International companies trading in New York closed higher
Friday, with the Bank of New York index of American depositary
receipts rising 0.1% to 150.50. The European index was essentially
flat at 151.13, the Asian index rose 0.1% to 144.00, the Latin
American index increased 0.8% to 259.92 and the emerging markets
index added 0.3% to 263.81. Among the companies with shares that
actively traded was Grupo Televisa SAB (TV, TLEVISA.MX).
Mexican television company Grupo Televisa is suffering revenue
loss under new rules requiring it to provide its broadcast channels
without charge to pay-television systems, while still waiting for
regulatory actions in telecommunications that could help make its
mobile-phone business profitable, a company official said Friday.
Still, share rose 2.5% to $28.85.
Zurich-based Credit Suisse Group AG (CS, CSGN.VX) agreed to pay
$196 million to settle charges that it violated federal securities
laws by providing cross-border brokerage and investment advisory
services to U.S. clients without registering with the Securities
and Exchange Commission. Shares edged down 0.3% to $31.47.
GlaxoSmithKline PLC (GSK, GSK.LN) said Friday that the European
Medicines Agency's Committee for Medicinal Products for Human Use
has issued a positive opinion recommending marketing authorization
for its respiratory drug umeclidinium under the proposed brand name
Incruse. Still, shares slipped 0.9% to $55.69.
Royal Dutch Shell PLC (RDSA, RDSA.LN) has agreed to sell its
Australian refinery and gas stations to energy trader Vitol Holding
BV (VTL.YY) for 2.9 billion Australian dollars ($2.6 billion), as
the company offloads assets around the globe to protect falling
profits. Shell shares edged up 0.2% to $73.47.
Write to Anna Prior at anna.prior@wsj.com
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