The BRICS group, through the Ministry of Foreign Affairs of Brazil, announced its new members, which are: Cuba, Bolivia, Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda and Uzbekistan.

With the announcement made this Saturday, January 18, new alliances are established that fulfill the category of partner country, created at the XVI BRICS Summit, in Kazan, Russia, in October 2024.

“The new members have a lower position than the permanent members, but they have the possibility of participating in summits and thematic meetings.”

It is important to note that negotiations to accept new members began in 2023 by the group originally made up of Brazil, Russia, India, South Africa and China.

M.Pino

Source: vocesdelsur

(Reference image source: Ramon Buçard on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Brazil announced new members of the BRICS apareció primero en Bitfinance.

Malaysian Prime Minister Anwar Ibrahim has proposed the creation of an “Asian Monetary Fund” as an alternative to the dominance of the US dollar and the International Monetary Fund (IMF) on the world financial stage. During a meeting with Chinese President Xi Jinping in Beijing, Anwar defended the idea of using the national currencies of Asian countries in their trade and financial negotiations, instead of the dollar. China has welcomed the initiative and has shown interest in starting talks on it.

Anwar argued that there is no reason for Malaysia to remain dependent on the dollar, saying that the Malaysian central bank is already working to allow China and his country to trade in their respective national currencies. This is not the first time that Anwar has proposed the idea of creating a regional fund, as he first suggested it in 1990 when he held the Finance portfolio, but the idea did not materialize back then due to the strong presence of the dollar.

The annual report of the Boao Forum 2023, a major international economic conference hosted by China, indicates that Asia’s real GDP growth is expected to be 4.5% this year, making it a “prominent player” in amid the global slowdown.

Meanwhile, China is working to strengthen the yuan’s presence in world trade, having recently signed agreements in this regard with several countries, including Brazil, Chile, Argentina, Saudi Arabia and Russia, with the aim of increasing the yuan’s share in the world trade, which currently stands at 2%.

K. Tovar

Source: Bancaynegocios

(Reference image source: file)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Malaysia and China seek to create an Asian Monetary Fund to counter the dominance of the dollar apareció primero en Bitfinance.

The cryptocurrency exchange Binance announced that it will once again operate in the Malaysian markets thanks to the platform’s strategic alliance with Cuscapi Berhad.

This is how the company will operate in the Digital Asset Exchange, one of the four most recognized market operators in the region licensed by the Securities Commission (SC).

Binance has a significant presence in the Asian region and with its new partnership in Malaysia, the exchange aims to expand the sustainable growth of the cryptocurrency market in the Southeast Asian region.

A spokesperson for the company assured that “this is part of Binance’s initiatives to cooperate with regulators. By working with regulated platforms, we are supporting local representatives to further expand their businesses while complying”.

Hello Malaysia. 🇲🇾https://t.co/vsHzHlm7KI

— CZ 🔶 Binance (@cz_binance) March 1, 2022

K. Tovar

Source: Cointelegraph

La entrada Binance announces its return to Malaysia apareció primero en Bitfinance.

Germany’s second private commercial bank, Commerzbank, plans to close its branches in Barcelona (Spain) and Venezuela, and also sell its subsidiaries in Brazil and Hungary.

The measure is due to the results released by the entity in 2020 when a net attributable loss of almost 2,900 million euros was recorded. At that time they announced they wanted to close branches and representative offices outside of Germany and withdraw from fifteen international locations.

So far it is known that the company’s future plans will be set to expand its offices in Dubai as well as other countries such as Azerbaijan, Georgia, Indonesia, Iraq, Kazakhstan, Lebanon, Malaysia and Serbia, where it plans to have progressive advances.

The information was provided by the directors Roland Boehm and Nikolaus Giesbert, who from the bank’s intranet announced that the subsidiaries in Luxembourg, Brussels, Bratislava and Hong Kong will also be closed.

Commerzbank plans to be present in 40 countries around the world and will concentrate its activities in Singapore.

K.Villarroel

Source: diariolibre

La entrada Commerzbank will close subsidiaries in Venezuela and Barcelona apareció primero en Bitfinance.