ERJ Embraer SA

   By Maria Armental 
 

International stocks trading in New York closed higher on Monday.

The BNY Mellon index of American depositary receipts rose 1.3% to 116.69. The European index improved 0.87% to 116.18, the Asian index gained 1.8% to 124.19. The Latin American index moved up 4.5% to 147.67. And the emerging-markets index rose 2.7% to 208.85.

BHP Billiton Ltd. (BHP, BHP.AU) and Petróleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) were among the companies with ADRs that traded actively.

AngloGold Ashanti Ltd. (AU, ANG.JO) reported a loss of $70 million in 2015, compared with a loss of $39 million a year earlier, beating expectations as the company continued to focus on reducing debt and improving margins even as gold prices continued to fall. ADRs rose 4% to $11.34.

After New York's market close, BHP Billiton, the world's largest mining company by market value, slashed its midyear dividend by 74%, a move it said would safeguard its balance sheet. The company, which had been under pressure from rating firms and some of its investors, had long pledged to maintain its dividend payouts. The cut comes as the miner posted a $5.67 billion first-half loss. ADRs, which had risen 5.5%during the day, fell 3% to $24.52 in after-hours trading.

HSBC Holdings PLC (HSBC, HSBA, 0005.HK) said on Monday that slower economic expansion in Asia and volatile markets could hit revenue and delay parts of its strategy this year, as it reported worse-than-expected fourth-quarter results Monday. The British bank swung to a $1.33 billion net loss in the last three months of 2015, from a $511 million net profit in the fourth quarter of 2014, mainly due to lower revenue from Asia and provisions to cover souring energy loans in the U.S. and elsewhere. The bank also disclosed a new probe by the U.S. Securities and Exchange Commission around its hiring practices in Asia, and said further potential financial crime has been found by the independent monitor overseeing the bank's compliance with a 2012 deferred prosecution agreement in the U.S. ADRs fell 1.8% to $31.60.

ADRs of Brazilian companies rose on Monday and the country's currency strengthened against the dollar as the price of oil and other hard commodities rose. Among the companies whose ADRs rose were iron-ore miner Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR), up 13.6% at $3.34; aircraft maker Embraer SA (ERJ, EMBR3.BR), up 3.7% to $30.25; and state-controlled oil company Petrobras rose 16.8% to $3.68 on Monday.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

February 22, 2016 18:00 ET (23:00 GMT)

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