tl;dr
India objects to BRICS expansion driven by China and Russia, highlighting potential challenges in balancing diverse interests within the economic bloc. The alliance has significantly expanded in the past year, with new members including the United Arab Emirates, Egypt, Iran, and Ethiopia. India's di...
India is objecting to the rapid expansion of the BRICS economic bloc, led by China and Russia, raising concerns about the balance of interests within the alliance. This discontent signals potential challenges for future expansions as BRICS aims to maintain its original ethos of equal partnership.
Russia and Iran are strengthening ties, distancing themselves from the US dollar and promoting the use of local currencies within BRICS. Meanwhile, ASEAN's interest in joining BRICS could potentially add $3.6 trillion to the collective GDP of the economic bloc.
The internal disagreement within BRICS underscores the difficulties of harmonizing diverse interests among its members and balancing geopolitical ambitions. India's reluctance towards rapid expansion reflects a desire to uphold the original principles of the alliance, indicating a need for a more stable growth trajectory.
China and Russia are fervently pushing for BRICS expansion to bolster their geopolitical influence and reshape global economic alliances, possibly using the bloc as a counterbalance to Western influences. The inclusion of Southeast Asian nations is seen as a substantial opportunity for growth, with Malaysia and Thailand already expressing interest in joining, perceiving BRICS as an alternative to Western-led economic institutions.
Moreover, Russia and Iran are deepening their bilateral relationship, negotiating a new partnership treaty and emphasizing trade in local currencies. This move signifies a deliberate shift away from the dominance of the US dollar in international transactions, consolidating their economic integration within BRICS.
More about Rush Street Interactive Inc
Rush Street Interactive Inc
Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
TRADE & SERVICES
SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Revenue: 2158354000
Net Income: None
Earnings Per Share: None
Market Cap: 746228000
Current Stock Price: 10.03
Dividend Yield: 0
Relative Strength Index (RSI): 0.888
More about Kellanova
Kellanova,The Kellogg Company, doing business as Kellogg's, is an American multinational food manufacturing company headquartered in Battle Creek, Michigan, United States.
Industry: MANUFACTURING
Sector: GRAIN MILL PRODUCTS
Revenue: $19,719,868,000
PE Ratio: 24.44
EPS: 2.31
EBITDA: 2.36
Market Cap: $37.97 billion
Dividend Yield: 0.0709
Shares Outstanding: 1,298,000,000
Book Value: $62.35
Price to Book Ratio: -0.1
Price to Earnings Growth Ratio: -0.042
More about GameStop Corp
GameStop Corp Technical Analysis Summary
GameStop Corp is a company headquartered in Grapevine, Texas. It operates in the Trade & Services sector, specifically in the Retail-Computer & Computer Software Stores industry.
Key financial figures for GameStop Corp:
- Market Cap: $9.956 billion
- PE Ratio: 292
- Dividend Yield: 0.08%
- Beta: 16.1
- EPS: 0.0051
- Shares Outstanding: 491.75 million
- Current Ratio: 8.38
- Quick Ratio: 0.259
- Debt-to-Equity: -0.287
More about Optical Cable Corporation
Optical Cable Corporation Summary
Optical Cable Corporation specializes in manufacturing and selling fiber optic and copper data communications cabling and connectivity solutions. Its primary market is the enterprise sector within the United States and internationally. The company is based in Roanoke, Virginia.
Industry: Manufacturing
Business Activity: Drawing & Insulating of Nonferrous Wire
Market Cap: 21388600
Dividend Yield: -0.54
Price to Earnings Ratio: 8.36
EPS: -0.0643
Volume: 65237000
Beta: None
Short Ratio: 0
Performance (Week): -0.179
More about Emeren Group Ltd
Stock Analysis Summary:
Company: Emeren Group Ltd
Industry: Manufacturing, Semiconductors & Related Devices
Market Cap: 85922000
Headquarters: Stamford, Connecticut
Revenue: 106582000
EPS: -0.16
P/E Ratio: 1.918
Dividend Yield: -0.127
Current Ratio: 4.88
Quick Ratio: 3.42
Debt to Equity: 0.148