International stocks trading in New York closed lower Wednesday, with the Bank of New York index of American depositary receipts dropping 0.3% to 147.34. The European index fell 0.4% to 147.93, the Asian index edged down 0.1% to 138.90, the Latin American index declined 0.2% to 265.45 and the emerging-markets index dropped 0.1% to 264.82. Among the companies with shares that actively traded are China Eastern Airlines Corp. (CEA, 0670.HK, 600115.SH, K3CD.SG).

China Eastern Airlines' 2013 net profit fell 25% as intensifying competition weighed on its profitability. The Chinese carrier, which operates out of the Shanghai financial hub, said Wednesday its net profit for the 12 months ended Dec. 31, 2013, was 2.38 billion Chinese yuan ($387 million), according to Chinese accounting standards, down from a net profit of CNY3.17 billion a year earlier. The results were in line with analyst forecasts, but shares fell 1.1% to $16.50.

Investors on Wednesday dumped shares in Brazilian phone company Oi SA (OIBR, OIBRC, OIBR4.BR) after Brazil's securities regulator allowed for a controversial plan for Oi to merge with Portugal Telecom SGPS SA, Portugal's largest telecom firm. Oi shares fell 8.7% to $1.37.

The U.K. government Wednesday said it has sold a 7.8% stake in Lloyds Banking Group PLC (LYG, LLOY.LN) at 75.5 pence (123.6 cents) a share, raising 4.2 billion pounds ($6.9 billion). Shares declined 2.7% to $5.02.

GlaxoSmithKline PLC (GSK, GSK.LN) on Wednesday said the European Commission has granted marketing authorization for its once-weekly diabetes treatment, Eperzan. Shares still edged down 0.6% to $53.59.

Write to Anna Prior at anna.prior@wsj.com

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