BHP, Xstrata slide after European stocks drop on recession concerns, Vedanta Resources tumble, KBC Group NV lose third quarter

European stocks fell for the first time in three days after U.S. retail sales tumbled and U.K. unemployment climbed to the highest in almost two years, heightening concern economies are slipping into recession.

BHP Billiton Ltd. dropped 15 percent and Xstrata Plc plunged 20 percent as copper retreated and concern deepened $2 trillion in funds for banks won’t be enough to stave off a global economic contraction. Vedanta Resources Plc tumbled 17 percent as the global credit crisis threatened the purchase of Asarco LLC. KBC Group NV slumped 19 percent after reporting a net loss in the third quarter.
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