International stocks trading in New York closed mixed on
Wednesday, with the Bank of New York index of American depositary
receipts slipping 0.3% to 153.91. The European index fell 0.5% to
154.16, the Asian index dropped 0.2% to 144.60, the Latin American
index rose 0.9% to 286.83 and the emerging markets index added 0.4%
to 283.84. Among the companies with shares that actively traded was
Infosys Ltd. (INFY, 500209.BY).
Infosys on Wednesday said its president and board member B.G.
Srinivas is resigning, becoming the latest leader to leave India's
second-largest software exporter by sales. The company said in a
statement that Mr. Srinivas would be stepping down on June 10, but
it didn't give any reason for his resignation or name a
replacement. Shares fell 3.3% to $51.16.
HSBC Holdings PLC (HSBC, HSBA.LN, 0005.HK) named a new head of
its Asia mergers-and-acquisitions team as part of a shuffling of
the company's investment-banking team in the region, according to
The Wall Street Journal, citing a person familiar with the matter.
Jason Rynbeck, who was previously vice chairman of Asian-Pacific
M&A at Barclays PLC (BCS, BARC.LN), will take over mergers and
acquisitions starting in August, the person said. Mr. Rynbeck left
Barclays earlier this month amid a wave of departures from the
bank. HSBC shares added 0.8% to $52.62, while Barclays shares fell
0.4% to $16.37.
European Union antitrust authorities on Wednesday said they had
cleared Hong Kong-based conglomerate Hutchison Whampoa Ltd.'s
(HUWHY, 0013.HK) EUR780 million ($1.06 billion) purchase of
Telefonica SA's (TEF, TEF.MC) O2 Ireland, subject to conditions.
The deal, which will reduce the number of mobile-phone operators in
Ireland from four to three, has been closely watched by investors
for signs of how EU authorities will treat further mergers in
Europe's rapidly consolidating telecom sector. Telefonica shares
slipped 0.2% to $16.57.
GlaxoSmithKline PLC (GSK, GSK.LN) is being investigated by the
U.K.'s Serious Fraud Office for possible criminal violations in its
commercial practices, the pharmaceutical company said Tuesday.
Shares fell 2.2% to $53.78.
Eni SpA (E, ENI.MI) approved a new corporate structure that the
oil and gas company says will make it more efficient and lead to
cost reductions. Eni will incorporate two companies it owns and
create four new business units to go along with two existing ones.
Shares slipped 0.6% to $51.11.
Write to Anna Prior at anna.prior@wsj.com
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