Bloomberg Business

BRICS Latest: Dollar Debate, Expansion, Xi Meets Ramaphosa

The BRICS group of emerging market powers are set to debate how they can reduce their reliance on the dollar at a summit in Johannesburg this week, but officials are downplaying any suggestion that the greenback’s dominant role will diminish any time soon.

Calpers CIO Says Pension Taking Cautious Approach to China

The California Public Employees’ Retirement System is being cautious in its approach to China because of the political blowback it could face for betting on a geopolitical rival of the US, according to Chief Investment Officer Nicole Musicco.