New World Resources Falls for Second Day as Commodities Retreat
New World Resources Plc (NWR), the biggest Czech producer of coking coal, declined for a second day as commodities fell after the U.S. Federal Reserve cut growth estimates and a report showed China’s manufacturing may shrink.
The stock retreated 0.4 percent to 102.59 koruna by 10:01 a.m. in Prague, after earlier slumping as much as 2.8 percent. Europe’s benchmark coal futures contracts slid 1.1 percent to $95.70 a metric ton in the Netherlands.
To contact the reporter on this story: Krystof Chamonikolas in Prague at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com