International stocks trading in New York closed mixed Monday,
with the Bank of New York index of American depositary receipts
falling 0.4% to 150.34. The European index shed 0.6% to 149.92, the
Asian index dropped 0.7% to 141.38, the Latin American index added
2.2% to 289.42, and the emerging-markets index rose 0.6% to 276.29.
Among the companies with shares that actively traded was Rio Tinto
PLC (RIO, RIO.LN).
Mining company Rio Tinto said Monday it has withdrawn its
investment in one of the world's largest copper deposits by giving
its minority stake in Northern Dynasty Ltd., the developer of the
huge Alaskan Pebble copper and gold project, to two Alaskan
charities. Separately, the company failed to overturn a court
decision blocking the expansion of one of its largest Australian
coal pits, in the latest blow to its mining operations already
bruised by weak demand and commodity fuel prices. Shares edged up
0.6% to $55.65.
The investment arm of Brazil's Banco Bradesco SA (BBD, BBDC4.BR)
said for the first time it may look to expand into other Latin
American countries through acquisitions, following in the footsteps
of its three main rivals. "We don't have a target to expand
aggressively in the international arena. Our strategy remains in
the local market, but it is possible to see an acquisition in other
countries," said Bradesco BBI head Sergio Clemente at an investment
event sponsored by Bradesco. Shares added 5.2% to $14.87.
BT Group PLC (BT, BT.A.LN) has poached a former British Sky
Broadcasting Group PLC executive to head its fast-growing
television and sports business, as the rivals battle for
subscribers and prepare to square off for a crucial soccer-rights
auction. Shares slipped 1.2% to $62.14.
Barclays PLC (BCS, BARC.LN) agreed to settle a closely watched
case over allegations it wrongfully sold interest-rate products to
a nursing-home provider, heading off a potentially embarrassing
episode for the British bank. Shares fell 1.8% to $16.03.
New York's top financial regulator is investigating whether
Credit Suisse Group AG (CS, CSGN.VS) helped clients evade state tax
laws, according to The Wall Street Journal, which cited a person
familiar with the matter. Shares fell 1.8% to $32.07.
Write to Anna Prior at anna.prior@wsj.com
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