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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
08/31/201513:10:00Crackdown on Racial Bias Could Boost Drivers' Costs for Auto...
08/25/201516:30:00Brazil's Caixa Takes Step Toward IPO for Insurance Unit
08/10/201513:30:08Santander Consumer USA Says CFPB Finds Alleged Fair-Lending Law...
08/04/201505:59:42With Copper Boom Slowing, Real Estate Firms Get Creative in Chile
07/30/201517:10:31Report of Foreign Issuer (6-k)
07/30/201516:59:00Report of Foreign Issuer (6-k)
07/30/201508:25:57Correction to Santander Profit Rises Story
07/30/201507:45:49Banco Santander Brasil Profit Rises On More Loans
07/30/201504:29:21Santander Posts Sharp Rise in Profit -- 2nd Update
07/30/201502:30:06Santander Posts Sharp Rise in Profit
07/30/201502:27:06Santander Posts Sharp Rise in Profit -- Update
07/30/201501:45:17Santander Profit Rises
07/29/201515:04:10Report of Foreign Issuer (6-k)
07/29/201508:00:00Genzyme Launches Fifth Annual Patient Advocacy Leadership (PAL...
07/27/201508:37:07Banco Santander SA 2Q 2015 -- Forecast
07/27/201502:00:00Genzyme Strengthens Endocrinology Portfolio with Acquisition...
07/21/201513:09:00Santander Holdings USA Declares Quarterly Dividend On Preferred...
07/16/201513:45:00Santander Provides Scholarships To York College Students
07/15/201515:24:09Report of Foreign Issuer (6-k)
07/15/201515:20:23Santander Taps Ex-J. P. Morgan Official for U.S. Post

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