The BRICS emerging nations said on Thursday they were worried about the volatility of global financial markets and oil prices and agreed to coordinate efforts to keep their economies stable.
Leaders of Brazil, Russia, India, China and South Africa finally launched the group’s largest initiatives to date — a development bank and a currency pool — and called at a summit for a swift deal on curbing Iran’s nuclear programme.
For Russian President Vladimir Putin, hosting the summit in the city of Ufa, the launch of the bank and the pool had been a key priority, as was the group’s ability to …read more
Source: Daily News & Analysis
