Originally published on Mon August 26, 2013 5:06 am
The problems were triggered when the Federal Reserve said it would soon ease bond buying. Renee Montagne talks to Amy Kazmin, a correspondent for the Financial Times in New Delhi, about the troubles with India's economy.
We'll begin NPR's business news with collapsing currencies.
Over the past several months, the focus of financial markets has been the Federal Reserve's plan to phase out or taper some of the extraordinary measures it has taken to stimulate the economy.
Just the idea that the Fed might start dialing back on stimulus spending is rippling through financial markets overseas. For instance, investors who once poured money into emerging markets, like Brazil and India, are suddenly much more cautious.
Originally published on Mon August 26, 2013 4:33 am
When it comes to action in Syria, the U.S. has moved from will it — to what will it do? Analyst Aaron David Miller, a Public Policy Scholar at the Woodrow Wilson Center, tells Renee Montagne that it is "almost inevitable that the president will authorize some form of military action" in Syria after last week's alleged chemical attack against civilians.
Originally published on Mon August 26, 2013 4:13 am
The Syria government says it will allow U.N. weapons inspectors to access the site of an apparent chemical weapons attack outside Damascus. Last week's attack left hundreds of civilians dead, and could lead to a military response by the U.S. and other western nations. Defense Secretary Chuck Hagel is on a planned trip to Indonesia.