ADRs End Mostly Higher; Petrobras Rises
June 02 2016 - 6:19PM
Dow Jones News
International stocks trading in New York closed mostly higher on
Thursday.
The BNY Mellon index of American depositary receipts edged up
0.15% to 123.89. The European index rose 0.20% to 122.74, the Asian
index edged down 0.14% to 131.48, the Latin American index
increased 0.93% to 168.68 and the emerging markets index rose 0.50%
to 227.49.
Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) was among the
companies with ADRs that traded actively.
The new chief executive of Brazilian state-run oil firm Petroleo
Brasileiro, or Petrobras, said that he supports a bill that would
open up coveted offshore oil fields to foreign companies, signaling
the latest change in tack for a country that has for years closely
protected one of its most-prized assets. Petrobras's ADRs rose 1.9%
to $5.92.
Statoil ASA (STO, STL.OS), Norway's state-controlled oil
producer, is scrambling to replace Airbus search-and-rescue
helicopters in the North Sea after the country's aviation authority
banned flights using two Airbus helicopter models following a fatal
crash. ADRs fell five cents to $15.89.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
June 02, 2016 18:04 ET (22:04 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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