China pledges small increase in funding for BRICS Xi's funding pledge for BRICS pales in comparison to Belt and Road Initiative Xi says BRICS potential not fully tapped BEIJING: China will give 500 million yuan ($76.4 million) for a BRICS economic and technology cooperation plan, and... 04 Sep, 2017
NDB approves first set of loans Shanghai, April 16 A new multilateral lender set up by the BRICS nations has approved its first set of loans valued at $811 million for renewable energy projects in four of its member countries, according to the bank. The New Development Bank... 17 Apr, 2016
BRICS bank launched, to work with AIIB Shanghai, July 21 Officials from the world’s largest emerging nations launched the New Development Bank (NDB) today, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such... 22 Jul, 2015
eBay-PayPal breakup set for next month NEW YORK: US online giant eBay said on Friday its board approved the planned spinoff of its PayPal online payments unit, which will trade as an independent company from July 20. The plan calls for the distribution of PayPal stock to eBay shareholders... 28 Jun, 2015
