International stocks trading in New York closed lower on
Monday.
The BNY Mellon index of American depositary receipts edged down
0.6% to 146.29. The European index decreased 0.4% to 143.30, the
Asian index decreased 1.1% to 155.42, the Latin American index fell
1.1% to 220.61 and the emerging markets index eased 0.8% to 270.99.
Alcatel-Lucent (ALU, ALU.FR) and Nokia Corp. (NOK, NOK1V.HE) were
among the companies with ADRs that traded actively.
ADRs of Alcatel-Lucent and Nokia rose following a Bloomberg News
report that Nokia is in advanced talks to acquire wireless assets
of Alcatel-Lucent. Bloomberg News reported an agreement could be
reached this week, though no deal has been reached and talks could
still fall apart. Alcatel-Lucent rose 7.7% to $4.35 and Nokia
increased nearly 3% to $8.30.
Standard & Poor's Ratings Services placed the credit ratings
of eight iron ore producers on watch for possible "negative ratings
actions" on expectations that "the severe supply and demand
imbalance in the iron ore market could continue for the next two
years." The credit ratings firm also cut its outlook for iron-ore
prices. The companies included Anglo American PLC (AAUKY, AAL.LN),
BHP Billiton Ltd. (BHP, BHP.AU), CAP SA (CAP.SN), Eurasian
Resources Group, Exxaro Resources Ltd. (EXXAY, EXX.JO), Fortescue
Metals Group (FSUGY, FMG.AU), Rio Tinto PLC (RIO, RIO.LN) and Vale
SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR). ADRs of BHP Billiton Ltd.
fell 4.2% to $43.90 and BHP Billiton PLC (BBL, BLT.LN) decreased 4%
to $41.32. Vale declined 2.8% to $5.87 and Rio Tinto dropped 1.2%
to $40.96.
ADRs of Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) rose
3.2% to $8 after a report the Brazilian state-run oil company plans
to sell a stake it owns in chemical company Braskem SA (BAK,
BRKM5.BR) to raise cash. Braskem ADRs fell four cents to $7.55.
Royal Dutch Shell PLC (RDSA, RDSA.LN) said it has accepted
offers for the sale of 185 owned service stations to selected
independent dealers for undisclosed sums, and exchanged contracts
for 158 of them. The transactions mark the completion of plans the
oil titan embarked on last year to reduce the number of Shell
company-owned service stations and expand its dealer network. ADRs
rose seven cents to $59.80.
Norwegian oil company Statoil ASA (STO, STL.OS) said it has made
a second new gas find near the Aasta Hansteen gas project in the
Norwegian Sea, which together with a discovery last month could
increase the project's recoverable gas volumes by a quarter. ADRs
fell 1.2% to $18.80.
Write to Tess Stynes at tess.stynes@wsj.com
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