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A Rookie's Guide to Investing in Emerging Markets

The U.S. stock market's recent gyrations have many investors ready to look overseas for better returns. But it's a complicated world out there, which is why many less-experienced investors are still sitting on the global sidelines. Here's what you need to know make investing in emerging markets a little less scary.

Food, Clothing Prices Should Fall As Commodities Tumble

Over the past year, the prices of many commodities have risen at record paces to record highs. But recently, those prices have begun to plunge, and consumers should begin to see the effects of those declines fairly soon, in the form of less-expensive groceries and clothing.

Is GM's Rebound the Real Deal?

Detroit's revival is nearly complete: Chrysler recently made its first profit in five years, Ford has posted its best results since 1998, and GM is poised to retake the crown as the world's biggest automaker. But to hold onto that position, GM will have to adjust to a rapidly shifting auto market.

Three Stocks Set to Soar on Emerging Market Growth

Sky-high oil prices may slow U.S. economic growth in the quarters ahead, so prudent investors may want to put some money into companies with strong international operations that can take advantage of growth elsewhere. Here are three impressive options.

Is Oil Output Peaking or Not? Either Way, Cheap Oil Is Gone

Proponents of the peak-oil theory can muster studies and statistics backing their claim that declining global oil output is nigh. Critics point to new technologies and unconventional oil fields as saviors. Either way, a return to the days of $1.50-a-gallon gasoline isn't going to happen.

IMF Lays Out the Challenges Ahead for Global Recovery

In its latest report, the IMF applauds national policymakers for stabilizing credit markets and putting the global economy on a recovery track. However, thorny problems remain -- including how to prevent overheating in emerging markets, and how to cut the U.S. deficit while lowering its unemployment rate.

Investigators Expand Probe into Hewlett-Packard

Hewlett-Packard (HPQ) said that prosecutors investigating charges of bribery in Russia have expanded the probe to other regions. The Justice Department and SEC are examining if HP engaged in illegal activities related to deals in Russia, Serbia and the Commonwealth of Independent States, Bloomberg News reported. The deals date back to 2000.

Pepsi to Take $3.8 Billion Stake in Russian Company

PepsiCo (PEP) will buy a 66% stake in Russian food and beverage company Wimm-Bill-Dann Foods for $3.8 billion. The deal will make Pepsi the largest food and beverage company in Russia, the company said in a statement. It will also boost annual global revenues from "nutritious and functional foods" to almost $13 billion from around $10 billion today.

Russia Investigates Alleged Spam Kingpin

Russia%u2019s police may have cut down the amount of spam in your inbox by opening an investigation of an alleged spam kingpin. Russian officials began the investigation of Igor A. Gusev Tuesday, The New York Times reported. Officials said Gusev likely fled the country.

BP to Sell Venezuela, Vietnam Assets for $1.8 Billion

BP (BP) will sell a total of $1.8 billion of assets in Venezuela and Vietnam to TNK-BP to raise money to fund the Gulf of Mexico oil spill clean up. TNK-BP, a joint venture between BP and a group of Russian billionaires, will make a $1 billion deposit by Oct. 29 and pay the rest in the first half of 2011, Bloomberg News reported.

Can the Global Economy Thrive Without the U.S.?

Three years ago, the financial crisis that hit America spread across the globe, dragging the world into its deepest recession in seven decades. Now, the U.S. recovery is losing momentum, but economists say this time, when America sneezes, the world doesn't have to catch a cold.

Russia to Buy 50 New Boeing 737 New Generation Airliners

Russia will buy 50 new Boeing (BA) 737 Next Generation airliners in a deal worth $3.7 billion. Russian Technologies, a state-owned company that manages the government%u2019s stakes in 12 regional airlines, will buy the aircraft, The Associated Press said. The deal also gives Russian Technologies an option for another 35 jetliners.

Wheat Rises as Russia Extends Ban, Mozambique Strike Continues

Wheat prices rose after Russia extended an export ban on grains and high food prices prompted a strike in Mozambique. Wheat for December delivery rose as high as $7.2475 a bushel in Chicago trading, Bloomberg News reported. Russia, crippled by drought and wildfires in crop-growing areas, said Thursday that its ban on grain exports would last until after the next harvest.

Coca-Cola Buys Russian Juice Maker

In a move to gain a larger share of the beverage market outside of North America, Coca-Cola (KO) has bought Russian juice maker Nidan Juices, The Wall Street Journal reported Wednesday

European Wheat Prices Remain High on Russia Concerns

Wheat prices in Europe lingered above 220 euros a ton on concerns related to Russia%u2019s drought. November milling wheat fell 0.50 euros, or 0.22% to 223 euros a ton at 5:41 am EDT on Euronext, Reuters reported. Prices rose almost 7% in the previous session.

Wildfire Smoke Delays Over 140 Flights Out of Moscow

Thick smoke from peat and forest fires delayed over 140 flights from Moscow airports as the city continues to battle the effects of a crushing heat wave. Visibility is below 700 meters at some airports, and was below 400 meters earlier, Bloomberg News reported. Carbon monoxide pollution is now 4.8 times the acceptable limit.

Russian Heatwave Drives Wheat Prices to 22-Month High

Prices for the staple crop have jumped 50% since late June, topping $7 a bushel on the Chicago Board of Trade. A prolonged drought in Russia, one of the world's largest wheat exporters, has severely damaged crops, and wildfires have swept through some agricultural areas. Prices for the staple crop have jumped 50% since late June, topping $7 a bushel on the Chicago Board of Trade, BBC News reported.

BP CEO Tony Hayward Gets Banished to Siberia

Embattled BP CEO Tony Hayward, whose penchant for verbal gaffes deepened the psychological wounds caused by the worst oil spill in U.S. history, will step down from the top job effective Oct. 1 to take over as head of BP's joint venture in Russia, TNK-BP.

Microsoft Says Alleged Russian Spy Was Employee

Microsoft Corp. (MSFT) said that one of the members of an alleged Russian spy ring in the U.S. worked for the company at its headquarters in Redmond, Wa. Alexey Karetnikov, a Russian citizen in his early 20s, worked as a software tester for Microsoft for nine months, Bloomberg News reported.

BP CEO Hayward to Meet Putin's Deputy in Russia

BP CEO Tony Hayward is traveling to Moscow to meet with Igor Sechin, a top deputy to Russian Prime Minister Vladimir Putin. The meeting comes as Russian President Dmitry Medvedev is calling for a levy on oil companies to finance a fund to pay for cleaning up the industry's environmental disasters.

Can Russia Bring Silicon Valley to Moscow?

Russian President Dimitry Medvedev visited California this week in an attempt to establish economic ties with the U.S. -- and to entice Russian entrepreneurs to set up shop back home.

Where's All the Gold? Start With the U.S. Fed

Investors are piling into gold bullion, gold coins, gold-focused mutual funds and ETFs -- and who can blame them? With the world awash in more than $200 trillion in debt, it's not unreasonable to question the long-term value of fiat currency like the dollar.

China to Benefit from Afghan Mineral Riches

The conflict in Afghanistan has cost the U.S. more than $940 billion, but recently, Americans have discovered that nation is sitting on upwards of $1 trillion in untapped mineral deposits. But the resources we've found are are likely to end up getting mined by Russian and Chinese firms.

How Best to Ride the Emerging-Market Boom?

The U.S. stock markets had a dismal decade, but many emerging economies delivered blockbuster growth. That's prompting investors in the developed world to grapple with how to take advantage of the explosive growth abroad -- without getting burned.