ADRs End Mostly Higher; JD Trades Actively
September 12 2017 - 5:15PM
Dow Jones News
International stocks trading in New York closed mostly higher on
Tuesday.
The BNY Mellon index of American depositary receipts improved
0.31% to 148.52. The European index increased 0.35% to 138.31. The
Asian index improved 0.33% to 171.53. And the emerging-markets
index rose 0.20% to 323.22.
Meanwhile, the Latin American index edged down 0.02% to
257.07.
JD.com Inc. (JD) was among those with ADRs that traded
actively.
JD has hired a top Microsoft cloud-computing executive in China.
Samuel Shen, a Microsoft veteran of 24 years and the former general
manager of Microsoft's cloud and enterprise business in China, took
the job as JD's president of its cloud unit, Beijing-based JD said
in a statement Tuesday. ADRs rose 3% to $43.29.
ADRs of Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) rose
4.5% to $19.33 a day after the company announced the appointment of
Kare Schultz, an industry veteran, as its new CEO. "He brings
experience in running a global company, strong ability to execute
against a defined strategy and reputation as a straight talker,"
Alliance Bernstein said in a note. "All key for Teva."
HSBC Holdings PLC (HSBC, HSBA.LN, 0005.HK) is seeking a combined
$220 million claim from troubled milk producer China Huishan Dairy
Holdings Co. China Huishan has received two letters from HSBC
stating that it declared all loans, accrued interest and other
outstanding amounts under the facility agreement to be immediately
due and payable, as one or more events of default have occurred and
were continuing. The deadline for payment is within 3 days from
Monday, China Huishan said. ADRs rose 0.68% to $48.80.
(END) Dow Jones Newswires
September 12, 2017 17:00 ET (21:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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