ADRs End Lower; China Southern Airlines, Royal Dutch Shell Trade Actively
January 15 2016 - 5:36PM
Dow Jones News
International stocks trading in New York closed lower
Friday.
The BNY Mellon index of American depositary receipts fell 3.7%,
to 115.21. The European index declined 3.5%, to 115.40; the Asian
index fell 3.9%, to 124.17; the Latin American index decreased
3.7%, to 129.04; and the emerging markets index dropped 3.95%, to
192.53. China Southern Airlines Co. (ZNH, 1055.HK, 600029.SH,
K3TD.SG) and Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN)
were among the companies with ADRs that traded actively.
Alibaba Group Holding Ltd.'s (BABA) Best Logistics Technologies
Ltd. has launched a $700 million fundraising ahead of a planned
initial public offering, according to a disclosure statement by
International Finance Corp., the World Bank's private-sector
investment arm. ADRs fell 3.7%, to $69.59.
ADRs of BHP Billiton Ltd. (BHP, BHP.AU) fell 7%, to $20.19, on
Friday, a day after the global mining giant said it would take a
roughly $7.2 billion pretax charge against its U.S. onshore energy
assets, as the downturn in global oil-and-gas prices bites deeper
into industry profits.
China Southern Airlines said Friday that Chairman Si Xian Min
had resigned, effective immediately. No reason was given. The
airline didn't name a successor, saying instead that the vice
chairman will assume the role and duties of chairman. ADRs fell 7%,
to $29.83.
Brazilian President Dilma Rousseff said Friday that a government
bailout for the country's troubled state-controlled oil company,
Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR, can't be ruled
out. Shares fell 9%, to $3.27.
Pakistan State Oil has dropped Royal Dutch Shell from the
running to supply liquefied natural gas to Pakistan after Qatar
agreed to supply it at a lower price, a London-based trading source
has confirmed via email. ADRs fell 5%, to $39.15.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 15, 2016 17:21 ET (22:21 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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