Economics
Arch, Coal Companies Decline Amid Chinese Interest-Rate Concern
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Arch Coal Inc., the second-biggest U.S. coal company, and other coal producers declined on concern China will raise interest rates, slowing economic growth and reducing energy demand.
Arch fell 97 cents, or 3 percent, to $31.82 at 10:36 a.m. in New York Stock Exchange composite trading. Alpha Natural Resources Inc., the third-biggest U.S. coal company, slumped $1.63, or 2.8 percent, to $55.60.