The idea of the BRICS group ever challenging the U.S. dollar is for the fairies as long as China and India remain so divided and refuse to cooperate on trade, the former Goldman Sachs economist who came up with the BRIC acronym told Reuters.

In their first structured bilateral talks in nearly five years, Prime Minister Narendra Modi and Chinese President Xi Jinping on Wednesday agreed that India and China can have a “peaceful and stable” relationship by displaying maturity and mutual respect,

Kazan: Prime Minister Narendra Modi and Chinese President Xi Jinping held bilateral talks on Wednesday on the margins of the BRICS Summit in Russia. This meeting was notable as it was their first structured engagement in the last five years,