Friday, July 27, 2007

Latin Stocks Head for Biggest Weekly Loss in 5 Months; Cemex Shares Fall

(Bloomberg) -- Latin American stocks headed for
their biggest weekly slide in five months after investors sold
riskier assets on concern that higher borrowing costs will curb
earnings and economic growth.

The Morgan Stanley Capital International index of Latin
American shares fell 1 percent to 3712.43 as of 1:28 p.m. New
York time. That brought its loss since July 20 to 7.6 percent.
Monterrey, Mexico-based cement-maker Cemex SAB led the retreat.


Read more at Bloomberg Emerging Markets News

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