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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
01/29/201513:03:13Banco Santander SA 4Q 2014 -- Forecast
01/16/201506:14:02Spain's Isolux Corsan Plans to Raise EUR600 Million in IPO
01/09/201516:45:41U.S. Stocks Fall Despite Stronger-Than-Expected Jobs Report
01/09/201516:45:28Santander Stock Plunges Below Capital Hike Price -- 2nd Update
01/09/201516:42:46Correction to Santander Stock Plunges Below Capital Hike Price
01/09/201516:39:07Santander Stock Plunges Below Capital Hike Price--Update
01/09/201516:37:46European Shares Weighed Down by Banking Stocks -- 2nd Update
01/09/201514:16:19Santander Shares Plunge to Below Price at Capital Hike
01/09/201508:14:12European Shares Weighed Down by Banking Stocks -- Update
01/09/201505:49:07Banks Drag European Stocks Lower
01/09/201505:03:02European Shares Weighed Down by Banking Stocks
01/09/201504:16:07Santander Shares Priced at EUR6.18 Each in EUR7.5 billion Capital...
01/08/201520:28:28Car Loans See Rise In Missed Payments
01/08/201513:35:17Santander to Raise $8.88 Billion in Capital -- 3rd Update
01/08/201513:29:56Santander Chairman Says No Plans for Acquisitions
01/08/201512:47:49Santander to Issue 1.26 Billion Shares in Capital Increase
01/08/201510:54:25Santander to Raise $8.88 Billion in Capital -- 2nd Update
01/08/201509:23:43Santander to Raise $8.88 Billion in Capital -- Update
12/29/201410:13:02Novo Banco Has Four Potential Buyers
12/23/201411:49:23U.S. Hot Stocks: Hot Stocks to Watch

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