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• BRICS Countries Consider Central Bank - Editor, 28 March 2012

The fourth annual BRICS summit, to be held in New Delhi on Thursday, will cover a wide range of topics of interest to member countries – Brazil, Russia, India, China and South Africa. One of the topics for discussion will be the idea of a multilateral bank funded by developing nations for the purpose of encouraging trade and financing projects in the developing world. This proposed initiative of establishing common institutions is seen as a step toward formalizing the BRICS grouping.

• Currency Reform and Inflation Highlighted at 2012 National Peoples’ Congress Meeting - Editor, 14 March 2012

In a news conference following an annual parliament session today, Premier Wen Jiabao said that China will increase efforts to reform its currency program, in order to allow the yuan to float more freely. Noting that in the Hong Kong market non-deliverable forwards (NDFs) had begun to fluctuate both ways, Wen said that this is an indication that the yuan may be near a balanced level. He went on to offer his assurance that authorities will step-up exchange rate reforms.