Tuesday, June 16, 2009

Russia might invest in bonds issued by Brazil, India, China

To diversify its currency reserves, Russia is thinking about buying bonds issued by Brazil, India and China, its fellow members of the BRIC countries, said Arkady Dvorkovich, the Russian government's top economic adviser. Russia would expect the other BRIC countries to reciprocate by purchasing the country's bonds, he said. The Wall Street Journal/The Associated Press.

China to loan Russia, Central Asian nations $10 billion: The Shanghai Cooperation Organization, of which Russia and four Central Asian nations are members, will get a $10 billion loan from China to bolster its members' economies. Chinese President Hu Jintao announced the deal at a summit of the organization in Yekaterinburg, Russia.