International stocks trading in New York closed higher on Tuesday.

Nokia Corp. (NOK, NOKIA.HE) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts rose 1.5% to 123.34. The European index increased 1.1% to 121.43, the Asian index improved 1.7% to 130.43, the Latin American index rose 4.1% to 182.40 and the emerging markets index increased 2% to 229.15.

 

Nokia reported first-quarter results below expectations on sluggish mobile-network sales and charges related to the recent acquisition of French rival Alcatel-Lucent SA. ADRs fell 6.7% to $5.31.

 

Mining giant BHP Billiton Ltd. (BHP, BHP.AU) said it will forge ahead with investments to boost production capacity, particularly in copper and oil, despite the protracted rout in commodity prices. ADRs of BHP Billiton Ltd. rose 3.5% to $27.17 and BHP Billiton PLC (BBL, BLT.LN) increased 3.9% to $24.08.

 

ADRs of Credit Suisse Group (CS, CSGN.EB) rose 4.2% to $13.90 after the Zurich-based lender reported its first-quarter results. While Credit Suisse swung to its second consecutive quarterly loss, its wealth management business turned in better numbers than expected, encouraging investors.

 

ADRs of ING Groep NV (ING, INGA.AE) rose 2.6% to $11.94 after the Dutch bank reported first-quarter earnings, even as higher regulatory costs weighed on profits. Analysts said the regulatory costs overshadowed an otherwise solid operating performance, which benefited from robust interest income, lending growth and a drop in loan impairments.

 

A leading shareholder advisory group has criticized a decision by Royal Dutch Shell PLC (RDSA, RDSA.LN) to award its chief executive a chunky bonus in 2015 and recommended investors vote against the payment plans at the oil giant's annual meeting this month. ADRs rose 2.1% to $50.63 as oil prices strengthened.

 

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

 

(END) Dow Jones Newswires

May 10, 2016 17:59 ET (21:59 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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