BRICS

India, South Africa Lead BRICS Gold Reserves Growth Oct 2025

India's Gold reserves reached approximately $102.4 billion by early October 2025, mainly due to price increases rather than new purchases. South Africa increased its combined...

BRICS Weighs Article 6 vs Independent Path for Carbon Markets

BRICS countries are debating between using Article 6 of the Paris Agreement or creating an independent carbon market partnership based on mutual recognition.By COP30,...

BRICS Called “Multipolarism of Fools” Over Fossil Fuel Hypocrisy

The BRICS alliance discusses environmental issues but most member countries rely heavily on fossil fuel sales.Nine out of 10 BRICS members sell fossil fuels;...

BRICS Pay Launches to Boost Trade in Local Currencies, Curb Dollar Use

BRICS Pay is a digital payment system under development by Brazil, Russia, India, China, and South Africa to enable trade in local currencies.The platform...

BRICS Pushes De-Dollarization but Faces Major Market Hurdles

A 10-member BRICS coalition is pursuing de-dollarization to reduce reliance on the U.S. dollar in global trade and finance.BRICS actions include settling trade in...

BRICS Central Banks Buy 20 Tons Gold Worth $2.54B in Sept 2025

The central banks of Brazil, Russia, and China bought nearly 20 tons of Gold in September 2025, valued at approximately $2.5 billion.Gold prices rose...

Diplomat Says BRICS Currency Does Not Appeal to All Parties

Diplomats at the BRICS+ policy conference in New Delhi agreed that a common BRICS currency is not beneficial for member countries. Montek Singh...

BRICS Launches Gold-Based Payment System to Conduct Trade Without Dollars

The BRICS Gold settlement system enables trade backed by physical gold, bypassing the US dollar.Eleven countries currently participate, with 22 more applying, supported by...

Latest news

Nvidia Stock Rises 4% to $210, BofA Target $350

NVIDIA stock (NASDAQ: NVDA) opened Monday at $210 after a 4% gain on Friday, fueled by Wall Street’s surging...

Bank of Thailand scans stablecoin trades for illicit finance

The Bank of Thailand is using data analytics to scan for abnormally high-volume trades in stablecoins, especially Tether's USDT,...

RWAs Overtake Bitcoin as Hyperliquid’s Largest Open Interest

Hyperliquid's RWA perpetuals hit a record $3.6 billion in open interest, overtaking Bitcoin and other major markets.Total platform open...