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Companhia Vale Do Rio Doce Share News

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ADR Report: Shares Higher As European Banks Rally

By Corrie Driebusch International companies trading in New York closed sharply higher Wednesday, in line with the broader market, after remarks by central bankers in Europe and the U.S. hinted that more monetary stimulus is to come. The Bank of New York index of ADRs climbed 2.8% to 113.69 as European Central Bank President Mario Draghi said markets are underestimating political leaders' commitment to address the euro crisis. Some investors took that to mean more monetary stimulus may be on its way. European bank stocks in particular rallied. Banco Santander SA (STD, SAN.MC) climbed 4.2% to $5.93, while Banco Bilbao Vizcaya Argentaria SA (BBVA) rose 4.8% to $6.35. French banks also jumped, with BNP Paribas SA (BNPQY, BNP.FR) ending up 5.3% at $18.15, Societe Generale SA (SCGLY, GLE.FR) gaining 5.2% to $4.48 and Credit Agricole SA (CRARY, ACA.FR) closing 3.8% higher at $1.93. The European index ended up 2.9% at 104.81. Drinks maker Diageo PLC (DEO, DGE.LN) said Wednesday that it plans to invest more than one billion pounds ($1.5 billion) in Scotch whisky production over the next five years to meet growing demand in emerging markets. Shares of Diageo climbed 4.2% to $97.88. The Asian index rose 2.7% to 113.08. Indian generic-drug maker Dr. Reddy's Laboratories Ltd. (RDY, 500124.BY) on Wednesday disclosed a research agreement with Germany's Merck KGaA (MKGAY, MRK.XE) aimed at developing biotechnology drugs that can be sold in the highly regulated but more lucrative markets of the U.S., Europe and Japan. Shares of Dr. Reddy's closed 1.3% higher at $29.07. The Latin American index gained 2.4% to 306.53 and the emerging-markets index added 2.7% to 262.25. Spot gold and silver jumped to a four-week high Wednesday as investors embraced the possibility that the U.S. could enter another round of gold-friendly monetary-policy easing. Shares of miners rose, including Vale SA (VALE, VALE5.BR), up 3.2% at $18.75, and BHP Biliton Ltd. (BHP, BHP.AU), up 3.3% at $63.23. Write to Corrie Driebusch at [email protected]

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
01/19/201706:25:47Report of Foreign Issuer (6-k)
01/19/201706:05:31Report of Foreign Issuer (6-k)
01/19/201701:53:00BHP Billiton, Vale, JV Reach Preliminary Agreement With Brazil...
01/18/201717:25:54Report of Foreign Issuer (6-k)
01/13/201716:46:48Report of Foreign Issuer (6-k)
01/09/201716:12:47Report of Foreign Issuer (6-k)
01/04/201717:11:55Report of Foreign Issuer (6-k)
01/03/201717:23:38Report of Foreign Issuer (6-k)
12/20/201617:07:25Report of Foreign Issuer (6-k)
12/20/201603:02:00Israel Arrests Diamond Magnate -- WSJ
12/19/201618:40:00Diamond Magnate Beny Steinmetz Arrested in Guinea Case -- 2nd...
12/19/201614:52:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion...
12/19/201607:55:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion...
12/19/201607:05:42Report of Foreign Issuer (6-k)
12/19/201607:00:00Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion
12/19/201605:59:00A Geographic Shift in Brazil Mining Leaves a Storied Region Hurting
12/19/201603:02:00Vale Alliance Looks Uncertain, Fortescue CEO Says -- WSJ
12/15/201622:48:00Fortescue CEO Says Alliance With Vale Appears Shaky
12/15/201616:57:02Report of Foreign Issuer (6-k)
12/13/201608:40:00Brazil's Big Companies Hinder Its Brazil's Big Companies Hinder...

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