Commodity Bust Weighs on Mongolia's Finances

Mongolia's government faces an economic crisis with a crushing debt burden and low foreign currency reserves. The central bank raised its benchmark interest rate to a record 15% to prop up the currency. Bloomberg's Nick Edwards reports on "Trending Business." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/17)
48:49 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Pablo Goldberg, head of emerging markets fixed income research at BlackRock, Neil Dutta, head of U.S. economics at Renaissance Macro Research, and Chad Morganlander, portfolio manager at Washington Crossing Advisors. (Source: Bloomberg)
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  • Full Show: Surveillance (08/16)