Pursuits
European Stocks Fall; Eni, OMV Drop as Libya Concern Escalates
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European stocks declined as investors speculated that the unrest in Libya will cause energy prices to climb, fueling inflation and curbing economic growth.
Eni SpA and OMV AG both lost more than 4 percent amid speculation that the Libyan revolts will hinder the companies’ operations in the North African country. Merck KGaA advanced 4.5 percent as fourth-quarter earnings beat estimates. Alpha Bank SA soared 5 percent after the lender rejected an offer from National Bank of Greece SA.