Pursuits
Asian Stocks Retreat Most in Month After S&P Cuts Europe Ratings
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Asian stocks fell ahead of a debt sale today by France after Standard & Poor’s stripped the country of its top credit rating and cut eight other European nations on concern the region hasn’t done enough to contain its debt crisis.
Australia & New Zealand Banking Group Ltd., Australia’s third-largest lender by market value, slid 1.6 percent amid concern Europe’s crisis will hurt the global financial system. Sony Corp., which gets 21 percent of its revenue in Europe, lost