International stocks trading in New York closed mixed on
Thursday, with the Bank of New York index of American depositary
receipts adding 0.3% to 155.70. The European index rose 0.6% to
151.54, the Asian index fell 0.1% to 154.21, the Latin American
index added 0.2% to 309.32 and the emerging markets index fell 0.5%
to 310.90. Among the companies with shares that actively traded
were China Petroleum & Chemical Corp. (SNP, 600028.SH, 0386.HK)
and ABB Ltd. (ABB, ABBN.VX).
China Petroleum & Chemical, or Sinopec, is in talks with
numerous Chinese companies, including Tencent Holdings Ltd. (TCEHY,
0700.HK), about either selling a stake or forming alliances in its
gas-station-to-convenience store business, as part of the
state-owned oil giant's moves to reform itself. Sinopec shares fell
1% to $97.76.
ABB said a new high capacity cable for wind farms and other
power stations would help it win orders from competitors, as the
engineering giant struggles to boost the performance of its
loss-generating power systems division. Shares rose 1% to
$22.90.
Luxottica SpA (LUX, LUX.MI), the world's largest eye wear maker,
said it will discuss the possible departure of Chief Executive
Andrea Guerra at its next board meeting, as the likelihood of the
executive leaving his post grows. Shares of the Italian firm fell
0.8% to $51.38.
An Indian government agency that approves foreign investment
proposals is unlikely to allow private-sector lender HDFC Bank Ltd.
(HDB, 500180.BY) to increase its foreign ownership, a top
government official said Thursday. "Foreign holding in the bank is
already 74%-plus without the proposed increase," the official, who
didn't wish to be named, told The Wall Street Journal. HDFC Bank
shares fell 0.9% to $49.42.
Write to Anna Prior at anna.prior@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires