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Smuggling thrives in India due to high import duty

98 day(s) ago

Increasing customs duty has had little effect on import of gold, but has widened black money base, blogs Dave Levenstein

NEWS ANALYSIS: China seems to be getting the pricing balance right for natural gas

Workers carry out routine checks at a gas refinery in Suining, Sichuan province. Picture: REUTERS
98 day(s) ago

Developments show the tightrope Beijing is walking by increasing natural gas prices, writes Clyde Russel

NEWS ANALYSIS: Brics banks unlikely to unseat IMF, World Bank

Picture: REUTERS
129 day(s) ago

By creating their own multilateral financial institutions, the Brics emerging-market powers are shaking up global economic governance

EDITORIAL: Plenty of money for development

Picture: THINKSTOCK
130 day(s) ago

New development institutions are welcome, but Brics bank may be limited in the extent to which it is the answer

Brics nations form their own mini IMF

President Jacob Zuma, left, and his Brazilian counterpart Dilma Rousseff during a Brics (Brazil, Russia, India, China and South Africa) summit in Brazil on Tuesday.  Picture: GCIS
130 day(s) ago

Formation of the New Development Bank by Brics countries will help these nations pursue their ambitions

Nene certain Brics bank will not ‘overcrowd field’

Picture: THINKSTOCK
132 day(s) ago

There is no danger that a new Brics bank to fund Africa’s development will lead to an overcrowded field, says Finance Minister Nhlanhla Nene

BUSINESS DAY TV: The Brics Development Bank as a mechanism of change

Delegates from the Brazil, Russia, India, China and SA (Brics) group of countries engage in discussions at a summit in Brazil on Tuesday.  Picture: GCIS
132 day(s) ago

Martyn Davies from Frontier Advisory and Christopher Wood from the SA Institute of International Affairs look at the role of the new Brics Development Bank

Brics nations to host bank headquarters in Shanghai

(Front, left to right) Maite Nkoana-Mashabane, President Jacob Zuma and Nhlanhla Nene exhange a few words at a Brics (Brazil Russia, India, China and South Africa) summit in Brazil on Tuesday.  Picture: GCIS
133 day(s) ago

Leaders of the Brics nations agree on the structure of a $50bn development bank by granting China its headquarters and India its first rotating presidency

Co-operation will be difficult despite Brics bank, says Teneo

Picture: THINKSTOCK
133 day(s) ago

Asymmetry of contributions to Brics development bank will probably lead to the dominance of China in future decisions involving the pooled funds

Delegates from the Brazil, Russia, India, China and SA (Brics) group of countries engage in discussions at a summit in Brazil on Tuesday.  Picture: GCIS

THE CHATTER: New Brics bank needs to be more than simply anti-West

The danger for the Brics development bank is that it could be used merely as a vehicle to gain global influence, writes Chris Hart
(Front, left to right) Maite Nkoana-Mashabane, President Jacob Zuma and Nhlanhla Nene exhange a few words at a Brics (Brazil Russia, India, China and South Africa) summit in Brazil on Tuesday.  Picture: GCIS

Brics plan for development bank will not mask domestic issues

Currency reserve fund and development bank to be launched but measures not enough to boost cohesion as member states focus on issues at home, writes Raymond Colitt
A couple on a scooter ride past construction projects and completed apartment buildings in Haikou, Hainan province, China. Picture: BLOOMBERG

Housing is China’s weak spot

Beijing has the right objective and the wrong strategy, writes Yang Yao
Narendra Modi. Picture: REUTERS

Challenges India faces are clear

Modi promises to grow economy, write Gita Gopinath and Iqbal Dhaliwal
A street vendor sells Brazilian paraphernalia for the Soccer World Cup in Rio de Janeiro. Picture: AFP PHOTO/ YASUYOSHI CHIBA

EDITORIAL: Brazil — wiser if not richer

World Cup’s legacy is mainly intangible, on one estimate, the tournament will have contributed no more than 0.2 of a percentage point to economic activity
Rio de Janeiro, Brazil. Picture: THINKSTOCK

Brazil still has a way to go on the road to reform

Brazil’s leaders will need to focus on the challenges the country faces and help Brazil achieve at least some of its huge potential, writes Vivienne Taberer
Picture: REUTERS

Crimea crisis poses challenges for Brics

South Africa is a member of Brics and outcome of this crisis may have long-term implications for the country’s foreign policy and economic future, writes Glenn Silverman

Survey finds broad Brazilian discontent over World Cup

Graffiti referring to the 2014 World Cup is seen in Rio de Janeiro, Brazil.  Picture: REUTERS
177 day(s) ago

Six in 10 respondents said hosting the World Cup is bad for Brazil, and that the billions of dollars poured into the soccer tournament would be better spent on services

EDITORIAL: World Cup should be world’s, not Fifa’s

A goal post is seen on Botafogo beach, with Sugar Loaf mountain in the background, in Rio de Janeiro, Brazil.  Picture: REUTERS
178 day(s) ago

Why does the world continue to allow Fifa to monopolise the World Cup?

IMF cuts China’s growth forecast but urges focus on reforms

Picture: THINKSTOCK
175 day(s) ago

Experts say a painful transition is necessary if China wishes to break into the ranks of high-income economies

G-7 leaders spare Russia further sanctions

Russian President Vladimir Putin. Picture: REUTERS
174 day(s) ago

The world’s leading developed economies urged Russia to complete the pullback of its troops from Ukraine’s eastern border

Learn from Brazil — don’t imitate

DIFFERENCES: Bekkersdal residents during a service delivery protest. Brazilians expect less from their government than we do. Picture: THE TIMES
185 day(s) ago

As Soccer World Cup approaches, Geoff Blount compares South Africa and Brazil

Economic adviser tells India to spend

Mumbai, India.  Picture: THINKSTOCK
185 day(s) ago

Indian-born economist expected to take a top role in prime minister-elect Narendra Modi’s government wants its first budget to boost capital spending

EDITORIAL: India could be beacon to Brics

Hindu nationalist Narendra Modi, the prime ministerial candidate for India's main opposition Bharatiya Janata Party (BJP), gestures after seeking blessings from his mother Heeraben at her residence in Gandhinagar in the western Indian state of Gujarat on Friday. Picture: REUTERS
186 day(s) ago

India’s new Prime Minister Narendra Modi sends right signals to global investors

Education threat to China miracle

JOBS GROWTH: China has grown rapidly, with more than 7-million new workers finding work each year since 1990. Picture: THINKSTOCK
189 day(s) ago

Employers bemoan lack of skills among workers, writes Lee Jong-wha

Chinese fund to increase development aid to Africa

Picture: THINKSTOCK
188 day(s) ago

People’s Bank of China and African Development Bank sign agreement creating the $2bn Africa-China Growing Together Fund

To grow tourism in SA, look all the way to China

POPULAR: Diamonds, such as this one at a Jewel City Precinct shop in Johannesburg central business district, are the Chinese traveller’s best friends. Picture: SUNDAY TIMES
191 day(s) ago

The number of travellers from the new global powerhouse has been surging, writes Andiswa Maqutu

Africa50 fund complements China’s spend

192 day(s) ago

African Development Bank stepping up plans to finance power and rail projects as China boosts lending in Africa

China, India dispute stalls negotiations on Brics development bank

Delegates from the Brazil, Russia, India, China and SA (Brics) group of countries engage in discussions at a summit in Brazil on Tuesday.  Picture: GCIS
135 day(s) ago

Negotiations have stalled on a dispute between China and India over which of the two countries will host the bank

Both politics and economics behind proposed Brics bank

Picture: THINKSTOCK
137 day(s) ago

Criticism of the IMF and other western-dominated global organisations is a clear unifying thread among the five countries, writes Christopher Wood

SA makes strong case to be home of Brics bank

Picture: THINKSTOCK
139 day(s) ago

Trade and Industry Minister Rob Davies says compelling argument has been made to locate New Development Bank in Johannesburg

Brazil should embrace the world

A street vendor sells Brazilian paraphernalia for the Soccer World Cup in Rio de Janeiro. Picture: AFP PHOTO/ YASUYOSHI CHIBA
167 day(s) ago

Drop the economic barriers, advise Matt Slaughter and Jaana Remes

SA makes strong case to be home of Brics bank

Picture: THINKSTOCK
139 day(s) ago

Trade and Industry Minister Rob Davies says compelling argument has been made to locate New Development Bank in Johannesburg

India’s Modi kicks into gear with defence, dam projects

India's Prime Minister Narendra Modi, centre, walks to speak with the media as he arrives to attend his first Parliament session in New Delhi, India, last week. Picture: REUTERS
167 day(s) ago

Projects given the go-ahead despite concern about environmental and social impact, signalling prime minister’s no-nonsense approach to issues he considers to be important for national security

To grow tourism in SA, look all the way to China

POPULAR: Diamonds, such as this one at a Jewel City Precinct shop in Johannesburg central business district, are the Chinese traveller’s best friends. Picture: SUNDAY TIMES
191 day(s) ago

The number of travellers from the new global powerhouse has been surging, writes Andiswa Maqutu

EDITORIAL: China stirs up the SA mining brew

Picture: ARDBEL
171 day(s) ago

Reports that China’s medium-term growth is likely to moderate even further should have set off alarm bells for local commodities producers

China to boost bank lending power, though IMF says no need

Paramilitary policemen patrol around the headquarters of China's central bank in Beijing.  Picture: REUTERS
174 day(s) ago

China’s central bank also signalled on Friday it will keep credit supply ample by letting China’s main money market rate fall again this week

China takes a hand in South Sudan as oil deal threatened

Rebels fighters gather in a village in South Sudan’s Upper Nile state last week. Picture: REUTERS
174 day(s) ago

Beijing could face pressure to extend its new approach to other regions of Africa where it has interests

Brazil braces for waves of World Cup protests

Graffiti referring to the 2014 World Cup is seen in Rio de Janeiro, Brazil.  Picture: REUTERS
174 day(s) ago

Brazilian authorities insist they have detailed plans to counter anything from street protests to full-blown terrorist attacks ahead of 2014 World Cup

Opinion

Modi could teach SA how to tame Leviathan

Modinomics and the new Indian prime minister’s ‘minimal government’ approach will help India’s regressing Brics partners return to pro-market sanity

Opinion

Ukraine: warmth versus bastard democracy?

Ukrainians face choice: keep lights on or be used by EU, US to impose fraudulent ideology of bastard democracy

Opinion

Moscow is in no position to fight a new Cold War

Economic and political context of Crimea this year is entirely different from Czechoslovakia in 1968

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