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ADR Report: Shares End Higher After Encouraging US Housing Report

By Mia Lamar International companies trading in New York closed higher Tuesday as investors drew encouragement from a better-than-expected report on the hard-hit U.S. housing market. The Bank of New York index of American depositary receipts rose 0.5% to 114.62. Solar stocks struggled, however, after LDK Solar Co. (LDK) posted a wider loss in its fiscal first-quarter and laid out a disappointing view for the quarter ahead. Shares of the solar-product maker slumped 5.9% Tuesday to end at $1.90. Shares of Trina Solar Ltd. (TSL) dropped 8% to $6.23, while shares of Yingli Green Energy Holding Co. (YGE) shed 1.4% to $2.78. The European index rose 0.5% to 106.40. Spanish banks lagged after Moody's Investors Service downgraded 28 of the country's banks late Monday, adding further worries to the troubled sector. Among individual stocks, Banco Bilbao Vizcaya Argentaria (BBVA, BBVA.MC) fell 0.5% to $6.25, while Banco Santander (SAN, SAN.MC) ended 0.8% lower at $5.93. The Asian index rose 0.4% to 113.56. Shares of Macau-focused casino operator Melco Crown Entertainment Ltd. (MPEL, 6883.HK) slumped on rising concerns that growth in the Chinese city's red-hot gambling industry has peaked. U.S.-listed shares closed 3% lower in New York at $11. The Latin American index rose 0.7% to 302.29 while the emerging markets index added 0.7% to 259.28. Gol Linhas Aereas Inteligentes (GOL, GOLL4.BR), Brazil's second-biggest airline, said Tuesday that it would cut 2,500 jobs this year, more than double the layoffs it had previously forecast, as it moves to improve profitability. Shares closed 4.4% lower at $4.56 in New York. -Write to Mia Lamar at mia.lamar@dowjones.com

Stock News for Banco Santander Chile (SAN)
DateTimeHeadline
06/24/201618:10:00Bank Shares Plummet Around the World, but Europe Fares Worst
06/24/201617:59:00Bank Shares Plummet Around the World, but Europe Fares Worst
06/24/201614:50:00European Banks Take Beating After 'Brexit' Vote -- Update
06/24/201613:26:00Spain's IBEX-35 Sees Biggest One-Day Drop in Its History After...
06/24/201609:09:00European Banks Take Beating After 'Brexit' Vote -- 2nd Update
06/24/201605:20:00European Banks Take Beating After 'Brexit' Vote
06/23/201617:10:00Fed Stress Tests: All Big Banks Clear Bar for Capital Requirements
06/23/201608:30:00Poland Looks to Buy Banks From Eurozone Owners
06/22/201608:10:00What to Watch for in Fed's Stress Tests of Big Banks
06/21/201615:25:19Report of Foreign Issuer (6-k)
06/21/201611:31:00Santander Awards Over $3.1 Million in New Charitable Grants to...
06/15/201608:00:00Watch List for Foreign Money Center Banks Equities -- Banco Santander...
06/03/201609:01:00Spanish Police Seek Documents From Banco Santander--Update
06/03/201607:30:00Spanish Police Seek Documents From Banco Santander
06/03/201606:29:00Spanish Police Request Documents from Santander in HSBC Investigation
05/25/201611:53:00Santander Celebrates Branch Relocation To Union Square Area With...
05/25/201601:00:00Sanofi Genzyme Launches its vs.MS Global Campaign to Address...
05/19/201611:53:00Santander Opens New Branch At Boston Medical Center
05/16/201609:00:00Sanofi Genzyme Announces Multiple Sclerosis Research Collaboration...
05/04/201616:49:42Report of Foreign Issuer (6-k)

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