August 23, 2013 at 18:14 PM EDT
Crises Erupting In Emerging Markets
Crises are erupting in some of the world's biggest emerging markets, as investor flight is boosting local yields and devastating local currencies. Each of these developing countries has its own problems, and you can't pin all their ills on the likelihood that the Federal Reserve will soon taper its aggressive easing program. Brazil's central bank said late Thursday it will launch a huge $60 billion currency-intervention plan. The real soared
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