ADRs End Higher; Royal Bank of Scotland, Petrobras Trade Actively
13 Luglio 2017 - 12:25AM
Dow Jones News
By Bowdeya Tweh
International stocks trading in New York closed higher on
Wednesday.
The BNY Mellon index of American depositary receipts improved
1.13% to 142.76, the Asian index increased 1.16% to 163.02, the
Latin American index rose 2.25% to 230.07, the Europe index rose 1%
to 134.83, and the emerging-markets index improved 1.67% to
297.65.
Royal Bank of Scotland Group PLC (RBS) and Petroleo Brasileiro
SA (PBR) were among those with ADRs that traded actively.
U.K. government-controlled bank RBS agreed to pay $5.5 billion
to the Federal Housing Finance Agency to settle a probe into the
sale of soured mortgage-backed securities prior to the start of the
financial crisis. ADRs fell 1.5% to $6.58.
Brazil's former President Luiz Inacio Lula da Silva was
sentenced to serve nearly a decade in prison after being found
guilty of corruption and money laundering. Prosecutors said Mr. da
Silva received bribes from construction group OAS in exchange for
securing contracts with Petrobras, the state-owned oil company.
ADRs in Petrobras, which also announced its board approved an
initial public offering for its fuel-distribution business, rose 5%
to $8.44.
The European Union's official statistics agency said Wednesday
that output in factories, mines and utilities rose in May at the
fastest annual pace in more than five years. That news follows the
agency's announcement last week that the eurozone economy rose in
the first quarter at the fastest rate in two years. ADRs in
ArcelorMittal SA (MT) rose 1.2% to $24.55 and ADRs in BP PLC (BP)
rose 1.48% to $34.87.
Write to Bowdeya Tweh at bowdeya.tweh@wsj.com
(END) Dow Jones Newswires
July 12, 2017 18:10 ET (22:10 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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