Breaking News:

Business Latest News: Emerging Markets Struggle

Now watching

Next video starts in : 7 Play

Business Latest News: Emerging Markets Struggle

Business Latest News: Emerging Markets Struggle
Replay video
Up next

Ebola stocks jump after first U.S. case; Angie's List for sale?; American Apparel founder may stay

Ebola stocks jump after first U.S. case; Angie's List for sale?; American Apparel founder may stay Up next

Ebola stocks jump after first U.S. case; Angie's List for sale?; American Apparel founder may stay

Unlock your personal NFL Now stream by signing in to NFL.com

Business Latest News: Emerging Markets Struggle

Wochit 0:49 mins

The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels not seen since the last financial crisis. France will pursue 14 billion euros ($18.2 billion) in spending cuts next year as it attempts to reduce the public deficit to 3 percent of economic output by 2015, Le Monde reported. German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them "aloof super humans" worthy of contempt.

View Comments (0)