"Gold Settlement" will take place via big commercial banks, much like today, or perhaps via some unified clearinghouse system ...

China says it's ready to further expand the economic alliance known as BRICS. The nation is joining Brazil in backing Malaysia's bid to join the group, reports the China state-backed Global Times.

BRICS has become a political symbol for many developing countries seeking greater representation. Its emphasis on equitable ...

A few days before the 16th BRICS Summit got underway in Kazan in October, Russia, the organizers of this key conclave advised attendees to bring along U.S. dollars and euros as Russian banks preferred ...

Russia is essentially sidestepping the US dollar for nearly all of its international trade, according to one of the BRICS ...

The BRICS-linked CIPS payment system has expanded across 185 countries, allowing international payments in Chinese yuan ...

President Donald Trump took to social media on Thursday night to threaten 10 more countries with tariffs if they replace the U.S. dollar as their reserve currency. “The idea that the BRICS Countries ...

The BRICS countries — led by Brazil, Russia, India, China and South Africa — are actively working to reduce their reliance on the U.S. dollar in international trade, a process known as ...

Donald Trump has threatened 100% tariffs on imports from BRICS countries if they create a new currency to rival the US dollar ...

President Trump vowed to impose tariffs of up to 100 percent on countries that back a new reserve currency among the BRICS countries, a group that includes Russia and China. Trump’s Truth Social post ...

(Bloomberg) -- South Africa’s government said there are no plans to create a so-called BRICS currency, after US President-elect Donald Trump threatened to impose 100% tariffs on members of the ...