BRICS invites six more countries to join the bloc

The BRICS group of nations has invited six countries to join them. They are Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the UAE. We look at how some of these countries would benefit from joining this bloc. Central banks from around the world are gathering for the annual three-day conference in Jackson Hole, Wyoming. Turkey's central bank hiked interest rates on Thursday by more than expected as it steps up a new commitment to damp inflation through monetary policy.