BRIC summit watched for signals on dollar

When the leaders of Brazil, Russia, India and China gather for their first full-fledged summit, they will be closely watched for signs of policy shifts that could affect the global role and strength of the U.S. dollar.

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The dollar's yearlong rally came to an end in the second quarter, as markets stabilized and investors moved dollars into commodities and emerging markets. There also was more fretting about the long-term prospects for the greenback.

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NEW DELHI: China has retaliated against India's ban on its dairy products, putting the two neighbours with a legacy of estrangement on the brink of a trade war...

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TWO items of news caught my eye this week. One was that Italian police seized had 134bn worth of fake US Treasury bonds, thought to be part of a scam run by the Sicilian Mafia.

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According to Chinese president Hu Jintao, the four BRIC countries account for 42 percent of the world's population and contribute more than half of global economic growth.

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According to BBC's Rupert Wingfield Hayes, in Russia, says Bric's main goal is to force the West to give greater recognition to the developing giants. This has to be something heard from inside Russia. What could BRIC do to force U.S.

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Why the U.S. lost manufacturing jobs, and how it can replace them.

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In tandem with the upswing in equity markets, the rupee, after Monday's brief pause, on Wednesday shot up by 60 paise to end at a nearly 4-week high of 48.98/49.00 against the dollar on expectations of more capital inflows. In fairly active trade at the Interbank Foreign Excha …

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Russia will coordinate its effort to overcome the financial crisis with India and China, Russian Foreign Minister Sergey Lavrov announced at a press conference.

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And that really is the great challenge facing the new president. Will the US be a declining economic power or will be a resurgent one? Some serious mistakes have been made in the first eight years of this century and those now have to be corrected.

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They say developing countries are set to overtake economic giants such as the US. Don't be too sure, says GWYNNE DYER YOU HAVE to hand it to the economics team at Goldman Sachs.

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Brazil's main stockmarket index rose 71% in US dollar terms last year, suggesting that international investors are awakening to this South American giant's potential. Should you join them?

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'India Poised' may dismally remain exactly that – a nation poised but failing to take-off – unless it does "a lot" to improve productivity scores, according to the man who invented the BRICS theory six years ago.

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Can India be the new America?

Not a day passes without some world report calling attention to the fact that the era of American hegemony is over. The American dollar depreciates painfully everyday against every major currency in the world.

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Fund flows into BRIC countries have risen sharply during 2006, and these markets have bounced back nicely from the sharp June pullback.

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A deal in the Doha Round of world trade talks could be 'a matter of months, or a matter of years,' depending on when the United States' trade partners yield ground on touchy issues like agricultural tariffs, a US trade official said.

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Future State: Non-polar, multiregional world

The prequel to this article is this one, which sought to argue for preserving international stability based on a unipolar world under American hegemony ( a brutal term for sure).

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Cloning Hero's Scientific Fraud Uncovered By Netizens In South Korea

There's an important story about South Korean netizens and their ability to uncover fraud in science that has recently been hidden behind the headlines.

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