LONDON, Aug 31 (Reuters) - European shares suffered their worst monthly performance in four years on Monday, as concerns over a Chinese economic slowdown and a possible U.S.
DEVELOPING STORY. Nymex Crude Surges $3.98, or 8.8%, to $49.20/Barrel. Nymex Crude Settlement Highest Since July 21. Nymex Crude Posts Three-Day Percentage Gain of 27.46%, largest since 1990.
Just under six years ago, Brazil's economy was in such robust shape that The Economist published a cover illustration showing the statue of Christ the Redeemer in Rio de Janeiro blasting off like a rocket.
The discovery of a huge natural gas field off the Egyptian coast is a major boon for the country that will help alleviate energy shortages and boost the economy, experts said Monday.
Toshiba Corp. uncovered 10 new cases of accounting problems, including at a US unit, prompting it to miss a regulator's deadline for submission of its fiscal 2014 earnings release.