International stocks trading in New York were mixed on Tuesday.
The BNY Mellon index of American depositary receipts fell 1.4% to
142.16. The European index decreased 1.7% to 139.89, the Asian
index dropped 1.1% to 150.66, the Latin American index edged up
0.23% to 207.23 and the emerging markets index eased 0.12% to
256.95. Among the companies with shares that actively traded were
Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) and GOL Linhas
Aereas Inteligentes SA (GOL, GOLL4.BR).
Petroleo Brasileiro, or Petrobras, said its board approved the
sale of certain assets in Argentina for $101 million, part of
broader divestment plan. The Brazilian state-run oil firm expects
to post a fourth-quarter gain of $65 million related to the sale.
Petrobras plans to sell an estimated $13.7 billion of assets in
2015 and 2016. Shares rose 1.4% to $6.01.
GOL Linhas Aereas Inteligentes posted a wider fourth-quarter
loss amid increased hedging costs and as the depreciation of the
Brazilian real against the U.S. dollar led to increased
debt-service costs. The Brazilian budget airline's shares fell
nearly 4% to $2.43.
AngloGold Ashanti Ltd. (AU, ANG.JO) said it is seeking a joint
venture partner or a buyer for its only U.S. gold mine and has
received an approach to purchase it stakes in the Sadiola and
Yatela gold mines in Mali. The potential stake sales are in line
with the South Africa-based gold miner's strategy to simplify its
portfolio and generate more cash to lower its net debt of $3.13
billion. Shares fell 1.5% to $9.34.
Alcohol producers listed on euro stock exchanges with big
exposure to the U.S. dollar are performing strongly this year, UBS
said. RemyCointreau, Heineken and Pernod Ricard have seen their
shares rise sharply in the past three months with a boost from the
surging dollar. Improving U.S. consumer sentiment should support
momentum for the rest of the year, UBS said. However, the
investment bank added that Diageo PLC (DEO, DGE.LN) has struggled
because it lacks "an FX tailwind." Diageo shares fell 2.2% to
$110.57.
Philips NV (PHG, PHIA.AE) plans to sell a majority stake in its
lighting components and automotive-lighting activities to an
investment consortium in a cash deal that values the business at
about $3.3 billion. The sale marks the first step in the
Netherlands-based electronics group's two-part plan to exit the
lighting business to focus on medical equipment and
consumer-lifestyle products. Shares fell 1.5% to $28.34.
Samsung Electronics Co. (SSNHZ, 005930.SE) and LG Electronics
Inc. (066570.SE) on Tuesday made public a settlement of their
existing legal disputes, bringing a measure of peace to two of
South Korea's best-known conglomerates. The settlement includes the
companies' respective display affiliates and a dispute over organic
light-emitting-diode technology used in bright, ultra-thin displays
on many high-end smartphones and some televisions. LG Display Co.
(LPL, 034220.SE) shares fell 1.7% to $14.31.
Write to Tess Stynes at tess.stynes@wsj.com
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