Arch, Coal Companies Fall on Concern China Will Raise Rates to Slow Growth

- January 21st, 2011

Bloomberg.com reports that shares fell in coal companies because of fears of a rise in Chinese interest rates.

Bloomberg.com reports that shares fell in coal companies because of fears of a rise in Chinese interest rates.

The story is quoted as saying:

“Across the board looking at the commodity sector, they are all pretty much down this morning and that’s primarily due to China,” said Amer Tiwana, an analyst at CRT Capital Group LLC in Stamford, Connecticut. “Coal is one of the main commodities China uses.”

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