Emerging Stocks Erase Gains for 2013 Year as Earnings Disappoint

Emerging Stocks Erase Gains for 2013 Year as Earnings Disappoint

Andrey Rudakov/Bloomberg

OAO Gazprom, Russia’s biggest energy producer, has lost 5.5 percent, as the company said its 2012 dividend may fall as much as 22 percent after weaker natural-gas sales in all markets reduced earnings.