GOL Gol Linhas Aereas Inteligentes SA

International stocks trading in New York closed higher on Wednesday.

BHP Billiton was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts rose 0.8% to 122.37. The European index increased 0.4% to 120.59, the Asian index improved 1.2% to 131.75, the Latin American index rose 1.8% to 163.08 and the emerging markets index increased 2.1% to 223.75.

BHP Billiton Chief Executive Andrew Mackenzie said in an interview with The Wall Street Journal that the Anglo-Australian mining giant is sizing up deals for petroleum and copper assets that could offer an immediate boost to profits amid what it now expects to be a prolonged period of low commodity prices. ADRs of BHP Billiton Ltd. (BHP, BHP.AU) rose 4% to $26 and BHP Billiton PLC (BBL, BLT.LN) increased 3.6% to $22.69.

Anheuser-Busch InBev NV (BUD, ABI.BT) sold 13.25 billion euros ($14.8 billion) in debt in the largest sale ever of euro-denominated corporate bonds. The world's largest brewer plans to use the proceeds to finance a portion of its $108 billion takeover of rival drinks firm SABMiller PLC (SBMRY, SAB.LN, SAB.JO). The deal comes amid a flurry of bond sales from European companies this week. The increased activity follows the European Central Bank's announcement last week that it will start buying corporate debt later this year. ADRs rose 72 cents to $117.23.

Baidu Inc. (BIDU, K3SD.SG) will soon start testing autonomous cars in the U.S., part of the Chinese tech giant's effort to introduce a commercially viable model by 2018. The move, disclosed by Baidu's chief scientist Andrew Ng in an interview, is a significant step for the company, which is trying to get ahead in the race to build autonomous cars and is now calling on the resources of its Silicon Valley tech center to advance the effort. ADRs rose 1.6% to $183.05.

Cheetah Mobile Inc. (CMCM) issued first-quarter revenue guidance that missed analysts expectations and signaled slower growth at the Chinese mobile utility and security app company. ADRs rose 11 cents to $15.96.

Low-cost airline GOL Linhas Aereas Inteligentes SA (GOL, GOLL4.BR) continues to come under pressure from Brazil's economic woes, with traffic down 4.1% in the first two months of the year and the percentage of seats filled sliding to 79.2% from 80.1%. Brazilians are delaying vacation plans as the country's economic recession deepens. ADRs fell 1.8% to $7.08.

A U.S. jury declared valid two Amgen Inc. (AMGN) patents linked to the company's recently approved cholesterol-lowering drug, delivering a setback to Regeneron Pharmaceuticals Inc. (REGN) and Sanofi (SNY), makers of a rival drug. Regeneron and Sanofi, in a prepared statement, said they "strongly disagree" with the verdict by the Delaware jury and that they plan to appeal. Amgen, in a separate statement, said it was thankful for the verdict and that proceedings will follow on damages and whether a permanent injunction will be approved that would remove the rival drug from the market. Sanofi's ADRs fell 1% to $40.76.

The U.S. consumer unit of Banco Santander SA (SAN, SAN.MC) said it has again missed the deadline to file its annual report after regulators raised questions about how it provisions for loans. The second delay in the publishing of Santander Consumer's 2015 annual accounts escalates the problems facing Santander Executive Chairman Ana Botin in the U.S. Ms. Botin has appointed new executives in the U.S. and stepped up meeting with regulators to try to shape up the Spanish-lender's U.S. operations. ADRs fell 1.1% to $4.71.

Write to Tess Stynes at tess.stynes@wsj.com

(END) Dow Jones Newswires

March 16, 2016 17:50 ET (21:50 GMT)

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