Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

NWR Snaps Two-Day Drop as Japan Boosts Coal Price: Prague Mover

Don't Miss Out —
Follow us on:

Sept. 19 (Bloomberg) -- New World Resources Plc, the Czech Republic’s biggest producer of coking coal, snapped two days of losses as additional stimulus from the Bank of Japan boosted demand for riskier assets.

The stock climbed as much as 1.5 percent and traded 0.6 percent higher in Prague, after sliding 1.6 percent in the previous two days. Europe’s benchmark coal contracts rose 0.4 percent to $99.50 a metric ton in the Netherlands.

Stocks rallied after Japan’s central bank unexpectedly expanded its asset-buying program, following plans announced by the U.S. Federal Reserve and the European Central Bank to spur growth and contain the debt crisis. U.S. data showed home sales in the world’s largest economy jumped to a two-year high.

“European stock exchanges have followed Asian markets higher after an unexpected monetary-policy loosening by Japan’s central bank,” Josef Nemy, an analyst at Komercni Banka AS in Prague, wrote in an e-mail to clients today.

To contact the reporter on this story: Krystof Chamonikolas in Prague at

To contact the editor responsible for this story: Gavin Serkin at