International stocks trading in New York closed mostly higher
Tuesday, with the Bank of New York index of American depositary
receipts rising 0.6% to 151.21. The European index rose 0.8% to
151.05, the Asian index increased 0.3% to 141.80, and the
emerging-markets index jumped 1.1% to 279.28. The Latin America
index, however, slipped 0.2% to 288.88. Among the companies with
shares that actively traded was Veolia Environnement (VE,
VIE.FR).
Baidu Inc.'s (BIDU) Qunar travel website is in discussions to
tie up with Ctrip.com International Ltd. (CTRP), Bloomberg reported
Tuesday, citing two people with direct knowledge of the talks. A
range of possibilities including a full merger to a partnership are
under discussion, these people said, adding that talks are still at
an early stage.
Barclays analyst Jamie Yeh initiated coverage on the solar
sector, and listed Chinese solar panel maker JinkoSolar Holding Co.
(JKS) as its top pick. The bank called Jinko one of the most
cost-effective solar module makers in China, and also touted
efforts to diversify into Japan and the U.S. and develop downstream
solar farm projects.
Brazilian state-owned energy giant Petroleo Brasileiro SA
(PETR3.BR, PBR), or Petrobras, has secured a loan of 4 billion
reais ($1.82 billion) from private bank Banco Bradesco SA to
finance its refinery projects, a source close to the transaction
said.
Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) said it won
U.S. Food and Drug Administration approval for the generic
equivalent of Lovaza, a treatment used to lower very high fat
levels in adults. Teva expects to begin to ship the generic
offering immediately.
Veolia Environnement, the world's largest water and waste
collection utility, seeks to double the revenue it gets from
treating water and waste for the mining and metal industries by
2020. Veolia already provides water treatment for many of the
world's largest mines, Chief Executive Officer Antoine Frerot told
reporters in a presentation Tuesday. Mining operations are often
located in faraway areas where water is scarce and the risk of
pollution is high, he said.
Write to John Kell at john.kell@wsj.com
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