Showing posts with label BRICS emerging market nations. Show all posts
Showing posts with label BRICS emerging market nations. Show all posts

July 14, 2014

BRICS bank to defy Western clout in global finances

(Reuters) - Leaders of the BRICS emerging market nations meet next week to launch a development bank and emergency reserves fund, an ambitious challenge to Western-run multilaterals that have shaped global finances since the end of World War Two.