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Exclusive | Russian President Putin accepts invite for BRICS summit: South Africa's BRICS Sherpa Anil Sooklal

Russia's President Vladimir Putin has accepted the invitation to attend an in-person BRICS summit in South Africa later this year in August, said BRICS South Africa Sherpa Anil Sooklal in an exclusive interview with WION. 

The five nation bloc consisting of Brazil, Russia, India, China and South Africa (BRICS) has a combined Gross Domestic Product (GDP) slightly more than the United States. The five major economies constitute 41 per cent of world population, 24 per cent of the world GDP and 16 per cent of global trade flows. ....

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Rabobank: What's The Point... Of No Return?


by Tyler Durden
By Michael Every of Rabobank
What s the point - of no return?
What’s the point? That’s a question I ask myself more and more frequently. Thursday’s session was a key case
in point of that.
We got a slew of key US data and it was, almost across the board, fantastically stronger than expected: the Empire PMI at 26.3 vs. 20; initial claims 576K vs. 700K; retail sales up 9.8% m/m(!) vs. 5.8%; Philly Fed at 50.2 vs. 41.5; and only industrial production of 1.4% m/m vs. 2.5% spoiling the party a little. In short,
stimulus is stimulating to an incredible degree, and it’s only just started. ....

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