International stocks trading in New York closed lower on Monday.
The BNY Mellon index of American depositary receipts fell 0.94% to
146.15. The European index decreased 1.14% to 141.79, the Asian
index dropped 0.31% to 150.41, the Latin American index fell 1.74%
to 266.63 and the emerging markets index declined 1.04% to 287.51.
Among the companies with shares that actively traded were AngloGold
Ashanti Ltd. (AU, ANG.JO) and Ryanair Holdings PLC (RYAAY, RYA.DB,
RYA.LN).
The chief executive of AngloGold Ashanti said in an interview
Monday low gold prices are the "biggest challenge" to the industry,
as the company reported it swung to a narrow profit in the third
quarter. Shares rose 22% to $10.12.
Ryanair Holdings PLC reported a 15% jump in profit for the three
months to end-September, with forward bookings so strong that the
Irish budget airline has again raised its profit outlook for its
fiscal year to end-March. The Dublin-based airline's robust
performance and bullish outlook vindicates recent shifts in its
commercial strategy, aimed in part at luring more business
travelers to its flights. Shares rose 6.1% to $58.95.
The British drinks giant Diageo PLC (DEO, DGE.LN) said Monday it
has entered into an agreement with Jose Cuervo, owned by the
Beckmann family of Mexico, to take full control of tequila brand
Don Julio. In return, Diageo will sell Irish whiskey label
Bushmills to the Mexican company. The asset-swap will result in a
net payment of $408 million to Diageo, which it will use to pay
down debt. Shares fell 1.6% to $116.09.
HSBC Holdings PLC (HSBC, HSBA.LN, 0005.HK) on Monday posted weak
third-quarter results as it set aside around $1.7 billion to cover
one-off charges, including $378 million to cover a potential
settlement in the U.K. Financial Conduct Authority's probe of
foreign-exchange markets. Chief Executive Stuart Gulliver said
redress and fines will continue to hit profit, but that the bank
"is still phenomenally profitable and cash generative even in spite
of those things." Shares fell 1.8% to $50.10.
Statoil ASA (STO, STL.OS) said on Monday that the giant Johan
Sverdrup oil field in the North Sea could generate revenue of 1.35
trillion Norwegian kroner ($199.21 billion) over the next five
decades. The Norwegian oil producer said the oil field could
produce up to 650,000 barrels of oil a day at its peak. Shares fell
2.4% to $22.41.
Write to Tess Stynes at tess.stynes@wsj.com
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