bric countries. india is behind this...
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Mar 29, 2012
03/12
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the bric nations getting together. >> it is a fascinating concept. we're talking took into account fourth summit of the brics starting today in new delhi. brazil, russia, china and south africa which joined last year. a big group representing 45% of the world's population. makes up 25% of the world's economy, about $13.5 trillion dollars. we know the brics and other economies have been fed up with these political and financial institutions that were developed six decades ago. i'm talking about the world bank and the i.m.f. the world bank at the moment tussing for a new president. it will likely be an american president as it alwayses that been. they are talking about setting up their own development bank to rival the asian bank. i've been looking at comments from world political analysts and they say if they can coordinate, they would be far more powerful. jim o'neill, the chairman of goldman sachs asset management, who coined the phrase doesn't believe it is possible to find common ground. what else? >> aaron talks more on the world business report.
the bric nations getting together. >> it is a fascinating concept. we're talking took into account fourth summit of the brics starting today in new delhi. brazil, russia, china and south africa which joined last year. a big group representing 45% of the world's population. makes up 25% of the world's economy, about $13.5 trillion dollars. we know the brics and other economies have been fed up with these political and financial institutions that were developed six decades ago. i'm talking...
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well i strongly welcome the idea of this regional new bric bank indeed the partner that they're looking at in south africa the development bank of southern africa is the bank that i was the c.e.o. of and built a regional plan for so these are great institutions the infrastructure banks focusing on many of the similar issues and i think cross them and sharing capital expertise across them is a great idea so the other thing of course is that the regional banks like the african development bank and some merican development bank the asian development bank the european bank for reconstruction the government also tremendous institutions as are many of the national and others but these are complementary not competitive with the world bank in so far as the world bank is the only global institution that can focus on the big global issues facing the world these regional institutions are not going to grapple with the scale of the number of countries the number of regions where the different expertise sets that are required for the global issues so i think that while they are competition for these
well i strongly welcome the idea of this regional new bric bank indeed the partner that they're looking at in south africa the development bank of southern africa is the bank that i was the c.e.o. of and built a regional plan for so these are great institutions the infrastructure banks focusing on many of the similar issues and i think cross them and sharing capital expertise across them is a great idea so the other thing of course is that the regional banks like the african development bank...
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Mar 29, 2012
03/12
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coupled with tough economic problems, they must be keeping an eye on their brics neighbors. their leaders met in new delhi on how to strengthen their business connections. one rural community in punjab is making the most of the economic boom. >> india is cashing in on its rich farmland. a bounty that is fuelling the roll revolution. two decdecades ago, this man was heavily in debt. as the economy has boomed, so does demand for his oranges. this has gotten him $300,000 a year. the money has transformed his life to his family lives in a large home and he sends his children to boarding school. they have developed a taste for the urban luxury's that you would not find in the countryside. >> i bought my wife a microwave, a washing machine, a gas oven, everything to make her life easier. >> increasingly, rural india is where the money is. it has surged ahead. rising food prices may have hit the pockets of those in the city but it has filled the wallets of people here. most indian villages are still really under developed, there are no proper roads, clean drinking water, or even en
coupled with tough economic problems, they must be keeping an eye on their brics neighbors. their leaders met in new delhi on how to strengthen their business connections. one rural community in punjab is making the most of the economic boom. >> india is cashing in on its rich farmland. a bounty that is fuelling the roll revolution. two decdecades ago, this man was heavily in debt. as the economy has boomed, so does demand for his oranges. this has gotten him $300,000 a year. the money...
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Mar 29, 2012
03/12
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can they find enough common ground given that jim o'neill, who coined the term bric? most experts believe that there is still enough common ground. having listened to this. >> there are other areas. these are five countries that have had tremendous growth in the last ticket. these are countries fully adapted. in this process, we also have new challenges and new problems that we can learn from each other. >> interesting. it will be very interesting. >> let's go from big multinational stuff to stores. h & m are doing all right. >> giving in the squeeze in consumer wallets, they're doing pretty well. in the last three months, profits up 5%. profits at $550 million. but before tax. they were slightly less than expected. here is the reason why. they have kept their discounts going for some time, for a long time now. like all retailers, they are facing a squeeze of rising prices. things like cotton and you'll have been going through the roof. in asia, rising wages. at the end of the day, they're doing pretty well. i asked one fashion expert what their secret was. he gave us
can they find enough common ground given that jim o'neill, who coined the term bric? most experts believe that there is still enough common ground. having listened to this. >> there are other areas. these are five countries that have had tremendous growth in the last ticket. these are countries fully adapted. in this process, we also have new challenges and new problems that we can learn from each other. >> interesting. it will be very interesting. >> let's go from big...
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but not by american newspapers and that's it you know it's multiple a world close cooperation with brics fighting need to encroachments which is a very very strong preoccupation of more russian borders in trying to find the police for russia in this new emerging multiple war or that and on foreign policy as you mentioned there has always promoted russia as a strong player doesn't in the international arena will that continue. absolutely even more so and that's why he all the washington elite the cold war mentality elite so not only the civilians were also in the pentagon because it was the bonus structure it beats a big problem because russia according to the script crossed the old russia was not supposed to be something like this were supposed to be of some state like a kind of huge set of three or four of washington interests and he fled russia got closer to the greeks came up they start to get the bigger it together russia start to be more forceful among the centuries and stance as well therefore jeep people ready for this strategic partnership with germany in fact germany vesting rus
but not by american newspapers and that's it you know it's multiple a world close cooperation with brics fighting need to encroachments which is a very very strong preoccupation of more russian borders in trying to find the police for russia in this new emerging multiple war or that and on foreign policy as you mentioned there has always promoted russia as a strong player doesn't in the international arena will that continue. absolutely even more so and that's why he all the washington elite...