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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessRamaphosa Non-Commital On Imminent BRICS Expansion
The Mail & Guardian reports that South African President Cyril Ramaphosa told the attendees of a BRICS Political Dialogue gala dinner that more countries are interested in joining BRICS, but many bilateral and multilateral settings on the expansion required "closer scrutiny and understanding" in order to "avoid unnecessary duplications."
- Several countries have openly expressed interest in joining the bloc. While South Africa is officially on board with the idea of expansion, there are sceptical voices in its ruling party and diplomatic community.
- Insiders told the Mail & Guardian that the country could lose its strategic importance within the bloc, were nations with bigger populations and GDPs, such as Egypt and Nigeria, allowed to join.
- There is a sense that Indian-Chinese tensions could complicate the bloc's expansion as well, with India recently blocking South Africa's request to move the upcoming BRICS summit to China.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.