Thursday, May 24, 2007

European Stocks Fall on China Concern; BHP Billiton, Arcelor Shares Slip

(Bloomberg) -- European stocks declined for the first
time in three days after former Federal Reserve Chairman Alan
Greenspan said shares in China, the world's fastest growing major
economy, could face a ``dramatic contraction.''

BHP Billiton Ltd. and Arcelor Mittal paced a drop by
companies most affected by slowing demand from China. Volvo AB
fell after saying vehicle sales slid. GlaxoSmithKline Plc
decreased for a fourth day after a study linked its Avandia
diabetes drug to an increased risk of heart attacks.


Read more at Bloomberg Stocks News

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