BRICS leaders create emergency reserve fund, development bank

FORTALEZA Brazil (Reuters) - The leaders of the group of five BRICS emerging market countries signed on Tuesday a deal to create a new development bank and an emergency reserve fund, Brazil's President Dilma Rousseff announced at a summit of the group in the Brazilian city of Fortaleza. The BRICS group consists of Brazil, Russia, India, China and South Africa. (Reporting by Alonso Soto, writing by Walter Brandimarte; Editing by Chizu Nomiyama) Read More http://ift.tt/1slx19I