Emerging market crisis will be 'double edged sword' for developed world

Stephanie Baxter
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The emerging market (EM) crisis sparked by China's economic slowdown will be much more damaging for developed markets than the 1997 Asian financial crisis, warn investors.

Global equity markets have suffered major falls in recent days following China's surprise decision to devalue its currency in a bid to prop up the country's slowed growth. Fidelity Worldwide In...

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