Morning links. Scroll down for new video collection.
Russia And China Give $100 Billion To Create New Bank to Replace World Bank, IMF
The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
The leaders of the so-called BRICS nations -- Brazil, Russia, India, China and South Africa -- are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.
“If they announce a BRICS bank it will be quite something,” O’Neill said in an e-mailed reply to questions on March 15. “At a minimum it symbolizes they can achieve something as political group and means lots of other things could follow in the future. It also means that they will have their own kind of special World Bank, which may aid infrastructure and trade projects.”
Finance ministers and central bank governors from the BRICS nations, who met in Durban today, agreed to set up currency crisis fund of about $100 billion, Brazilian Finance Minister Guido Mantega told reporters today. He didn’t give details of proposed funding for the new bank, which Brazil wants established by 2014. The nation’s leaders are due to sign a final accord tomorrow.
Cypus Banks to Open for First Time in 2 Weeks With Harsh Cash Curbs
Wells Fargo Paid Director’s Son $1.4 Million Last Year
Federal employees who don’t pay taxes would be fired if bill passes
Mini flash crashes: A dozen a day
Barclays announces £39 million in bonuses for execs on budget day
Icelandic bank's top executives indicted over fraud
Dylan Ratigan is running an organic hydroponic farm
Michele Bachmann faces congressional ethics probe
Is the student loan bubble about to pop? - Write-offs Hit Record High
How To Kill A Drone (Awesone...)
Ex-President Expenses Total $3.7 Million In 2012 - Bush Most Expensive
Biden Flying To Delaware On Weekends On Taxpayer Dime
IRS Star Trek Training Video - Latest Taxpayer Waste
Members of Congress Demand Investigation of Obama’s Ammo Stockpile
New York State Sets Up Gun Snitch Line With $500 Award
CIA Makes $600 million deal with Amazon to build cloud computing system for spies
White House moves to let Pentagon take over CIA drones
Mercedes unveils Tesla-powered electric car
Bulgarian man becomes 6th man in past month to set himself on fire
Stealing Frozen Bag Of Meatballs At West Point Brings Federal Charges
Man Gets 3 Years In Prison For Auburn Tree Poisoning - But Corzine Is Still Free - ESPN
Ecuador auctions off pristine Amazon jungle to Chinese oil firms
Why I'm leaving China
Mexico Horror: Men Executed And Bodies Arranged With Messages Nailed To Chests
A father's hoops dream: Minting an NBA millionaire includes lying about son's age
Videos
Ferrari FF: The World’s Only 200 Mph ‘Family’ Car
---
Consumers struggle with Cyprus banks closed.
---
Why Has Copper Dropped Out of the Mining Rally?
---
Global Outlook: Is Gold Losing Its Shine?
---
---
Why Has Copper Dropped Out of the Mining Rally?
---
Global Outlook: Is Gold Losing Its Shine?
---
Will consumers wear Apple Smartwatches, Google Glasses?
---
Chinese market may have peaked.
---
Dick Bove on Cyprus, Europe and U.S. banks.
No surprise. Bove says all Euro banks must be bailed out.
---
.
Steve Chen: No Regrets About Selling Youtube
Start watching at 45 second mark.
---
iFixit: The App for the Fix-It-Yourself Revolution
---
China - World's Most Profitable Bank
---
Chinese market may have peaked.
---
Dick Bove on Cyprus, Europe and U.S. banks.
No surprise. Bove says all Euro banks must be bailed out.
---
.
Steve Chen: No Regrets About Selling Youtube
Start watching at 45 second mark.
---
iFixit: The App for the Fix-It-Yourself Revolution
---
China - World's Most Profitable Bank
No comments:
Post a Comment