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New Development Bank
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS Sovereign state, states (Brazil, Russia, India, China and South Africa). According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instrument, financial instruments." Moreover, the NDB "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank." The initial Authorised capital, authorized capital of the bank is $100 billion divided into 1 million Share (finance), shares having a par value of $100,000 each. The initial subscribed capital of the NDB is $50 billion divided into paid-in shares ($10 billion) and callable shares ($40 billion). The initial subscribed capital of the bank was equally distributed among the founding members (Brazil, Russia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2022 Russian Invasion Of Ukraine
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An estimated 8 million Ukrainians were displaced within their country by late May and 7.8 million fled the country by 8 November 2022, while Russia, within five weeks of the invasion, experienced its greatest emigration since the 1917 October Revolution. Following the 2014 Ukrainian Revolution, Russia annexed Crimea, and Russian-backed paramilitaries seized part of the Donbas region of south-eastern Ukraine, which consists of Luhansk and Donetsk oblasts, sparking a regional war. In March 2021, Russia began a large military build-up along its border with Ukraine, eventually amassing up to 190,000 troops and their equipment. Despite the build-up, denials of plans to invade or attack Ukraine were issued by various Russia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Authorised Capital
The authorised capital of a company sometimes referred to as the authorised share capital, registered capital or nominal capital, particularly in the United States) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue (allocate) to shareholders. Part of the authorised capital can (and frequently does) remain unissued. The authorised capital can be changed with shareholders' approval. The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company. The device of the authorised capital is used to limit or control the ability of the directors to issue or allot new shares, which may have consequences in the control of a company or otherwise alter the balance of control between shareholders. Such an issue of shares to new shareholders may also shift the profit distribution balance, for example if new shares are issued at face value and not at market value. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fitch Ratings
Fitch Ratings Inc. is an American credit rating agency and is one of the " Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations ( NRSRO) designated by the U.S. Securities and Exchange Commission in 1975.551 History Fitch Ratings is dual headquartered in New York and London. Hearst owns 100 percent of the company following its acquisition of an additional 20 percent for $2.8 billion on April 12, 2018. Hearst had owned 80 percent of the company after increasing its ownership stake by 30 percent on December 12, 2014, in a transaction valued at $1.965 billion. Hearst's previous equity interest was 50 percent following expansions on an original acquisition in 2006. Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction. Fitch Ratings and Fitch Solutions are part of the Fitch Group. The firm was founded by John ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NDB Creation Milestones
NDB may refer to: * Do not let Belgrade drown (''Ne davimo Beograd''), a political party in Serbia * ''Nachrichtendienst des Bundes'' ("Federal Intelligence Service"), one of the Swiss intelligence agencies * National Defense Battalions (Iraq) (1961–2003), Iraqi Kurdish paramilitary units * National Development Bank, a government bank to finance development projects * NDB Cluster, a database storage engine * Next DB, an alternate Python client library for the Google App Engine datastore * ''Nerima Daikon Brothers'', an anime series * ''Neue Deutsche Biographie'', a German reference work * New Development Bank, a development bank jointly operated by the BRICS nations * Non-directional beacon, a fixed radio transmitter used as a navigational aid * Nuclear depth bomb, a naval weapon See also * NNDB The Notable Names Database (NNDB) is an online database of biographical details of over 40,000 people. Soylent Communications, a sole proprietorship that also hosted the now-defunct Ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Bond
Green bonds (also known as climate bonds) are fixed-income financial instruments ( bonds) which are used to fund projects that have positive environmental and/or climate benefits. They follow the Green Bond Principles stated by the International Capital Market Association (ICMA), and the proceeds from the issuance of which are to be used for the pre-specified types of project They differ from Sustainability Bonds in that the latter also needs to have a positive social outcome, besides simply having a positive impact on the environment. History Climate bonds are a relatively new asset class, but they are growing rapidly.Yves Hulmann"2016, l'année de l'essor des obligations vertes", ''Le temps'', 20 December 2016 (page visited on 20 December 2016). The total volume of climate bonds was estimated at 160 billions of dollars on 2016; of which 70 billions were issued in 2016. The labelled volume of bonds issued in 2019 was US$255 billion. Climate and green bonds have now been issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
