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Brazil to rally BRICS against rich countries
Brazil will push for its large emerging-market peers including China to denounce what it sees as unfair monetary policies by Europe and the United States, raising the stakes in a global confrontation over economic imbalance Ref. Source 9
Nearly $8 trillion wiped off world stocks in January, US recession chances rising: BAML:
World stock market losses are approaching $8 trillion so far this year and investors last week poured the most money into government bond funds in a year, suggesting they fear the global economy could tip into recession, Bank of America Merrill Lynch said on Friday. Ref. Source 4q.