The Fed's actions are affecting emerging markets, but there's something else weighing things down: China.

Why our recovery is throwing emerging economies into a tizzy

Emerging markets are starting off 2014 in the worst place they've been in 5 years.

Changes in U.S. monetary policy could create problems in emerging markets.

Emerging markets that thrived during the recession are seeing the flow of capital dry up.

Developing nations haven't weathered the 2008 financial in the same way. One author says we should stop pretending they have.

From the Turkish lira to the South African rand, many emerging market currencies are down as U.S. interest rates increase.

Today, the Dutch beer giant, Heineken, says its facing sluggish growth because of lagging demand in Europe. It seems, on the whole, Europeans aren’t drinking away their sorrows over the debt crisis – not with beer anyway.

Heineken has offered $6 billion to buy Asia Pacific Breweries, which makes Tiger beer. Their giant bid was meant to elbow out a play by a billionaire from Thailand and get a stronger hold on the Southeast Asian market.

Stocks are down all over the world this morning as investors have their first chance to react to the Labor Department's May jobs report that came out on Friday. But the negative market sentiment isn't just about jobs.