TI Telecom Italia S.P.A. New

International stocks trading in New York closed higher on Tuesday. The BNY Mellon index of American depositary receipts rose 1.1% to 126.13. The European index increased 1.1% to 125.37, the Asian index improved 0.9% to 136.88, the Latin American index rose 1.8% to 151.17 and the emerging markets index increased 2% to 218.07. Telecom Italia SpA (TI, TIA, TIT.MI) was among the companies with ADRs that traded actively.

Vivendi SA secured four seats on the board of Telecom Italia SpA (TI, TIA, TIT.MI), winning a key battle to gain greater influence over the struggling telecom operator. Telecom Italia shareholders approved Vivendi's request to expand Telecom Italia's board to 17 members from 13 members and appoint four directors representing the French media company. Vivendi also blocked a share-conversion plan proposed by Telecom Italia's management that would have heavily diluted its stake. Telecom Italia's ADRs rose 3.8% to $12.47.

Alibaba Group Holding Ltd. (BABA) and Walt Disney Co. are launching a so-called over-the-top content system in China to rev up sales of movie-related toys, books and trips to Disneyland. The two companies announced Tuesday that they struck a multiyear licensing agreement and will begin pre-sales of the system, called DisneyLife, immediately through Alibaba's online shopping site Tmall. Alibaba ADRs rose 2.4% to $82.49.

ADRs of Bona Film Group Ltd. (BONA) rose 1.8% to $13 after arms of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. (TCEHY, 0700.HK) joined investors that had offered to take the Chinese film studio and distributor private in June.

Royal Dutch Shell PLC (RDSA, RDSA.LN) plans to expand its presence in China through a petrochemical joint venture with state-controlled China National Offshore Oil Corp., or Cnooc. The Anglo-Dutch oil company Tuesday announced plans to extend an existing joint venture in China's Guangdong province. The deal remains subject to final agreements and regulatory approvals, but if finalized will double the joint venture's ethylene production capacity and add other chemical units. Shell's ADRs rose 1.7% to $44.68.

Sanofi (SNY) said Tuesday it has entered exclusive negotiations with Boehringer Ingelheim GmbH on a possible exchange of its animal-health business for most of the German group's consumer-health-care unit. Sanofi's ADRs rose 3.4% to $42.94.

Statoil ASA (STO, STL.OS) said Tuesday it had awarded contracts valued at as much as 24 billion Norwegian kroner ($2.77 billion) for the maintenance of its offshore and onshore oil and gas installations in Norway, saying it had designed a new compensation system to save more money on oil services. ADRs rose 2.8% to $14.45.

Argentina's state-run oil company, YPF SA (YPF, YPFD.BA), and Dow Argentina, the local unit of Dow Chemical Co. (DOW), said Tuesday they will invest $500 million in 2016 to explore for shale gas. The companies, which have already invested $350 million in a joint shale gas venture, said in a statement that total investment could reach $2.5 billion in coming years. YPF's ADRs rose 3% to $16.38.

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

(END) Dow Jones Newswires

December 15, 2015 17:48 ET (22:48 GMT)

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