Wednesday, September 3, 2014

BRICS' news updates

From Xinhuanet
China and Russia have agreed to further strengthen energy cooperation with more large-scale projects, so as to advance the comprehensive strategic partnership between the two countries to a new stage.

The agreement was reached during Chinese Vice Premier Zhang Gaoli's visit to Russia, which started Friday as he arrived in Moscow for the 11th meeting of the China-Russia Energy Cooperation Committee and a start-of-construction ceremony of the Russian part of the China-Russia East Route natural gas pipeline.....

.... Chinese Vice Premier Zhang Gaoli (L, front) and Russian President Vladimir Putin (R, front) attend a start-of-construction ceremony of the Russian part of the China-Russia East Route natural gas pipeline in Yakutsk, capital city of Saha-Yakutia republic, Russia, Sept. 1, 2014. (Xinhua/Wang Ye).....

India's PM shows he can't be conned by USA's client nations.
From BRICS Post:
India, Japan fail to conclude nuclear deal. 
India and Japan have failed to conclude a much-anticipated civilian nuclear deal.
The negotiations hit a wall with a clause stating that India would not test again and would allow more inspections of its nuclear facilities to ensure that fuel was not being diverted to make bombs........

From BRICS Post:
China services sector rebounds from 6-month low
China’s services activity showed slight recovery in August from a six-month low of the previous month , official data suggested on Wednesday.
The purchasing managers’ index (PMI) of the non-manufacturing sector rebounded to 54.4 per cent last month, data compiled by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) said.
The reading stopped the losing streak since June and continued to stay above the 50-threshold that demarcates expansion and contraction........

From BRICS Post:
Official data released on Friday in Brazil and India paired the two BRICS members in opposing ends of the spectrum, with India witnessing a spurt in growth and Brazil officially slipping into recession.
In Brazil, government statistics agency IBGE unveiled data on Friday that showed gross domestic product contracting 0.6 per cent from the first quarter. It also lowered its estimate for first-quarter activity to a 0.2 per cent contraction.

“This result was below expectations,” said Brazilian Finance Minister Guido Mantega but added, “”Things have not improved on the international front and that is not helping most countries.......

A woman might lead Brazil again? Nice!
From Time:
The campaign has only just begun, but Marina Silva, who was handed the Brazilian Socialist Party's nomination after her running mate died in a plane crash, is now the candidate to beat......

From SouthAfricaInfo:
SA economy grows at 0.6% in second quarter.  
South Africa's economy grew at 0.6% in the second quarter, following a -0.6% contraction in gross domestic product (GDP) growth in the first quarter, Statistics South Africa reported on Tuesday.
The modest growth means the country has avoided entering a technical recession.

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