EMBR3 Embraer SA

International stocks trading in New York closed higher Wednesday.

The BNY Mellon index of American depositary receipts gained 0.28% to 130.96. The European index edged up 0.08% to 122.27. The Asian index improved 0.44% to 150.71. The Latin American index rose 1.4% to 223.35, and the emerging-markets index increased 0.96% to 265.93.

ABB Ltd. (ABB, ABBN.EB, ABB.SK) and Embraer SA. (ERJ, EMBR3.BR) were among the companies with ADRS that traded actively.

Swiss engineering giant ABB said Wednesday that lower restructuring costs helped boost fourth-quarter profit despite a slight drop in revenue. ADRS fell 3.6% to $22.61.

Workers at the BHP Billiton Ltd.-controlled Escondida mine in Chile, the world's largest copper-mining operation, are expected to strike Thursday, driving up copper prices on fears of a shortage of the metal and expectations it could trigger stoppages at other mines. ADRs of BHP (BHP, BHP.AU) fell 1.2% to $38.70.

Brazil on Wednesday opened a trade dispute with Canada, criticizing the Canadian government's latest round of financial support for struggling aircraft maker Bombardier Inc., a rival of Brazil's Embraer. Brazil filed a request for consultations with the World Trade Organization in Geneva, alleging Canada isn't living up to its obligations under global trade rules--the first step in launching a formal complaint with the WTO. If Brazil and Canada fail to resolve the matter in the next 60 days, a WTO-appointed panel will be asked to rule on Brazil's allegation. Embraer's ADRs fell 3% to $22.34.

Drugmaker Sanofi SA (SNY) has addressed all of the manufacturing deficiencies at the French plant where its new, promising rheumatoid arthritis treatment will be produced, Chief Executive Olivier Brandicourt said Wednesday. In October, the U.S. Food and Drug Administration had rejected sarilumab, a treatment being developed jointly by Sanofi and Regeneron Pharmaceuticals Inc., over deficiencies found at the plant. ADRs rose 2.4% to $41.21.

Swiss seed and pesticide maker Syngenta AG (SYT, SYNN.EB) Chief Executive Erik Fyrwald said Wednesday he expects government-owned China National Chemical Corp.'s proposed $43 billion acquisition to close in the second quarter. ADRs rose 2% to $86.45.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

February 08, 2017 18:32 ET (23:32 GMT)

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