International stocks trading in New York closed higher on
Thursday.
The BNY Mellon index of American depositary receipts rose 0.25%
to 145.73, the Asian index improved 0.3% to 155.02, the Latin
American index fell 0.19% to 217.56 and the emerging markets index
increased 0.25% to 263.94. Homeinns Hotel Group (HMIN, K3UD.SG) was
among the companies with ADRs that traded actively.
ADRs of Homeinns rose 3.9% to $31.35 after the Shanghai-based
hotel operator received a buyout offer from top executives hoping
to take it private, the latest in a line of Chinese companies to
receive such an offer this week alone. ADRs of China Lodging Group
Ltd. (HTHT) increased 7.9% to $29.02.
Raids that included offices of Deutsche Bank AG (DB, DBK.XE)
earlier this week targeted nine individuals in investigations
related to suspected tax evasion by the bank's clients, German
prosecutors said. The suspected individuals are employees of two
companies that do clearing and settlement of securities
transactions. The firms are the focus of prosecutors for allegedly
helping clients attempt aggravated tax evasion in 2008 by claiming
a total of 43 million euros ($48.7 million) in tax reimbursements.
Deutsche Bank ADRs rose 14 cents to $32.31.
Ryanair Holdings PLC (RYAAY, RYA.DB, RYA.LN) plans to appeal
Thursday's decision by the U.K.'s Competition and Markets Authority
that would require the budget airline to reduce its near 30% stake
in smaller Irish rival Aer Lingus Group PLC to 5%. Ryanair ADRs
rose 26 cents to $70.15.
Write to Tess Stynes at tess.stynes@wsj.com
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