Shell ordered to suspend Arctic offshore drilling

(Reuters) - ANCHORAGE, Alaska, July 20 - A U.S. federal
appeals court has ordered Royal Dutch Shell Plc to
suspend oil exploration operations in the Beaufort Sea off the
north coast of Alaska pending a legal challenge being brought
by environmental activists and Alaska native groups.




The ruling deals a serious blow to Shell's plan to drill up
to four exploration wells during the brief Arctic summer to
test a $44 million bet the company placed on the region in
2005. Oral arguments in the case are set for August 14 in San
Francisco.


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European Stocks Decline; Barclays, Siemens, Royal Dutch Shell Lead Drop

(Bloomberg) -- European stocks fell for a second
day, led by banks and exporters, on concern that mounting U.S.
mortgage losses will hamper the world's biggest economy and slow
global expansion.

Barclays Plc, the U.K.'s third-largest bank, and engineering
company Siemens AG led declines. Royal Dutch Shell Plc retreated
after Goldman, Sachs & Co. recommended investors sell the oil
producer's shares.


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HSBC, Allied Irish Lead Retreat in U.K., Irish Stocks; Shell, BP Decline

(Bloomberg) -- U.K. stocks fell for a second day, led
by HSBC Holdings Plc and HBOS Plc on concern losses in subprime
mortgages in the U.S. will erode economic and earnings growth.

Royal Dutch Shell Plc and BP Plc dropped after Goldman,
Sachs & Co. downgraded the shares and crude oil retreated.


Read more at Bloomberg Stocks News