BRICS currency

The BRICS economic bloc is quickly expanding its influence, with 34 countries expressing interest in joining its activities, according to Russian President Vladimir Putin, reflecting the bloc’s ability to provide an alternative to the U.S.-dominated global financial system. With Russia...

Russia and India have announced a partnership to advance digital economy initiatives as part of BRICS international expansion efforts.  What Happened: "Both nations are united by a common goal of building the most modern infrastructure, creating a safe and comfortable urban...

Steve Eisman, the star investor portrayed by Steve Carell in “The Big Short,” slapped down talk of the dollar losing reserve currency status.  What happened: In a CNBC interview, Eisman dismissed the idea of the growing U.S. sovereign debt being a problem for the dollar: ...

The BRICS alliance, an association of the five major emerging economies of Brazil, Russia, India, China, and South Africa, is witnessing an increasing number of nations showing interest in joining its ranks. The surge in interest corresponds with an increasing number of countries...

Some elements of this story were previously reported by Benzinga, and it has been updated. As BRICS nations (Brazil, Russia, India, China and South Africa) move toward creating a new global currency, understanding the potential economic consequences for both the member countries and the global...