Jim Oneill News

Jim O'Neill, Former Economist, Goldman Sachs, says for the rest of this decade, it is quite likely that US equity markets are going to underperform much of the rest of the world. A more positive way to put it is, the rest of the world which was very cheap, particularly Europe and to some degree China, is probably going to outperform the US and of course that has already been the case in the short two-and-a-half months of 2025 so far. While the period between now and April 2nd will probably see some near-term recovery of the dollar, O’Neill does not think that the combination of what the US is trying to do is at all good for the sustainability of the dollar and he thinks this time next year, the dollar will be a bit weaker against major currencies around the world. We are talking at a time when nobody knows what is coming. All we know is that American markets have reversed and there are fears of a genuine slowdown in the United States. Investors are moving out of the long dollar trade. What is the big headline of March 2025 for financial markets? Jim O'Neill: As I have discussed with you in December, you have to be very careful of a very strong consensus when some of the underlying factors are not so clear-cut and I was quite sceptical on the immediate euphoria of Trump being elected as this was going to further accentuate so-called American exceptionalism and the reality that we have seen over the first 60 to 70 days the US is not exceptional.

(Bloomberg) — Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt to join its ranks on Jan. 1, South Africa’s envoy to the bloc said. 

BRICS grouping will see it controlling 46 per cent of the world's population and 30 per cent of its economic output, according to a research paper. At the latest BRICS summit in Johannesburg last week, the present members — Brazil, Russia, India, China and South Africa — decided to add Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members of the grouping. The new members will become part of BRICS effective January 1, 2024. The acronym BRICS was originally coined in 2001 by Goldman Sachs economists led by Jim O'Neill.

By Carien du Plessis, Anait Miridzhanian and Bhargav Acharya

Narendra Modi will be in Johannesburg for the Brics leaders’ summit, starting today. The five-nation grouping will meet amid disagreements on expansion and a common currency. Questions persist over the bloc’s relevance, too.

international trade and finance. – Some experts have speculated that a BRICS currency may grow to challenge the dollar’s eminence in the global economy.

BRICS is an acronym that represents an alliance of five major emerging economies: Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the phrase in 2001 to emphasize the combined potential of these countries in the global economy. 

A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony.

Jim O’Neill, a former chairman of Goldman Sachs Asset Management and a former UK treasury minister, is a member of the Pan-European Commission on Health and Sustainable Development.

LONDON – The first fiscal policy announcement from new British Prime Minister Liz Truss's government has been met with one of the most pronounced market sell-offs in recent history.

Jim O’Neill, a former chair of Goldman Sachs Asset Management and a former UK treasury minister, is a member of the Pan-European Commission on Health and Sustainable Development

Wells Fargo has promoted an executive to lead its markets business outside of the US, a newly-created role that is part of a broader shake-up of its sales and trading unit.

Wells Fargo has promoted an executive to lead its markets business outside of the US, a newly-created role that is part of a broader shake-up of its sales and trading unit.

Jim O’Neill, a former chair of Goldman Sachs Asset Management and a former UK Treasury minister, is a member of the Pan-European Commission on Health and Sustainable Development