International stocks trading in New York were mixed Tuesday,
with the Bank of New York index of American depositary receipts
rising 0.1% to 156.42. The European index increased 0.12% to
156.35, the Asian index dropped 0.01% to 147.17, the Latin American
index rose 0.23% to 295.07 and the emerging markets index increased
0.55% to 289.94. Among the companies with shares that actively
traded was China Petroleum & Chemical Corp. (SNP, 0386.HK,
600028.SH), or Sinopec.
China Petroleum & Chemical Corp., or Sinopec, has doubled
production at its Iranian oil project, The Wall Street Journal
reported, a rare success as the country struggles to revive its
flagging oil output. The push is part of a broader attempt by China
and Iran to mend fences after the cancellation of a $2.5 billion
oil-field deal with another Chinese state-owned giant, China
National Petroleum Corp. Sinopec shares rose 1.8% to $94.42.
Ryanair Holdings PLC's (RYAAY, RYA.LN, RYA.DB) EUR850 million
($1.1 billion) seven-year bond was oversubscribed, which allowed
the Irish budget airline to price the notes lower than initially
anticipated. Shares rose 0.7% to $58.23.
Eni SpA (E, ENI.MI) acquired a 40% stake in an exploration
permit that allows the Italian company to search for oil and gas
off the eastern coast of South Africa. Eni didn't release financial
details of the deal with the upstream oil and gas subsidiary of
Sasol Ltd. (SSL, SOL.JO), which received the original permit at the
end of last year. Sasol shares increased 1% to $57.42.
Infosys Ltd. (INFY, 500209.BY) Chairman and co-founder N.R.
Narayana Murthy has made some progress in revitalizing the Indian
information-technology outsourcing company since being called back
out of retirement about a year ago. While Mr. Murthy has made some
progress, some analysts and investors say they still worry because
the company keeps losing executives and seems to be losing early
momentum. Shares rose 0.7% to $52.30.
Write to Tess Stynes at tess.stynes@wsj.com
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