The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Credit ratings agency S&P Global has reshuffled its list of the countries that are most negatively affected in an environment of rising interest rates.
Following years of ultra-loose monetary policy since the global financial crash, central banks across the world have started to reverse their quantitative easing programs and have even raised benchmark rates in some cases.
Now, S&P global suggest that Turkey, Argentina, Pakistan, Egypt, and Qatar are the new "fragile five" and are the emerging market economies that are set to suffer the most with this new policy from developed nations.
Monetary conditions are "exceptionally accommodative" and, for some emerging markets, "the funding environment is now the most benign in living memory," Moritz Kraemer, S&P Global's managing director and sovereign global chief rating officer, said in a report on Monday.
"Yet the threat from monetary tightening is now more concrete than before," he noted.
The U.S. Federal Reserve has begun raising interest rates and the Bank of England took the same step last week, for the first time since 2007. The European Central Bank has also announced that it will reduce its purchase of government and corporate bonds starting next year.
Tighter monetary policy poses risks for emerging economies in a variety of ways. One is that it increases borrowing costs for these nations as the U.S. dollar usually rises as rates are hiked, and these countries borrow in dollars. Another is that raising rates means that American investors pour their money back into their home country in anticipation of higher yields.
In its assessment, S&P Global used seven variables, including current account balance as a percentage of growth and the percentage of debt denominated in foreign currency as part of the total debt the countries possess.
Turkey was the only sovereign nation that was always among the most vulnerable, regardless of the variable chosen, the rating agency noted.
"Qatar has a weak position on most flow variables, but is second only to Saudi Arabia on having a strong external asset balance sheet. Some observers might therefore argue that, because of its deep pockets, Qatar should not be in the new Fragile Five. If we exclude Qatar from that group, Colombia would take its place," Kraemer said in the report.
In 2015, Brazil, India, Indonesia, South Africa, and Turkey were the .