| The BRICS group of developing nations, meeting in Russia to bolster ties, said they’re disturbed by the turbulence that’s roiled global markets from energy to stocks. “We’re concerned about instability in the markets, the high level of volatility in the prices of energy and raw materials, and the accumulation of sovereign debt of a number of major countries,” Russian President Vladimir Putin said in the city of Ufa, 800 miles east of Moscow.
“All these structural imbalances directly affect growth.” The summit of leaders from Brazil, Russia, India, China and South Africa also discussed creating their own credit-ratings company and nurture direct investments between each other...............................................Full Article: Source |