Investors are fleeing once-popular emerging markets NEW YORK- If you think investors in U.S. stocks have had it rough, consider the hapless folks who followed Wall Street's advice to buy emerging market stocks. China was gobbling up raw materials from Brazil, Indonesia and Russia, and their stock markets were soaring. "Whatever is hot, Wall Street will race out with new products to catch the investor's eye," says Larry...
Source: The Associated Press
| By: By BERNARD CONDON and MATTHEW CRAFT, AP Business Writers
European shares slide to worst monthly performance since August 2011 *ENI rises after gas field discovery off Egypt. LONDON, Aug 31- European shares suffered their worst monthly performance in four years on Monday, as concerns over a Chinese economic slowdown and a possible U.S. interest rate rise hit the region's stock markets. Germany's DAX fell 0.4 percent and also posted its worst monthly performance since August 2011.
| By: Sudip Kar-Gupta
GRAINS-U.S. wheat weakens on demand woes; soy, corn falls too *Soybeans pressured by concerns about Chinese economy. CHICAGO, Aug 31- Chicago Board of Trade wheat futures fell for the fifth straight day on Monday, hitting their lowest in nearly four months on low demand for U.S. supplies on the export market, traders said. "Grain futures are steady to lower this morning, with another downturn in Chinese stock prices weighing on...
| By: Mark Weinraub
UPDATE 2-Africa's richest man, Nigeria's Dangote, plans Zimbabwe cement plant HARARE, Aug 31- Africa's richest man, Nigeria's Aliko Dangote, said on Monday he plans to open a $400 million cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment. "We've already decided to invest into Zimbabwe, that's why we are here. He held meetings with Zimbabwe's President Robert Mugabe and Vice...
| By: MacDonald and Dzirutwe