CSL Ltd., the world’s second- biggest maker of treatments made from blood, fell the most in 21 months in Australian trading after its larger rival, Baxter International Inc., cut its 2010 earnings forecast.
Asian stocks fell for a third day, with the regional benchmark index heading for its lowest close in almost a year, as speculation the U.S. Federal Reserve will announce further measures to stimulate the economy failed to temper concern Europe’s debt crisis will worsen.
Asian stocks dropped for a third time in four days as concern mounted Europe’s debt crisis will spread and as South Korea proceeded with an artillery drill that has prompted threats of retaliation from North Korea.
Qantas Airways Ltd. Chief Executive Officer Alan Joyce is trying to appease passengers while facing a 21-day deadline to settle labor disputes that spurred him to shut down Australia’s largest airline.
Asian stocks fell on concern Europe may be unable to halt the spread of its sovereign-debt crisis, denting the outlook for the global economy. The regional benchmark pared its decline after Hong Kong reversed losses.
U.S. stock futures slid, indicating the Standard & Poor’s 500 Index may extend its largest four-week losing streak since 2009, and oil sank on speculation the global economy is stalling. The yen and Swiss franc weakened on concern Japan and Switzerland will weaken their currencies.