Pursuits
European Stocks Drop; G-20 Rebuffs Boosting IMF Resources
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European stocks declined, extending last week’s retreat, as the Group of 20 nations rejected calls from the euro area to increase the International Monetary Fund’s lending resources.
HSBC Holdings Plc lost 3.7 percent after pretax profit at Europe’s largest bank missed analysts’ estimates. A.P. Moeller-Maersk A/S slipped 3.7 percent after saying that its container division will make a loss this year. Airlines fell as crude oil traded near a nine-month high.