‘Hegemonic corporations scared as BRICS plan bank to rival IMF’
A new global bank is being born in South Africa – where the world’s top emerging economies are meeting. The new financial powerhouse would be a direct challenger to the…
In Yuan We Trust: ‘China calls shots as creditor, US role fading’
China has accumulated enough financial resources to induce borrowers US and EU to share power, argues Arvind Subramanian, senior fellow jointly at the Peterson Institute for International Economics… source