7th BRICS Summit
The 7th BRICS summit was the seventh annual diplomatic summit of the head of states or government of the BRICS member states. It was held in the Russian city of Ufa in Bashkortostan on 8–9 July 2015. Background During the 6th BRICS summit in Fortaleza, Brazil, the BRICS leaders signed a declaration reading: "Brazil, India, China and South Africa convey their appreciation to Russia for its offer to host the Seventh BRICS Summit in 2015 in the city of Ufa and extend their full support to that end." Agenda The summit coincided with the entry into force of constituting agreements of the New Development Bank and the BRICS Contingent Reserve Arrangement and during the summit inaugural meetings of the NDB were held, and it was announced it would be lending in local currency; and open up membership to non-BRICS countries in the coming months. Participants BRICS-SCO-EEU summit The BRICS held a joint summit with the Shanghai Cooperation Organisation and the Eurasian Economic Union ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign-exchange Reserves
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro. Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills. Some countries hold a part of their reserves in gold, and special drawing rights are also considered reserve assets. Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them actually leavi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortaleza
Fortaleza (, locally , Portuguese for ''Fortress'') is the state capital of Ceará, located in Northeastern Brazil. It belongs to the Metropolitan mesoregion of Fortaleza and microregion of Fortaleza. It is Brazil's 5th largest city and the twelfth richest city in the country in GDP. It also has the third richest metropolitan area in the North and Northeast regions. It is an important industrial and commercial center of Brazil, the nation's eighth largest municipality in purchasing power. According to the Ministry of Tourism, the city reached the mark of second most desired destination of Brazil and fourth among Brazilian cities in tourists received. The BR-116, the most important highway of the country, starts in Fortaleza. The municipality is part of the Common Market of Mercosur Cities, and also the Brazilian state capital which is closest to Europe, from Lisbon, Portugal. To the north of the city lies the Atlantic Ocean; to the south are the municipalities of Pacat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
6th BRICS Summit
The 6th BRICS summit was the sixth annual diplomatic meeting of the BRICS, a grouping of major emerging economies that includes Brazil, Russia, India, China and South Africa. It was hosted by Brazil, as the first host country of the current five-year summit cycle; the host city was Fortaleza. Though Brazil had previously hosted a four-member BRIC summit in April 2010, 2014 marked its first full BRICS summit; the 2010 summit in Brasília did not officially include South Africa, who were only invited as guests as a prelude to their gaining full membership in December 2010. Argentine President Cristina Kirchner was a special guest of the summit, and the BRICS leaders met with their UNASUR counterparts shortly after. The 6th BRICS summit resulted in the official inauguration of the New Development Bank, a multilateral development bank intended as an alternative to the World Bank and International Monetary Fund. Background Following the 2013 BRICS summit in Durban, South Africa, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5th BRICS Summit
The 2013 BRICS summit was the fifth annual BRICS summit, an international relations conference attended by the head of states or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held in Durban, South Africa in 2013. This completed the first round of BRICS summits. Background A declaration at the end of 2012 BRICS summit read that: "Brazil, Russia, India and China thank South Africa for the proposal to host the 5th summit in 2013. They intend to provide multifaceted support for it." The BRICS leaders are expected to discuss the establishment of a new development bank. According to Mikhail Margelov they will seek agreement on the amount of starting capital. Participants China's Xi Jingping made this the first summit of his presidency. The heads of state/heads of government of the five countries that participated in the summit were: Gallery of participating leaders Members: File:Dilma Rousseff - foto oficial 2011-01- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
4th BRICS Summit
The 2012 BRICS summit was the fourth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held at Taj Hotel in New Delhi, India on 29 March 2012 and began at 10:00 Indian Standard Time. This is the first time that India has hosted a BRICS summit. The theme of the summit was "BRICS Partnership for Global Stability, Security and Prosperity". Preparations Logo Preparations for the summit began with the announcement from the Ministry of External Affairs, India about a competition to choose the official logo for the meeting. The logo was expected to "bring out the essence of this grouping of countries, which has received unprecedented global attention in recent years and now occupies a prominent space in the global political and economic landscape." A specially-constituted jury announced the winning design on 10 February 2012 as the subm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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