ADVFN - Advanced Financial Network.
HOME» NYSE » E » EC Stock Price » EC Stock News

Engelhard Share News

 Ecopetrol Sa Stock Price
EC Stock Price
 Ecopetrol Sa Stock Chart
EC Stock Chart
 Ecopetrol Sa Stock News
EC Stock News
 Ecopetrol Sa Company Information
EC Company Information
 Ecopetrol Sa Stock Trades
EC Stock Trades

ADR Report: Shares Fall On Resurging Fears of Euro-Debt Issues

By Maya Pope-Chappell Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed lower Thursday as European bank shares fell sharply on resurging fears over the euro zone's debt problems. The Bank of New York index of ADRs ended down 1.1% to 121.40, hampered by Europe's banks. Germany's Commerzbank AG (CRZBY, CBK.XE) and Deutsche Bank AG (DB, DBK.XE) were both down after Italian bank UniCredit SpA (UNC.MI, UNCFF) said its EUR7.5 billion rights issue would be heavily discounted. This reignited concerns that the German banks might both need similarly large capital increases. Commerzbank shares lost 3.6% to $1.63 and Deutsche Bank shares fell 6.2% to $36.23. French banks also came under pressure. Credit Agricole SA (CRARY, ACA.FR) closed 5.7% lower at $2.64, BNP Paribas SA (BNPQY, BNP.FR) declined 5.3% to $18.76, and Societe Generale SA (SCGLY, GLE.FR) was off 4.1% to $4.24. The European index declined 1.6% to 112.66. Total SA (TOT, FP.FR) Chairman and Chief Executive Christophe de Margerie said the French oil major's European refining margins were negative in December. Shares lost 2% to $51.21. J.P. Morgan Cazenove lowered AstraZeneca PLC (AZN, AZN.LN) to underweight from neutral and Sanofi (SNY, SAN.FR) to neutral from overweight. The firm said that, due to 2011 market turmoil, their improvements in pharma fundamentals have gone largely unnoticed and have yet to be reflected in valuations. Shares of Sanofi were down 2.1% to $35.73, and AstraZeneca closed 1.3% lower at $46.85. The Latin American index declined 1.4% to 339.32, and the emerging-markets index slipped 0.1% to 282.68. The Brazilian real weakened against the U.S. dollar on renewed worries about European debt and economic growth prospects. Shares in the country's biggest companies also declined, with mining giant Vale SA (VALE, VALE5.BR) sliding 2.7% to $22.75 and state-run oil company Petroleo Brasileiro, or Petrobras, (PBR, PETR4.BR) closing down 1.3% to $26.11. Crude-oil futures prices slumped below $102 a barrel after news that U.S. oil inventories rose last week due to weak demand. The news weighed on shares of the region's oil companies. Colombia's Ecopetrol SA (EC, ECP.T, ECOPETROL.BO) eased 0.1% to $45.96. The Asian index closed fractionally lower at 116.97. Japan's Securities and Exchange Surveillance Commission has asked U.S. and other overseas securities market regulators for information on the Olympus Corp. (OCPNY, 7733.TO) cover-up, including the company's positions in foreign funds used to hide investment losses, The Nikkei reported early Friday. The camera maker's shares slipped 0.5% to $13. Hitachi Ltd. (HIT, 6501.TO) provided some cheer. Its shares gained 1% to $54.65 as it disclosed the purchase of German firm Huco Automotive GmbH with an eye toward gaining access to sales networks in 70 European and other countries, The Nikkei reported early Friday. -By Maya Pope-Chappell, Dow Jones Newswires; 212-416-3670;

Stock News for Engelhard (EC)
06/24/201612:30:00Ecopetrol offers 20 production assets to oil and gas companies
06/24/201612:30:00Ecopetrol offers 20 production assets to oil and gas companies
06/22/201606:02:26Report of Foreign Issuer (6-k)
06/20/201613:12:00Total Gabon : Nombre total d’actions et de droits de vote au...
06/20/201612:50:00Total Gabon : Nombre total d’actions et de droits de vote au 3...
06/17/201612:29:00Total Gabon : ASSEMBLÉE GÉNÉRALE ORDINAIRE DU VENDREDI 17 JUI...
06/17/201608:40:00Major Integrated Oil & Gas Stocks Technical Study -- Royal Dutch...
06/15/201611:50:05Report of Foreign Issuer (6-k)
06/15/201606:04:48Report of Foreign Issuer (6-k)
06/10/201617:14:00Ecopetrol Successfully Priced an International Bond for US$500...
06/10/201617:14:00Ecopetrol Successfully Priced an International Bond for US$500...
06/10/201616:35:24Report of Foreign Issuer (6-k)
06/09/201617:27:06Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/08/201617:25:39Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/08/201608:41:02Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
06/08/201608:37:42Report of Foreign Issuer (6-k)
06/07/201617:20:00Ecopetrol Continues the Implementation of Hedge Accounting Policy
06/07/201617:20:00Ecopetrol Continues the Implementation of Hedge Accounting Policy
06/07/201616:59:11Report of Foreign Issuer (6-k)
06/02/201612:29:00Results of the Second Auction for Ecopetrol's Equity Divestment...

Engelhard and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations