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BRICS call for open selection of next World Bank chief

MEXICO CITY (Reuters) – A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasized it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC official said on Saturday.…

South Africa invited to join BRIC economic block

PRETORIA – South Africa announced on Friday it has been formally invited to join the Brazil, Russia, India and China (BRIC) group of key emerging nations, bolstering its image as the economic gateway to Africa. Foreign Minister Maite Nkoana-Mashabane said China, which currently chairs BRIC, invited South Africa to join…