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The BRICS Development bank is a lending institution on the lines of the World Bank and regional development banks.
Brazilian President Dilma Rousseff is going to meet with her BRICS counterparts in Durban.
Bilateral agreements on trade, economic cooperation and education between the two nations will be inked following the meet.
Moscow has said it is worried over Cypriot authorities’ plans to force losses on the holders of accounts at local banks.
The Indian prime minister was given a red carpet welcome at the King Shaka International Airport in Durban.
China's strategy of building relationships strictly on economic co-operation is not enough, and political and security concerns must also be addressed.
BRICS finance ministers will be meeting today to work out the modalities of setting up the ‘BRICS Bank’.
As BRICS business leaders meet in Durban today, Anmol Saxena argues that BRICS has a business case.
Australia's defence minister says the Nato-led command had made the decision to close the Tarin Kowt base.
Obama's speeches in Israel were meant to give the illusion of moving forward when they ensured the peace process moves backwards.
