International stocks trading in New York were mixed on
Wednesday. The Bank of New York index of American depositary
receipts rose 0.58% to 157.41. The European index increased 0.78%
to 155.59, the Asian index improved 0.11% to 151.32, the Latin
American index rose 0.21% to 303.72 and the emerging-markets index
declined 0.06% to 298.16. Among the companies with shares that
actively traded were Oi SA (OIBR OIBR4.BR) and Portugal Telecom SGP
SA (PT, PTC.LB).
Brazil telecom company Oi SA (OIBR OIBR4.BR) set a deal with
Portuguese partner Portugal Telecom SGP SA (PT, PTC.LB) over the
transfer of 847 million euros in debt owed by the Espirito Santo
group. An Espirito Santo subsidiary, Rio Forte, missed a payment
due Tuesday on the debt. Portugal Telecom agreed to buy the debt
back in exchange for Oi shares worth 16.6% of the Brazilian firm's
total capital. PT, which is merging with Oi, will have an option to
buy back the Oi shares for six years. Oi shares climbed 11% to 75
cents. Portugal Telecom shares fell 1.6% to $2.51.
ASML Holding NV (ASMI, ASM.AE) said Wednesday that
second-quarter net profit rose 81% as the semiconductor-equipment
maker sold its lithography systems at a higher average price.
Rabobank said the Netherlands-based company's quarterly report was
a mixed bag, with results exceeding expectations on a strong gross
margin, but the 2014 revenue outlook disappointed. Shares fell 2.5%
to $88.39.
Write to Tess Stynes at tess.stynes@wsj.com
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